Daniel Dem
Chicago 2-flats, 3-flats legality and zoning
Been searching for this for a while and I can't find a clear answer from the city or from other investors.What is the checklist of items that I would need to satisfy to get a 1920s Ukranian 2-flat and/or a 1960s 3-fla...
Jeffrey Magenes
California - Landlord Reserves Right to Terminate 3 year Lease Anytime?
Is it legally possible for a: 1.) Landlord to reserve the right to terminate a 3 year lease with 60 day notice anytime. The main reason I would like this clause is to have freedom to sell and show the property as I pl...
Angel Alcantar
Forming an Entity to get around a Rentals License
Hello.I'm not exactly sure where to post this. I figure the general discussion place would be a good way to start. I currently live in Mankato, MN. Mankato has a law whereby no more than 30% of your block can have a r...
Al Torres
Buying an existing business help
Does anyone know of an attorney and accountant in the Philadelphia area who can evaluate the ins and outs of a business we want to purchase? The business comes with a property! Thank you.
Heron Barrera
Back Taxes Law Suite Case
Hello I wanted to see if anyone has heard of this in Texas. I was working on a wholesale deal. I got it under contract however the seller was saying she was talking to another buyer and that they had a better offer. T...
Mark Svendsen
How do I know if I shoud accept an offer or relist?
The trustee did a premature appraisal before staging and before new paint, new carpets, new furnature, and these are the results.
2.40M (1st appraisal) 2.45M LIST (+400K) = 2.855M OFFER
2.65M (2nd appraisal) 2.70M L...
Bryan Leon
Can I 1031 sales proceeds for new build on already owned lot?
I'm selling an investment property and want to know if the proceeds can be used towards a new build on an empty lot I already own. Does this type of procedure qualify for the capital gains exemption?
Sorin T
Change rental agreement to LLC name?
Hi, seasoned landlords, need some advice from you. I bought this property (TH) rehabbed it and rented it, all under my name. Naturally, the lease agreement carries my name as the landlord. Now, I read through a lot of...
Madan Anand
Down Payment from Pension/401K Funds & How to avoid Income Tax.
Hi, I want to buy a Duplex/Triplex rental property. I have to make down payment at least 20% to avoid PMI 30 Years Fixed Loan. I am retired. How can I save Income Tax for withdrawal of funds for Down payment. Need hel...
Lars Olsen
Taking the big leap!
Hi All, This morning I went Pro, and it feels good. What to do now? I'll tell you.But first I'd like to disclose my reasons for going Pro: 1. Give something back (I'm new to the forum and haven't used many of the reso...