Chris McNeal
Property his been sitting (Idle) for over 2 years. What can I do
8 May 2014 | 9 replies
However since you presumably know there is a Bank of America loan on the property there may not be much of a deal here becuase they are a pain to deal with.
Josue Rivera
need advise for this particular situation
17 January 2018 | 1 reply
Presumably your parents have equity in the house, in which case if you're purchasing it, you still need to account for paying them their equity along with the balance of the mortgage, unless a) they're willing to let you just continue paying the existing mortgage payment, or b) are willing to basically loan you their equity and leave their money in the house.Depending on what you're envisioning the terms of the sale being, you need to figure out what your monthly mortgage payment would be, then figure all your other expenses (maintenance, capex, utilities, taxes, etc), plus the cost of finishing the basement.
Lisa Dawson
Indianapolis wants all Landlords to register
18 June 2014 | 7 replies
I could go on, of course.Since you will, presumably, agree to comply and move forward if subject to these requirements, consider this: what's bad is good."
Chris Guthrie
Did I upgrade my first house too much to rent it out?
9 February 2015 | 19 replies
Or do you think an upgraded first time buyer home is worth it in terms of better rents and (presumably) higher quality tenants?
Michael B.
legal ??? buy real estate from family member and sell at loss
25 January 2015 | 6 replies
Bad idea, but just a couple of observations.If you "buy it now" you won't inherit it, you already own it.Your parents will pay tax on a minimum "imputed" interest.If you don't pay the full mtg. when you sell it, presumably after your parents' death, the "forgiven" amount of the loan will be ordinary income.Dream up something else.
Hamid Taba
Buying an income property in Kansas City
12 January 2017 | 28 replies
Account Closed I'm presuming that you're referring to the property on 8400 E. 104th St.
Steve Rozenberg
Using Non Licensed People in Your Property.
10 November 2015 | 13 replies
That seems to be a more reasonalbe, and presumably more effective way to get things done than simply licensing!
Levi T.
Why you need an LLC on your properties.
7 June 2017 | 17 replies
You were in the right, so presumably, you would have won either way.
Carlos Zappatos
Apt. Renting or Duplex/Condo Owning? Here's my situation
3 January 2018 | 4 replies
My plan would be to live in one side and [hopefully] have a tenant rent the other side and cover my mortgage, and if/when I move out one day (presumably 5+ years), I will rent the other unit out as well.
Ariel Salvaro
Economist & Hard Money Lender - Wahoowa from Charlottesville, VA!
6 May 2017 | 8 replies
I presume that the loan terms are a bit higher than the hard money lender as the risk is a bit higher.