Account Closed
Self-Directed IRA for an Investor
Hi,
I know someone who wants to lend me money from his retirement account.
I have suggested that he set up a self-directed IRA, which could then put his money into an escrow account, where he could basi...
Walter Key
We're in a "Bizarre Market"...Thoughts on a Recent Article
National Association of Realtors Chief Economist Lawrence Yun recently wrote an article stating that we're in a "Bizarre Market" in which he stated "With a strong economy and the lowest unemployment rate since 2000, m...
Harish Nandipati
Need help with plumbing
One of my units in a 6-plex in Tucson, AZ has clogged drains. The plumber tried to snake it out but he couldn’t. He tried to scope to see what’s going on but he couldn’t see. He thinks there is probably some leak or p...
John Robert Kinsella
Post Covid tourism???!
I'm having difficulty with a purchase and determing if it makes sense. The thing that worries me is what covid has done to our tourism the past two years. Below I'd the breakdown, but I'm still waiting on the financia...
Carlos Ptriawan
Are we the last generation of landlord ?
Especially @James Hamling , just read a market statistic and its mind blowing.The age of first time home buyer in California is now 49 years old, in 1980 it used to be 32 years old.In TX: 37 years old and FL is 42 ...
Craig Garrow
Possible MLO Deal - Could you help me underwrite?
Hello, all! One of my Property Management clients has expressed an interest in selling a triplex to me using a Master Lease Option to get around the bank. I just wanted to get some second opinions!
3 apartments - pr...
Tyler Myers
First purchase - update to electric heat, or see what happens?
Hi BP Community,First purchase in the works, closing June 29th! Found a 4-plex in residential area (population <3,000) about 45 minutes away.Purchase Price: $92,000 (MLS) Bank Appraisal: $99,000 (appraised "sale" v...
N/A N/A
PLEASE HELP!having a had time getting $ to rehab my property
Hi,
I have a property that needs some major work done to it. No structural stuff, but its a pretty big job. I am new to this business and I bought the house trusting my broker at the time (who has since disappeared) ...
Toni Fowler
difference b/w mobile/manufactured/modular
I know mobile homes depriciate. Is the same true for manufactured/modular homes? I did a google search and found answers from both sides so I'm looking for a little more clarification. With all the confusion with the ...
Mike Hoefling
Closing Tomorrow - Water in Basement
I am closing of a 4 unit and was notified by the list agent there is water in the basement. It has rained the past 4 days so I assume many older homes in this area would have damp basements but there was about 1/2" of...