I have been running a real estate business for last few months using an LLC and never had an Operating Agreement. Is it too late to form one? Or should I have had it from day-1?

Hello!  I am super excited as after many months of looking for deals, I have a house under contract.  I do have a buyers list, but am a bit nervous. Can you give me any words of encouragement??  How hard is it to find...

scheduled to close on first wholesale deal at the end of the week.
ive got my original contract ratified and am getting the assignment contract signed off by the buyer today.
my question is- other than getting the Ame...

Hi all,
I'm doing some research and since I've not purchased an investment (or any) property before, does anybody have any suggestions or specific or standard contingencies they'd put or want in their contract when m...

Hello-I made a typo on the lease that stated rent would be late after the 10th or each month but it should have been the 5th. My tenant is refusing to sign an amendment. Is this one that I have to eat?-thanks

I have just enlisted The Short Sale Service, to assist me in a short sale for my rental. The tenant's boyfriend wants to purchase the property. The plan is to simultaneously do the short sale and sell the property to ...

I recently purchased a home at a master commissioner auction at the court house. It was for less than 2/3 of the appraised value. Is it safe to put any money into this before the 6 months? Here is a copy of the Kentuc...

Hi everyone,
I'm working on a blog for What To Ask For When Buying A Tenant Occupied Property and here is the list I have so far. Am I missing anything?
Ask to see a copy of the lease and look for the length of leas...

Hello everyone, I would appreciate some feedback / suggestions:Tenant wants to make rent payments bi-monthly. Current lease states rent of $1775 due on the 1st. They want to pay $887.50 on 1st and 15th. They said they...

I'm just starting out with real estate investing in Illinois, and have been looking into the advantages of the Series LLC. At this point, I don't have any rental properties, but I am getting close to being at the poin...