Todd Willhoite
Short sale and income tax consequences to seller
I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...
Douglas T.
Nervous about hiring a contractor
I need to talk to and hire a contractor as I'm preparing to convert my condo in Chicago into a rental. Most of the things on my list are small wear and tear items that have come up from living in the unit for 11years...
Cody F.
Late rent problems, let me know your strategy!
I'm having trouble every month it seems like with people being late on their rent. I've gotten strict with a notice on the 5th and 10th. And if they haven't paid by the 10th depending on the individual they face evic...
Greg Carrier
Tax sale houses. Learn from my most recent trouble :)
So we participate in tax sales. We have done several states but right now spend 99% of our time in Indiana and Michigan. As you may or may not know, when you buy a property on tax sale, you do not get a warranted de...
David Jesse
Copies of leases after acceptance of offer?
I'm buying my first rental property. It's the first house I'm buying. It's a duplex which has two tenants in it already.The agent says I will get the lease agreements after the seller accepts the offer and if I don't ...
Jared Vincent
Military base properties and tenants
Has anyone experienced pros and cons of having multidwelling units near a military base? Specifically rental rentention, vacancy concerns due to deployments, how to handle short term leases, section 8 vouchers, etc.
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Heather Kucich
Charging tenants to move to another apartment
Hi,I have a multi unit. Frequently I have tenants request to move into a newly opened apartment. Sometimes it's because the vacant apartment may have a balcony or be a newer updated unit. I am never really sure how I ...
Rogelio Vivero
Getting my first hard cash loan
Good Afternoon, My name is Rogelio and i am new in the real estate business and i was wondering on some advice. I might possibly have found a property and would like to use Hard money to purchase this property to poss...
Shanah Bell
Breaking a Property Management Contract
I need to break my contract with my Property Manager, but I am unsure whether or not my reasons have legal standing. It says that unless it is for legal reasons, I will be charged the remaining property management fee...
Sarah S.
Entire Street Pkg for Sale- Deal or Disaster?
A Broker brought a package deal to me to see if I had any interest since I had been hunting properties near a military base. Pricing is good but then there are these facts:Lot size for the entire street is 4.3 acres a...