Join the 9 million people who found a smarter way to get Expert help

Recent real estate law questions

I am going to buy rental properties in Michigan. i was advised

I am going to buy rental properties in Michigan. i was advised to have an LLC for each individual property. I need advice on how to set this up and consultation regarding any other factors I should be aware of (including registered agents).

Read more

Loren

Juris Doctor

 
34,688 satisfied customers
Now that you mention it, Richard, I know this might be a

Now that you mention it, Richard, I know this might be a little off the wall, but I like to keep tabs on industry trends. So, if you don't mind, what are the top three real estate law questions you get asked - in broad strokes of course. For instance, I imagine questions about buying rental property for investment reasons are quite common....

Read more

Richard

Owner

Doctoral Degree

 
45,930 satisfied customers
Im a US citizen living in USA. My parents are foreign

Im a US citizen living in USA. My parents are foreign nationals (Indian) and currently do not live here. They however visit me every year or so. My question is if they can legally buy rental property here in the US? They would like to buy the property on cash and have the monthly rent income deposit in a US bank for their retirement. Do they need to get a ITIN# ***** buying the real estate property? I found out from a bank and they said they can open an account without a ITIN#? What does IRS say about the income? Can they legally own a rental property in the USA?

Read more

Loren

Juris Doctor

 
34,688 satisfied customers
PA** When does frontage matter when it comes to buying

**PA** When does frontage matter when it comes to buying rental property? We see a property that is at a great price, however it is located 'rear' of the road, with no frontage and it does not border any legitimate street. If we plan on using this propertyindefinitely as a rental, will not having frontage be an issue?

Read more

 
3,740 satisfied customers
I wish to start consulting services for aspiring small time

I wish to start consulting services for aspiring small time landlords in the state of Tennessee. For a small fee I will help them with the process of buying rental property,finding tenants, leasing and maintaining. I am not a real estate agent and I have nothing to do with the field. I wanted to know if I would require any license for this business?

Read more

Ely

Counselor at Law

Juris Doctor

 
62,126 satisfied customers
I am buying rental property in Indiana. Is it best to incorporate

I am buying rental property in Indiana. Is it best to incorporate the management part of the business and have the properties be under that corp. Or, should I incorporate each property individually?

Read more

Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,286 satisfied customers
My clients house is in foreclosure and he has a friend who

My client's house is in foreclosure and he has a friend who wants to purchase the house. The friend would then lease the house back to my client after purchase. Considering foreclosure laws, is it okay to do this? Are any transactions "forbidden"?

Read more

Ray

Lawyer

Doctoral Degree

 
33,968 satisfied customers
I sold m house with a short sale and have $30,000 line of credit

I sold m house with a short sale and have $30,000 line of credit still outstanding. Should I try to buy a rental property to have some way to pay this back? My current income is not enough to make substantial payments.

Read more

Richard

Owner

Doctoral Degree

 
45,930 satisfied customers
In buying a rental property in a college campus area what is

In buying a rental property in a college campus area what is the best way to deed the property for least amount of risk to our personal home and wealth from unforeseen liability. Our daughter will occupy the premises and will find 4 additional tenants.

Read more

PAX Attorney

Attorney

Juris Doctor (JD)

 
586 satisfied customers
View more real estate law questions

How JustAnswer Works

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Pay nothing to your Expert if you're not satisfied.

In The News