Joel Depas
My first time house hacking, I need help
I am about to take a new job in a new city and as part of my compensation they are providing me with housing of a 2 bedroom apt. They also told me that I could rent out the other room if I wanted to. This is my first ...
William R.
Double Closings and City Inspections
So I happened to get a non-assignable property under contract for 42k that needs 18k worth of work that can be turned in 90 days for 120k with solid comps in a desirable area. Super duper excited right...
Problem is ...
Daniel Gonzalez
How do i get my money back from my lying landlord!!!
Hello everyone,
I recently started the process to rent an apt from a landlord.I gave him the application to send to the association for approval,the security deposit and first months rent.I called the associa...
Timothy Nelson
Paying Off Loans on Inherited Property
I inherited a home oat the end of August 2011. The property carries a home equity loan in the name of deceased relative. I have been paying the bill every month since. I never contacted the lender to know about ...
Cornelius Charles
Newbie Business Structure
Hi all. My business partner and I are new to RE investing and are in the process of gathering as much information as we can. One of the things we were told was that we should start off as either a LLC or S-corp (o...
Ryan Cleary
When to start an LLC?
Now that I am starting to gather momentum in investing as well as my professional career, I feel as though I am getting close to the point where I am going to have to start thinking about a LLC or something similar. ...
Christian Hoffman
House Next Door Stuck in Limbo
I live next door to a house that I've always had my eye on to pick up as a rental. The owner passed away in the Spring, and there is no close family to take it on. She had a reverse mortgage on it, I've spoken with a ...
Patrick Orah
Mortgage lender denies preapproved loan
Can their be legal recourse against a lender who preapproves a loan and then later deny the loan after I have entered into a ratified contract?I am finally in the process of purchasing my first real investment propert...
Jacob Beran
One Roommate Wants to Terminate Lease - Other Wants to Stay (WI)
Hello BP community,I have two tenants occupying a unit who are both "jointly and severally liable" for the full 12-month lease. One of the roommates wants to end their part of the lease due to personal reasons unrelat...
Ryan Monty
Illegal vs. non-conforming unit: differences in uses & Airbnb?
This is a few related questions in one:First, I want to check if my understanding on the differences here is correct?Illegal unit = you can't rent this unit. I mean, you *can* rent it, but if the City is ever alerted...