Edward Schenkel
Ask An Attorney Anything About Real Estate Law
Hey all, I am relatively new to the group. I am very impressed with the experienced professionals here and am glad that I stumbled upon this site. I am a seasoned real estate attorney and enjoy not only practicing la...
Rob Street
Buying non-performing note of abandoned property
I am interested in buying a non-performing note of a property in California that is tied up in BK and has been abandoned for several months. Ultimately I would like to foreclose and acquire the property. The former ow...
Jay Hinrichs
Look what Vegas is allowing to happen to deal with Squatters.
Vegas just moved way up the list for landlord friendly.. take that an no great weather issues and some of the absolute lowest prop tax's no income tax and now a company that can deal with squatters the way they shoul...
David Lao
Depreciation to offset W2 income
This is a hypothetical situation. Billy has a day job earning $100,000 per year in California. He wants to build a real estate empire in his local market as the king of residential real estate (1-4 units). What value ...
Kim Hopkins
Commercial Property Insurance Through the Roof!
Help! I know property insurance has gone up in certain locations such as Florida. But, our property Insurance has gone up across the board, across multiple states and in multiple asset classes including single tenant ...
Ryan R.
Stolen Main Circuit Breaker
I'm in the process of buying a foreclosure that had the main circuit breaker (disconnect) stolen. The main panel is located in the house and is fine. I've got some electricians coming out to give me some estimates but...
Evelyn Jordan
No SSN, no CC, No Proof of Income
Hey BP People,I am currently screening tenant applications for a vacant rental property of mine and I came across an interesting situation. The applicants are a Hispanic family with 3 young kids; Mother is a housewife...
Matthew B.
Should I transfer rentals from LLC to personal name for loan?
I own several single family homes and a couple duplexes that are held in an LLC owned by myself and a partner. They're all rental properties.I've been trying for years to do the "BRRRR strategy" as it's now called - s...
Marc Shin
contractor is threatening to take me to court
I've been working with a contractor on some renovations and they are threatening to take me to court. We do not have any signed contracts in place. What we have is a good spreadsheet with a list of tasks, and as the...
Simon W.
REO = instant equity?
Hi guys,
Something came across my mind, I never really thought about it since I wasn't focus on buying REOs.
I saw a property REO for $30K and the area is usually $60K-70K
Say that this REO is move-in ready, no re...