Alexander F Pollock
Assuming a mortgage
What are the pros and cons of assuming a mortgage? Looking at a house that was flipped 3 years ago, owners are divorcing and looking to sell. Thought offering them some cash to assume the mortgage to me might be a coo...
Edgar Hall
ESA in a Primary Resident House Hack
Hey! I have been successfully renting out 3 rooms in my single family home while living in the unfinished basement for a little over two years now. I have only had to change over tenants one time and each three rooms ...
Greg Ghunt
Fannie Mae Homepath Foreclosure - problem with deed description
My closing attorney wants to walk away from this Fannie Mae Foreclosure property, get my deposit back and forget it. Essentially, the deed does not describe the property boundaries, but rather refers to a lot number o...
Will H.
Transferring a non-performing note
Hello BP,I currently own a non-performing note under a LLC, I would like to transfer my NPN to a different LLC. Can someone please tell me on how to begin this process? Thank you.
Mary Jay
What is your criteria to know when its too much work for a rental
Do you guys have a criteria when you feel like its too much work for a future rental?For instance, there is a fourplex , built in 1910. It needs new roof (10-12K), new windows (not sure how much, may be 5-10K), electr...
Sandy G.
Non-paying Holdover Tenants
We have tenants that signed a renewal notice back in October agreeing to a rent increase and continue their tenancy. Current rental agreement was set to terminate on November 30. New rental agreement was prepared an...
Maria Araneta
Partnerships and advice
Looking for general advice or insight. I am looking into buying my first property. In order to do this I have a partner who is seasoning/gifting 40k for a down payment, and I will be the one to take out the mortgage. ...
Troy Michaels
Wholesaling and Tax Preparation
Got a quick question about wholesaling and taxes. When wholesaling, are you issued a 1099 or anything from the hud 1 form or do you just make sure that you take care of the taxes on your own according to how you are s...
Mike Cordrey
How to deduct repair expenses
Hello,
I purchased a house last month that I plan on using as a rental. I am currently doing an interior remodel, new kitchen, new bathroom, paint, doors, etc. preparing the house for rent. Do I have to have a renter ...
Griff Whalen
Help analyzing RV Park Deal
Hi BP fam,I’m looking at my first potential RV park deal and I would really love some feedback on how the numbers look to any more experienced investors in this space. Some details:Asking: $650k cash. Open to seller f...