Brian Drab
How are others calculating their charitable giving amounts?
I hold my investment properties within an LLC, which on paper, after all deductions, should take a loss each year (or close to it). I obviously can‘t give 10% of my profits.I’m curious what formula/standards others ar...
Adela Mizrachi
Getting bids before closing
Hi all,I'm new to the REI scene and I'm considering doing a flip in the near future. I have a projected budget, but I'd like to be as precise as possible. Once I have an executed contract, but before closing, is it ok...
Sophia Morris
Contingencies on an Offer
Hello fellow real estate agents,
I work full time as a real estate agent in the state of California. I hired an agent in Oregon to sell a rental property for my boyfriend and I. I have a question for you local Oregon...
Robert Olinick
Property Management Agreement - Liability Section
This post is intended to reach other property managers. I would love to get a few examples of how you structure your liability sections. I was sent this by a friend recently --"Owner hereby agrees to hold Manager harm...
Tosin Oluwatoye
Number of Units Vs Insurance Policy
Hello BPI, I was out shopping insurance quotes for a 6 unit M/F property. My Insurance agent pointed out their max for a landlord policy is 4 units and anything above that has to go commercial. Is this industry standa...
Ben Mardis
Edit* Have any buyers in Washington actually paid the broker commission?
Hi all,
I just met with a real estate broker and they let me know that in Washington the buyer is technically responsible for paying the buyers broker commission upon closing. He told me that he always gets the sel...
Dean Attali
Why do HML charge "points" and not lend 100% LTV?
I've been talking to someone I know who did a few flips over the past few years, and he mentioned he's always looking for people to fund his flips. I have some cash I want to invest so we talked about how I could pote...
Derek Sperzel
BRRRR cash-out refi hiccup
I recently began interviewing local credit unions after learning they require lower or no seasoning period, versus a traditional lender, for a cash-out refi on investment properties. The issue I am finding is that th...
Tony F.
Will escrow bond and record a subdivision map?
Pursuing a brownfield subdivision, that seller is willing to maintain the contaminated portion of the parcel through a subdivision. Seller wants me to handle the subdivision. Local municipality is on board, but wants ...
Kevin King
Do banks provide warranty deeds for REO properties?
New to real estate and REOs in particular and just wondering what form of deed banks provide with the sale of an REO property? Is it on a case-by-case basis or generally always the same for each property?