Stephen Gibson Jr
New construction timelines for financing
Hey there, I am currently in the process of buying my first property, I have an offer accepted on a new construction that is estimated to be completed in April. I have paid the earnest money and some lender fees. My c...
Ernest Partin
90k Over Asking On A Single Family????
Hello BP,Hope all is well with everyone. I am in Lynn, Ma area which is basically the Boston area. The buyer competition is beyond aggressive. I have clients who get over bided on aggressive offers. Example: (SF)Price...
Judah Hoover
Huge return of House Hacking??
History is replete with stories of heros setting out to search for nearly unattainable objects that will grant the finder with great reward. Jason and his Argonauts sought the golden fleece, King Arthur and his Knight...
Sabrina Sanchez
Mortgage Firms And Homeowners effected by Pandemic
I saw this article on Bloomberg and decided to share it and see what others thought about this. Do you believe we will be seeing a significant amount of foreclosures towards the end of the year?https://www.bloomberg.c...
Kenan Karalic
Utah Fourplex with Tenants. Good deal?
Hi, BP Folks!I recently came across a Fourplex in the West Valley City, Utah area. All four units in the complex contain two bedrooms and one bathroom. The complex was built in 1979. Owner's agent states that all unit...
Tim Vander Ploeg
Short term rental tax questions
I am purchasing a home on Houghton lake MI, and have a few questions.
Am I better off putting it in an LLC or just in my name, and do I need a specific loan or anything to maximize tax potential?
Can I write of remo...
Nick M.
Prospective tenant income verification question
Merry Christmas to everyone!
I am in the process of renting out a home and want verify the income for this couple that applied for it. My question is: am I legally allowed to do that and how do I go about it? Do I c...
Wendy Yang
Realtor lease extension fee
Our current rental house tenant with one year lease was found by a realtor who we paid 5% yearly rental income as her commission when we rented the house to the tenant. The tenant wanted to extend the lease after a ye...
Frankie Betancourt
First time doing eviction need some advice
Hello ok this is my first eviction and im a little confused Ok so i have been looking at a house right next to mine for a long time maby 1 year and it has ALWAYS been vacant and i finally won the home at a foreclosur...
Mike Campbell
Analyze my numbers please 30 units
30 units, 4 buildings, right next to each other.
10 units’ vacant, current owners are paying water and have move in specials to “sweeten the deal” their words.
All units in...