15 July 2024 | 5 replies
If there are any disputes or outstanding payments to the OG Contractor, your replacement contractor will not get paid anything until the dispute(s) is resolved.You should really hire a Certified 203k Contractor.
15 July 2024 | 4 replies
It has been 6 months or so, and I want to get them on a lease, and adjust the rent for market conditions.They currently pay $1,500/month, market for this small house is $2,200 or more
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1539620/small_1694804323-avatar-danh254.jpg?twic=v1/output=image&v=2)
20 July 2024 | 59 replies
You can either assume higher reserves for years 1-3 (or until the HVAC goes), adjust the purchase price or receive seller credit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2250284/small_1636399067-avatar-vincentd110.jpg?twic=v1/output=image&v=2)
14 July 2024 | 56 replies
Rents are much higher if we comply and they can test indoor air quality. our Type of Tenants also prefer and will pay higher rents as a result for a Certified Healthy Home.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1432377/small_1621512245-avatar-pamelaw48.jpg?twic=v1/output=image&v=2)
14 July 2024 | 21 replies
Hi James, do you have a company that is lead certified to do repairs and testing in Cleveland?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2212773/small_1694612681-avatar-jackv48.jpg?twic=v1/output=image&v=2)
14 July 2024 | 6 replies
If your lender offers the program they should be certified or trained in some way on the program and can answer any questions you have on it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3041330/small_1717524439-avatar-olivierc12.jpg?twic=v1/output=image&v=2)
15 July 2024 | 7 replies
I speak from experience as a landlord trying to adjust the section 8 provided rental rates EVEN AFTER HUD issued new guidance on my zipcodes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/376502/small_1621447632-avatar-chrism93.jpg?twic=v1/output=image&v=2)
15 July 2024 | 3 replies
They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2427548/small_1695163928-avatar-evelyng27.jpg?twic=v1/output=image&v=2)
13 July 2024 | 10 replies
The NC return is correct as is in my opinion.Remember that states often piggyback off Federal amounts, often AGI or taxable income (then make upward or downward adjustments for things like 179 or depletion).Since the passive loss did not enter the taxable income calculation at the Federal level, it won't flow to the state return when NC piggybacks.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1796815/small_1678567696-avatar-michaelb1745.jpg?twic=v1/output=image&v=2)
16 July 2024 | 21 replies
But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.