George Genovezos
Title company screwed the pooch
Hi all,I'm at my whits end, and hoping I can get some help here. I'm in Texas and on Oct 6th, I purchased a 4plex. the title company ran their numbers for taxes based on 2016 and use that for 2017 even though the esti...
Chinmay J.
Question to Virginia (DMV) wholesalers.
Background information on this post. - I have found a property that I like, but may not want to go all the way through with rehabbing it, and would like to see if I can wholesale it. Typically, in Northern VA area, we...
Jennifer Salazar
Investment Property Funding Info needed
Hey everyone-I currently have 2 rentals that were conventional loans(since I lived in them for a year). I am working on my first deal using an "investment property loan". I have an accepted offer on a condo and I re...
Account Closed
Income restricted rentals? I don't understand.
Not talking about section 8 (I don't think) or rent control.How do these apartments that have income restrictions (can only make so much) and rent amount based on income work?
John Shoup
Average seasoning period for Commercial Loan refi.
I have slowly built a portfolio of 23 SFHs in West Florida. After obtaining a spreader loan (basically a blanket Loan) I continued to buy properties cash or hard money. When applying to add the new purchases to my...
Carl A.
Do you use a lawyer to draft purchase agreements?
I am planning to purchase my first commercial property (medical office) in SE Michigan. My real estate broker is telling me it is fine to use his standard purchase agreement, but my lawyer is saying I should have him...
Jazmin Moore
Commercial property type that qualifies for 100% private funding
I am looking to invest in real estate but I want to get 100% private funding on my first commercial property. What makes a commercial property qualify for 100% private funding?
Ameya Vasani
NorCal : Lease Preparation
Hi,
I am self managing a condo in NorCal area. I recently got to know laws in California changed a lot on Jan 1st 2020. I have ensured smoke alarms and carbon monoxide alarms are good. I want to ensure that I am in c...
Mitchell J.
CHA Accessible Housing / Exception Payment Standard
Hi all -Does anyone here have experience with accessible housing in Chicago and renting it to CHA / Section 8 tenants? I've read that these properties can qualify for up to 250% Fair Market Value (see link below) pro...
Tiprin Lujan
Net Operating Loss or Suspended Passive Loss?
Last year I had rental losses totaling -$15,727 and unemployment income of $4,500. TurboTax combined the two which resulted in an AGI of $-11,227. It indicated I took the standard deduction and put the full -$15,727 l...