The courts don't want to discourage the use of company's so as long as everything is done right on the corporate side, using an entity provides exponentially better protection that having everything in your name and relying on an umbrella policy.

I take it to court and get the judgement against my former tenant.BP Rocks!!!

A friend mentioned that her father passed away and had left her 3 brothers a property that she grew up on. The 3 brothers are not responsible at all and are letting the property go. They are not paying taxes on it ...

Firstly, sorry for my naive question but I've never been in this position before.I am in the process of evicting a tenant.The current rent they owe is-November rent- $450 + $75 late feeDecember rent- $450 + $75 late feeThere is a court date this week, which I assume the tenants will appear at and try to make any blande excuse/lie they can about why they should continue to stay longer rent free.

After EVERYTHING is signed they do a wire to the seller for their proceeded and a wire or check to you for the excess which is your profit.

This I my 1'st post, so I appreciate everyone's feedback.I received a lead on a property that I wanted to run by everyone to see if you would proceed with the deal, & what recommendations everyone has?

I'm stumped here as to how to proceed, any ideas???

There are two mortgages on the house, by law he can not collect any insurance proceeds due to his convicted crime.

Or if you want you can go to Italian market and visit 800 Montrose St. and Mildred court and see the 25 just built, finished and rented there.

When the Trustee(s) sell Real properties, it is subject to the approval of the court.