Daniel D.
Does lease agreement supersede rental appraisal?
Hello, I’m planning to rent my primary residence and purchase a new home. My lender doesn’t seem sure about my question if my signed lease agreement supersedes the rental appraisal. I’d like to ask some of the pros in...
Jack B.
Time to drop price on rental yet?
-It is priced comparable to rentals in the same area, and in better condition than some listed for the same price, much better condition.
-I have had a ton of interest, get a few emails a day, most don't qualify.
-I...
Jack Sarcia
Can anyone explain to me how I can use private money to close a 1031 exchange deal on a big multi?
Hello,I am selling my 3 unit building for 450k. I cannot get a bank loan. To my understanding (I trust someone will correct me if I am wrong) if I want to buy a bigger multi it needs to have a purchase price of 450k o...
William Coet
Will Banks Give a 30 Year Mortgage to a 70 Year Old?
Will Banks Give a 30 Year Mortgage to a 70 Year Old to purchase a single family home they will occupy?
Ron Tamber
Central Virginia Area
Hello BP members!Well I have been a member for maybe a couple of weeks now, and I have to say WOW! What a great site and its full of information. A little bit about myself. Its been a tough year and things have happen...
Rabih El-Khoury
Adding Members to an LLC: Tax & Legal Impact
Hi. If you'd to care to contribute, I'd much appreciate it. The following is an actual scenario: Partners A, B, and C create an LLC. Each partner has, say 2,000 shares. Total LLC shares = 6,000. The LLC buys a propert...
Kevin Walton
Fix and Flip Deal Closing 5/1/2024 11am (Follow the Journey)
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $190,000
Cash invested: $25,000
Bought this property using HML, total cash in is actually $87,000 including the dow...
Jonathan Balsamo
Potential three unit
Hello this is my first post I have some questions I would like to ask. The property I'm interested in has 5 tennants, they each pay $2880.00 per semester, the landlord pays all utilities, all units are rented, their l...
John Everett
Estimated Mixed-Use Value
Interested to know how to determine value of a Mixed-Use Commercial consisting of: two 3/2 rental units, 3 commercial store fronts on 50x100 lot.
5 units total. Stores combined approx 5k s.f., rentals 1k s.f....
Chris Kane
How to Acquire $1-million in One Year
So I just finished the book, How to Acquire $1-million in Real Estate Income in One Year by Tyler Hicks. It's not a book that I have ever heard recommended and I just happened to pick up at the library when I was brow...