Yvonne H.
Late fee dates when using electronic payment systems
For those of you with experience using online payment systems that use ACH, such as cozy, appfolio, etc:On our contracts, rent is due on the first, but late fee is only assessed if paid after the 5th. WIth that in min...
David C.
Obtaining loans for new LLCs
Without sparking an argument of using a single LLC vs. multiple LLCs to hold multiple properties, let me just set the stage:I have a new LLC to hold new property in a new state. When it comes to obtaining a bank loan...
Carrie Sun
What liens will stay with a property after a tax deed sale?
Which below liens would still stay with property after a tax deed sale?IRS lien, HOA lien, Special Assessment lien, Water and sewage lien, All kinds of Judgement Trust deed (is it a lien)?If a tax deed property ha...
Jacob Kriedermann
Adding studio above SFH garage
I'm considering the possibility of building a studio apartment above the garage of my 2 bedroom/2.5 bathroom single familiy home attached to the primary house via a walkway from the second floor as well as having a se...
Allan Smith
Florida Law about Security Deposit
I have an apartment that was rented by a tenant and there's some minor damage (approx $100 worth). Do I need a licensed and insured contractor to perform the repairs or can it be a handyman that I know and trust but d...
Hansel Gunawan
What to analyze when I want to buy a duplex/triplex/four-plex house?
Hey, can someone please tell me what to analyze in buying a duplex/triplex/four-plex house? What are the risks? How to find tenants? How to calculate the profits? Thanks!
Billy Quirke
Compromising to Keep Going
Hey Everyone,
I currently have a single family home where I am renting one of the bedrooms (my primary home) and a duplex in a neighboring City (Joliet, Il). I've owned the single family home for 4 years and the du...
Alex Dotterer
Mold and Broken Water Pipes
I am a newbie from central Illinois with a potential flip property. I would like advice from the more experienced on BP. What I have is as follows: A 10,400 sq/ft finished above grade SF home built in 1912. It was...
Ron Averill
High End Rentals -- Market Forecast
My realtor is seeing an increase in renters who are looking for high end rental properties. That is, properties in the best neighborhoods that rent at rates more than double that of a nice rental property in other nei...
Brian Zintel
Cash-out Refinance with 5 percent down
I purchased my first home a little over a year ago (2-unit Property). I placed a 5% down payment on a conventional 30-Year Mortgage. I've completed a kitchen renovation in one of the units that has seen an increase i...