Nelson Del Castillo
Buying a banked owned property with a lien
Hello my fellow investors.. I have an interesting situation with a bank owned property! I was suppose to close on November 1st, 2019, after learning that there was a $9,000 dollar lien on the property the closing was...
Raj Kamaria
Public Insurance Adjusters
Hello BP community,
Had a large fire at my complex and dealing with insurance for the first time. Getting lots of advice and input, but still a searching for the right answers. To start off, I need advice on:
1) Pub...
Matt Greenfield
AirBnB Tax Write-offs when using an STR Management Company
Hello,I see there are plenty of other posts with great information regarding tax write-offs and AirBnBs, but I am specifically asking about write-offs in conjunction with using a STR management company. Context: Curre...
Pat Noyes
Primary residence home equity use
I am looking at one of two options.
1) get a HELOC on my primary residence and use it for a 20-25% down payment on a multi family. OR
2) sell our home and use the proceeds for a) 3.5% FHA or 5% conventional down pay...
Monica Tao
Short Sale Class Note
Hi everyone, I'm new to the BP, one week to be exact. Love to share something here as everyone else did.I took a 3hr short sale class today in Long Island, NY. Just want to share some notes I took down and love to hea...
Dinesh Siwakoti
New in real estate and need your input
Hello Everyone,
I am Dinesh and I have been educating myself since on real estate sometime. I recently stumbled upon this forum and started listening to all the BP podcasts. It's been a great learning experience thus...
Festus Emore
Whats my options for business entities or is it not needed?
Hello investers!I just closed on my first multi unit apartment in Chicago, IL. Its a FHA mortgage and I will live in one and rent out the other two units. Im looking for help on Whats my options olfor business entitie...
Dyanne C.
Duplex - 40k - Underestimating repairs?
First deal, I'm sure I made some mistake, thus the post!Duplex - C Neighborhood 40k - Purchase Price - 25% Down ~10k4k - Closing6k - Roof Repair1.7k - Misc Upfront repairsMonthly Expenses/IncomeUnit #1 - $450 - Curre...
Mitesh Patel
Need help in evaluating quote
Hello,
An emergency electrical issue affected the plumbing lines too, and I am quoted the below price for repairs. I am waiting for more details on the actual problem, but this quote seems really high. I need some he...
Steve Dussault
How to borrow money to buy tax liens?
Indiana is a tax lien state with a one year redemption period at which time you are issued at tax deed if the property is not redeemed. I've been watching the tax sales and there are some houses that are acquired at ...