Michael D Valadez
How to make a basement unit legal in chicago?
I bought and rehabbed a 2-flat in chicago this year and now I'm turning my attention to the basement. It was a legal 3-flat but the last owner had it decoverted to storage a year before the sale. I was told there was ...
Heather O.
Tenant filled in application:1 dog, moved in 8 100lb pitbulls
Initially Tenant filled in application: 1 dogThen added 2 when signing the lease.The next day, moved in 8 100lb pitbulls. I have daily photos of 5 to 8 giant pitbulls in the yard.
Nick Ferrari
Strategies on increasing tenant rent
Iron Sharpens Iron. I want to hear your most effective ways at increasing rent from an already existing tenant.I personally write up an email or letter 60-90 days out from renewal explain that their rent will be going...
Lee Huffman
What to do when a contractor underbids?
We are doing our first 2 flips simultaneously. The 1st was pretty much as expected. The 2nd was the typical nightmare that you hear about so often from other investors.Our original costs were $26k, which was a signe...
Gage Coffman
New tenant tries to move fiancé in
I signed a tenant who has her and her daughter on the lease. Soon after moving in a see a man moving in with her who turns out to be her fiancé. I spoke with her and let her know per lease if he’s going to be there 10...
John Lunias
Raise the rent or not in our duplex where we live? North Jersey
Background:
Hi,
I own and live in a two family home where I rent one of the apartments (above mine) out to a small family. The apartment is a renovated 3br, 1 bath in northern NJ with heat and hot water included. Th...
Rafael Pinho
Architect and developer
Hi all, Any other architect-turned-developers out there? I would love to hear about what you're doing!
Ying St.Cerny
Investing in a Syndication or Investing in a House Hack
A bit of personal background. I am currently residing in southern NJ, just over the bridge of Philadelphia. I work a typical 9-5 corporate job. I am very new to real estate, just a couple of month. My rental apartment...
Corey Duran
Wyoming LLC protection
I hear a lot on the internet that no matter how you set up your business structure for asset protection you want to have your main holding company that owns all of your other LLCs out of Wyoming, Delaware, or Nevada f...
Jeff Caravalho
SD IRA (or solo401K) question
Hi BP,2 part question: 1. Can I start an SD IRA (or solo4 401K) without forming an LLC (fees would destroy ROI). I am looking to invest in performing mortgage notes that are passive (no trading, note terms longer tha...