Jerrold Stallworth
How to complete my first commercial REO deal
Hi all,
I'm a Realtor in Chicago.
A friend referred a customer to me who wants to buy a small storefront, which happens to be an REO property on the Chicago's South Side. He has spoken to the bank, agre...
Anthony Mendoza
What contracts do I have to use in Texas ?
I’m from the Houston area and I was wondering what contracts do I have to use for a whole sale deal
Can I use any purchase and sale agreement / assignment agreement contract in the Texas markets ?
Karen Chandler
Tenan’s mold issue
17 unit apartment building: manager negligent as we discovered that tenant had the following issues: Too many people, non-working or never used bathroom fan, never opened windows, never used heat, very unclean. Develo...
Jim Francis
Owner Finance Illinois
Need some wisdom from my fellow BP-ers. I have a property that would be a great Owner Finance.Is there anyone that can lead me in the right direction when it comes to this?From what I'm hearing I need to have a mortga...
Leewood Chan
Tax questions for the Rental property after transfers title from personal to LLC
My Sister and I bought rental property on April 2020, and it listed and rented start on July 2020. On June 2022, we established LLC and transferred title from our personal name into LLC.1. Do we need to split the dep...
Gary Freidman
Cheapest But Most Efficient LLC Formation
I am looking to form an LLC and wanted to ask those who already have one if you though it was necessary to use a lawyer or could I just use the various formation services like corpnet? If you used a lawyer, how much d...
Bill Johnson
Revocable Trust for LLC
Hello,I am in the process of setting up a real estate holding LLC and I wanted to place the holding company (and obviously all of the subsidiary LLCs) into a Revocable Trust to avoid Probate Court in case my untimely...
Harry Stanley
Car ran into my house
Thanksgiving morning a car ran into my brick house that was built in 1960. Before I simply "get an estimate" for Allstate, the insurance company for the vehicle that hit our home, should I get an attorney involved?
Jake Kain
Property management agreement
Hey BP! Hoping that I am posting in the correct forum.My grandmother has moved into an assisted care facility, giving power of attorney/attorney in fact to my parents. Her house is completely paid off and my parents a...
Travis Moe
First Steps to Acquire Property Deceased Owner without Heir
Hi, BP -I did my best to research all the many, many posts on foreclosures, probates, and tax lien type strategies. I think I understand what I need to do, but I really would like it if BP could hold my hand here and ...