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I'm running into a snag on a purchase we are working on.Background: We are doing a 1031 exchange. Two LTR townhomes into a larger active STR. COE 7/9 and 7/15 on sales. $320k net combined proceeds; $250k mortgage payo...
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Let's assume I'm doing a ground up development project and I have a loan for land I'm developing. Assume the exit strategy and end goal is develop the land, build a multi unit apartment complex, lease up, and sell it...
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I am creating a local real estate fund with friends/family. The goal is to raise $10-20mm in order to invest in a specific area in the South-side of ChicagoHere is the focus:Multi-family, Office, and Land$500k - $10mm...
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Just finished writing out our business plan. Please take a look and let me know what you think. Missing anything? Any suggestions? This plan will be sent to prospective Equity Partners within the next week, any input...
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I am just your above average 21 year old looking to secure financial freedom early. Growing up my biggest fear was always sitting behind a desk in a cubicle day in and day out hoping one day I might get the chance to ...
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I am returning a deposit to hold the property because the prospective tenant doesn't meet my qualifications. What should I include as far as a letter goes? Should I give them the reasons for denial? Should I mai...
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I have been managing my own properties, can I pay myself as a property manager? Set up a different business? Pay my wife?
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When advertising for rent, I get people here and there that ask if I accept tenants that receive Section 8 assistance, am I even able to say no? I guess you could say no on the basis that property isn't section 8 appr...
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Do you more seasoned landlords worry about late rent as in a few days past the late fee mark.( I put 50$ penalty on my lease)Or do you just take the late fees out of the deposit at the end of the lease?
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Hello BP, A new Tenant just moved in on the 16th for a mid-term rental. She gave me an approval letter from a RN saying she requires an emotional support animal for her mental condition. It specifies a Cat. On her app...