Hello all,

So after the inspection on a 4-plex, we sent the following response to the seller:

1) Repair/replace main plumbing waste line that is backing up and leaking in the basement.
2) Replace water heater that i...

Real estate investor looking to expand into new markets in other states. I became aware that North and South Carolina have this practice of requiring due diligence fees that are included with the offer and are paid to...

When there is cloud on title (lien, encumbrance etc.) and money owed, how exactly does a quick claim deed clear title and remove these defects? I have read around a bit but I am unclear how the quick claim deed precis...

I recently launched an STR management company in Kissimmee FL and decided to set up an account with Hostaway. Overall it seems pretty good, but I am curious about other similar options. Appreciate your recommendations 

How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...

My family and I are considering relocating to a different state for work. We bought a house almost a year ago with a FHA loan. From my understanding I can rent it out after the first year is up. But the legality of sh...

Hey all,

I'm looking at a HUD deal right now and my bidding deadline is for tonight. It's a triplex listed at 132k (my bid would not go above 105K, which probably would not be accepted but we will see). It probably n...

I once lived in CA and in 1988 I bought a small 2 BR in a working class neighborhood. I have not lived in CA for 15 years. I sold the house this year and there was huge appreciation. The escrow company is insisting th...

Do any appraisers know if you can use the subject as a comparable?  My father-in-law is refinancing a property he purchased in April.  The appraiser used his purchase and purchase price as the number one comp.  I have...

Here’s the answer:

To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...