Joshua D.
CAT URINE HOUSE- ADVICE?
Hey guys, Getting ready to close on what appears to be a pretty sweet deal. I have it under contract with the owner for $23,500 with a ARV of $120,000. House needs about 35k in work. However, the cat urine is BAD i...
William Donaldson
Verbal Acceptance of Offer: Owner-Financing Questions
I recently made a verbal offer to the seller of a SFH that was accepted. This is my third purchase, but the first time I will be utilizing seller-financing to acquire a property. To be perfectly honest, I expected t...
Account Closed
What activities actually matter for real estate professional status? (REPS)
Material Participation Activities:
Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.
Contractor Management: Oversee the hiring and coordination of con...
Diego Figueroa
Seller needs time to move out after closing
Hey guys, so I'm trying to figure out a way to make this deal work smoothly with the seller. The seller wants to close fast, within two weeks, but would like 30 days after closing to move everything out.So we would cl...
Ave Escobar
Nod due to Ballon date expire
What is the time line on foreclosing on a duplex in L.A. loan Ballon date is 10/01/2023 , no prior 90 notification received. Does the lender need to provide the homeowner with a 90 day notification now before filing a...
Crystal Dudley
Rental house had a water leak causing high water bill. Who pays?
I am fairly new to land-lording and this is the first time this issue has come up. In June I had two rental properties that had water leaks causing a high bill at one property ($217.00) and an extremely high bill (ove...
Tony Marcelle
Paying off mortgage balance
I have came across sellers with the intention to wholesale their properties. The sellers I have talked to had mortgages on their homes. I did not want to touch homes that had mortgages on them. The minute they said mo...
Josh Lyons
Where to put capital project savings?
When you have a stash of money for capital projects such as repairing a roof or something that will happen every five or 15 years or so, where is the best place to save that money so it is doing a little bit of work f...
Jared Sandler
Steps for using a HML
Get asked about this a lot so figured I'd share. Every HML will work somewhat differently but I will let you know the standard flow:
1) Get pre-approved with an HML - This should be free. DO NOT PAY AN APPLICATION ...
Steve J.
Why typically pays these expenses?
Hello BP!I am planning on making my first offer for a duplex which I will house hack, and am curious to hear from your experience who usually pays the following expenses (landlord or tenant). I am running my numbers, ...