Alexander Johnson
Purchasing a duplex with a tenant already housed
I am about to purchase a duplex that already has a tenant in one of the units while I house hack it. Their lease expires in July 2021.What questions should I no doubt ask the current landlord? How would I handle a lea...
Andrew A Sanchez
Best Financing Options for Purchasing Home from Parents
Hi everyone, I am looking to purchase a couple of houses from my father who has been getting into real estate investing in the past few years. The houses were rehabbed by him and my intention is to rent and hold them....
Jean Castillo
Bank won't allow purchase under newly created LLC
Some background before the actual questions...
A business partner and myself recently purchased a property for rental profit. Our initial thought was to have the property under our LLC - partnership (recently created...
Emillio Henry
Do you need to purchase insurance for flips?
I hired an attorney for a house I’m flipping and he asked me if I have insurance for the property. This caught me by surprise, being a first time flipper I wasn’t aware I needed any sort of insurance for a property I ...
Doreen Hall
Trying to purchase property without the current tenants
Hello-In these times of Covid restrictions, can a landlord in NYS issue a notice to month to month tenants to vacate property due to sale? I would like to make an offer on a certain property for sale , but I do not wa...
Marco Lopez
Purchasing a Rental Property with Tenants in place.
I'll be closing this Tuesday on a property in Chicago in Hermosa neighborhood. It consists of a coach house in the back with 2 units and a store front. All 3 are currently occupied, the 2 residential units are current...
Anthony Webster
Using a personal loan to purchase a rental?
Hey all,
I have a 3/3 townhouse that I bought at the beginning of this year. I lived there and rented out the two spare rooms until August when I purchased my current 3/2 home with a 1/1 guest house. I rented out the...
David Newton
Purchasing property for LLC (partnership) in personal name
An unrelated partner and myself have started an LLC and purchased our first property. We paid cash and the property is in the LLC and plan to refinance in the coming months.My question relates to additional propertie...
Mahesh Nair
Looking to purchase first rental property in IL
Hello fellow BP mates,
I just got started with my real estate investment journey. I live in the neighborhoods of Chicago and am looking to purchase my first rental property within IL. I am primarily looking for singl...
Felix Torres
How do you purchase a commercial/residential property
Hello Everyone,How do you purchase a building that's a commercial and residential. The building has several businesses on the bottom and apartments above it. All fully occupied. The only downside is the street parking...