Todd Hoggatt
Anyone ever used 1210 Capital for financing?
Contacted by this company, trying to determine if they are legit. Here's a link to their website: https://www.1210cap.com/ Your thoughts are appreciated.
Steven Logue
Using a vacation home more than 10% of time (depreciation)
Hello,I recently purchased a rental property and for the first partial year we used it 20 days and it rented 20 days (purchased at the end of the season). Since we used it above the threshold to be considered an inve...
Account Closed
Advice: Buying a Tenant-Occupied Home without a Home Inspection
I have a contract on two tenant-occupied homes for less than $40k in an area of a city that's less than 2 miles from an area with homes selling from $300k+. (Bistro's, Law Offices, etc.) The less than $40k contract pr...
Josiah Willis
Signing Papers Over Zoom?
Sorry if this doesn’t make sense...any critique would be greatly appreciated. Legal Precedent for Zoom:Is there legal precedent for Zoom filling the requirement of in person contact? Can agency and subsequent fiduciar...
Jai Deva
Quadruplex deal, negative equity, good cash flow
I am interested in a quad. Numbers below: Asking price 120KTotal rent: 2150/monthExpenses: P&I: 483 (5% int rate, confirmed with my lender)Insurance: 100/month (not confirmed yet)Management: 215/month (10%)Taxes: ...
James N.
Avoiding taxable gain by living in property 2 of last 5 years
Hello BP,I have a condo I lived in for about 2 1/2 years as my primary residence, then I leased it out for about 2 1/2 years. I'm looking to sell and avoid taxable gain. I'm trying to determine exactly what day I have...
Edward Kozic
Advice Need: Probate Approach!
I am attempting to venture into the world of probate leads. I am able to pull lists from the county for a simple $10 fee which gives me a first name, last name, DOD and docket number. From there I am able to research ...
Victor Tan
Judicial auction sales in chicago
Hello, just bought a property from Judicial auction sales in Cook county in Chicago. Should I hire attorney for the transaction? Should I buy insurance on the property during the judge approved the sales with transfer...
Daniel Trimbach
Do I need to give a 30 day or 60 day notice?
Hello BP! Any help would be really appreciated. I am going to sell a rental property in Marin County California...I have a tenant who is in the property and might buy the property when it is on the market. My quest...
Ed Walker
Looking to do an owner financed deal!!
Good morning/ afternoon BP family,I have an owner finance deal that I am pursuing and would like the best course of action. Here is the deal:Property has an ARV of $250,000Purchase Price is $190,000Rehab: $5,000-8,000...