Demetrius Davis
3-Flat or 4-Flat Zoning Discrepancy
I have what was presented to me as a 4-unit under contract in Chicago. The appraiser commented that it is a “legal 4-unit building” on the appraisal. The Cook County Assessor lists it as a 4-unit as well. The seller r...
Mike Romano
Using hard money to flip a house and then make it my primary residence?
Hello,Is it possible to use hard money to flip a house and then make it my primary residence? I have my primary home which I'm planning to stay maybe for a year, I'm exploring the possibilities of how I can achieve t...
Terri-Leigh H.
Deal of a lifetime - Bought from ailing elderly neighbor
Investment Info:
Single-family residence buy & hold investment in Cape Coral.
Purchase price: $60,000
Cash invested: $60,000
2/2 across from canal in desirable neighborhood - Bought from health f...
Kevin Carter
Can a RE agent join MLS without joining boards or NAR
In Florida, can a newly licensed RE agent (not a Realtor and not yet working for a broker) join MLS independently or do they have to join a local board or the NAR first?Thank You
Michael A.
PM doing lawn care without asking
I own a duplex in Ohio with one unit occupied. I’m remodeling the empty unit so I can get it rented out soon. My property management team charges me 8% monthly and I like them better than the other ones that charge 10...
Don Konipol
Actual Questions I’ve Been Asked by Borrowers/Brokers
Actual Questions I’ve Been Asked by Borrowers/Brokers
1. My client is worth over a billion dollars. How quickly can you make him a $25,000 loan?
2. Do you lend 150% of appraised value?
3. How much down payment do I...
Amanda Hinote
Determining STR status
If renting out rooms for varying lengths of time, but each is billed weekly, would this constitute a STR? (Does IRS care how long each individual stayed in the room or just that the agreement and payment was weekly?) ...
Guillermo Nadal
Good CRM for 1 person doing 5 deals a month
Im looking for a good CRM. I signed up with Resimpli but I cant deal with a company that I cant call and ask question to a human person. Im no very computer technology savy. IM doing 5 to 6 deals a month. Im 1 prerson...
Conner Olsen
Pros/Cons of Medium-Term Rentals
Here's a list of my pros and cons of medium-term rentals as compared to traditional LTR. This list is based on my own personal experience of running a monthly rental in Austin, TX.Cons:1. More turnover - My average st...
Isaiah Miller
Cash Flow or Location?
For the past few days I've been weighting out the pros and cons of two properties. Property (A) is a triplex that could use some TLC on the interior and exterior and in a D class neighborhood of the city. Within the l...