Ian Hogan
Worcester Multi-Family Year of Data Review
The Worcester multi-family real estate market has been marked by unprecedented lows in inventory throughout the current year, dipping below 25 multi-family listings by December. While there was a marginal uptick towar...
Dan Roberts
Lead Paint?
What is the best stragety for handling a potential lead paint situation? I am just starting out and am looking at properties. Most of the houses I look at were built in the 1950s/60s. And with these houses, I have...
Mike Landry
LLC? Should I put realtor wife as member?
I am forming an LLC for wholesaling and flipping properties in Texas. My wife will have minimal activity in it other than backing up my comps and listing properties. Should I add her as a member?PROS"Business meeting...
Roger Deweese
Self manage STR through checkbook IRA?
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
Allan B.
Two simultaneous first mortgages on a property, one is foreclosing, what happens?
Consider this scenario:1. Bob is purchasing a home, and starts applying for mortgages, and is shopping around. Home purchase price is $500k.2. Two banks, namely Bank A and Bank B, offer him a first mortgage, each in...
Jeff Lubeski
Sheriff's Certificate
What exactly does it mean if you buy the right contained in a Sheriff's Deed?
If the property owner were to redeem, do you get the amount from the Sheriff's Auction?
What is involved with completing the...
Andrew Pappas
Rehab not completed but paid for-Should I take legal action?
Hello, I am a new BP member and am having a big issue with an out of state rental property. I purchased a duplex in St Louis through a turnkey provider that was pre-rehabbed. The contract included a purchase price a...
Daniel Windingstad
Prospective Tenants with no Credit Score
Hey everyone, I am going to try to be as sensitive as possible on this! I have a property in an area where a lot of applicants do not have a SSN, or speak much english. I know a little spanish so we do ok on communica...
Ayman Elmasik
Re-finance @ 80% of the appraisal value
Hello BBer's, I have a house in Houston that is taking so long to sell and the best way to handle this now -as it appears to me- is to refinance it with a lender that can do 80% cash out based on appraisal value (not ...
Kristie Buddenbaum
Capital gains exclusion for primary lost when transferring to LLC?
My husband and I own two SFH in western Kentucky; one is a rental that we’ve been working on, the other is our primary. We’re planning on moving out of state by the end of the year. We’re looking at setting up a KY ...