David Walkotten
Need 1.75M tomorrow to keep my Deal
What would you do...
I have had a 40-unit multi family purchase tied up in a purchase agreement since February 9 of this year. It is being financed thru Freddie Mac and we have had a ton of hiccups with property cond...
Rich Weese
NEVER let it get HARD!! Read post for more
I'm talking EMDs here, guys. Today at 11 a.m., I'll close my second multi million dollar deal in less than 2 weeks involving properties in 2 states. I had a 50K deposit on one and a 25K deposit on the other. In NEITHE...
David V.
Polyurea Garage Floor - expense or improvement
Quick question to the Tax pros out there. I am considering resurficing my rental garage floor with Plyurea and was wondering if this can be expensed or is this an improvement that needs to be depreciated? I suspect ...
Kama Ward
HUD atty not responding
What would you do? My atty. and the listing agent have been calling and emailing for two weeks. No response at all, as in answering machine. Cash sale. My atty. did the normal title work- looks ok. Our contract expi...
Sandy Metivier
Oakland MF -- how much over asking?
I assume multi-families in Oakland are going over asking, but how much over asking is expected in the current market?Looking at a property in Oakland area near Piedmont, and it's listed as a side-by-side duplex.Thanks...
Jeff Bethke
Best way to pull equity from primary residence
I have roughly $100k in equity, and a 3.375% 30-year rate. Is there a good strategy to most efficiently pull about 75k out to buy some SFH? I’m wondering is banks ever modify mortgages without a bunch of added costs. ...
Kathy Henley
Closing Approaching, Bad Tenant hasn't Vacated
March 10 is our closing date of a 4-family in St. Louis. One tenant was/is a trouble maker, violating his lease and late on his rent. Therefore, we bought on contingency that he vacate by closing. Seller agreed. Th...
Vince Ivanov
AZ remodel - cost to raise the roof
I’m looking at a house in Scottsdale but it needs some work. I’m trying to get a ballpark idea about the costs to remodel. The house is about 3400 sq, single level. One of the main issues with the house is that it has...
Dave Rav
Late fees during the pandemic
We are now 3-4 months into the COVID-19 crisis. Thankfully, all our tenants continue to pay rent. A few have been late. One in particular, has been provided an extended grace period at least 3 times during the past...
Kevin Reinell
Wholesale Process Question
Hey BP,I had a few process questions about wholesaling. I am wondering once you have property under contract at a discount from the seller, how long do you have usually to then turn around and find your cash buyer to ...