Craig Cude
Unable to get owner occupancy rate for condo complex refinance
Hello BP family,I am near closing on a substantial cash-out refi with my CA condo (single unit rental). The lender is at a road block with the Fannie Mae/Freddie Mac owner occupancy requirement that at least 50% of th...
Slawek Jakubowski
K-1 loss (box 2) vs capital gain from sale of investment property
Hello everyone,I sold my investment property last year and realized a capital gain. I also invested in a syndication for which I received my first K-1, where box 2 shows a net rental real estate loss. Can I use that ...
Tahj G.
Are Property Managers Worth The Money?
I want to create passive income for myself and not have to deal that much with tenants, so I heard that property managers would be a good idea. But I've also heard that they can be quite costly.
Nick Coons
Slightly Lowering Interest Rates on BRRRR
TL;DR - Get your investment back without doing a cash-out refinance.Something occurred to me the other day when talking with my lender. This may be something that everyone knows and I'm just late to the game, but I th...
Jayde Brown
Landlord claims damage; tenant claims wear and tear..
My question is in regards to wear and tear; specifically, plumbing below the floorboards and inside the walls on a 20-year-old rental cottage. If there is leak not readily noticeable, as in occurring inside the bathro...
John Bagwell
Legal Issues Concerning Note Finding
To all Note Finders,
After carefull research on whether note finders need to be mortgage brokers you must look at the legal definition of each state's legal definition of a mortgage broker. My states defination for a ...
Brian Dombrowski
Creating a LLC for a flip in FL
I have an opportunity to take a stake in a $1M flip in Miami. It's being lead by a friend who owns a construction company there. He negotiated a good acquisition that never hit the market. His company will be doi...
Wendy L.
Is $400 Too Much to Replace Ceiling Fan & Garbage Disposal? (JAX)
New-ish investor and happily plugging along with three props in JAX. Just had someone quote me $400 plus materials to replace a sluggish ceiling fan and nonoperational garbage disposal. Seemed a bit high to me. Wha...
Miles Serman
Building Permit Process
Hello everyone, I have two properties that i am working on in Delray Beach, FL. The first property is my single-family house and another property down the street (that is a double lot). I would like to have a company...
Burt L.
What Are Your Best Practices in "Getting The Deal" When Competing With Another Investor?
I recently lost a deal to another investor as it was on the thinner side and I didn't want to get into a bidding war with the other investor. The seller said she would have rather sell to me as some things didn't add ...