If you acquire a property through tax liens do you own the property outright? if not what other payments must be made other than property taxes and insurance?
I have a buyer that wants to owner finance a home. They have a substantial down payment and can afford monthly payments of $3K+. I have located a seller willing to owner finance their home which they own free and c...
IRS CP2000 Notice: Why Real Estate Investors Need to Think State & Federal
Quick story that could save you thousands in tax exposure...
Had an investor client who received a CP2000 notice for unreported rental i...
Good morning,I have a section 8 Tenant that is blasting music from the evening hours of 6pm to 3am on a regular basis. This is a huge disturbance to my other tenants. Because of this, I put up a sign in the hallway t...
I'm seeing that a great market to pursue is sellers who's home has been on market for 90 days or later and is eager to sell. My question is can I get a seller under contract when they are represented by a real estate ...
Hi All, So I wanted to bounce my newest idea out there to get any comments/thoughts/tips from the BP community. Current Situation: I purchased my first duplex back in June and have lived in it the last several months ...
So I inherited a squatter at closing.
He was listed as “boyfriend” of previous tenant on lease I inherited from seller.
Problem is that lease expired May 2018.
The original tenant on the lease moved out on expiration...
We’re seriously looking into our first rental property (hoping to put in an offer next week once we have financing together). It’s a duplex with rents under market value.
How do we go about raising rents to market? Do...
Hi All,Just did a walk through of a condo that is located on a land lease set to expire in 35 years. Additionally, I learned that 90% of condo owners, in this building, actually are renting out their units. It is a Cl...
Can someone explain what ratio(s) the banks are looking for when underwriting a loan on a condo (i.e. number of rentals vs. primary residences)? Where are they deriving these numbers from - public records?
Also, Is i...