Tom C
Tenants requesting advanced rent returned
Just wondering what everyone's opinion on this is. I have a mom and daughter who usually pay rent 6 months in advance, due to the fact they cannot control their spending. Well they called this morning and they have ha...
Timothy W Hanson
First Investment - 4 plex - Need Advice on FHA Financing
I really need help here to anyone that can provide insight! Here is what I was sent: It is very confusing to me! - - - - - Email from my Realtor - - - - - "Hi Tim,This lays out what it looks like to use that $7k cred...
Hugo Luna
ale Solutions relocation company
Hi BP,I have a property listed for rent in Woodland, CA and received a call from an ale Solutions agent who claims to be relocating a family that lost their home to a fire. The agent is only looking for a 9 month leas...
Chris Garrett
Conventional loan app fee
I’m doing my first buy and hold purchase for a long term rental. I’ve received my loan docs back from my (conventional) mortgage lender and he’s included a $995 loan fee. This seems a bit excessive to me. Also includ...
Angelina Grace
Do I really need a realtor? Am I missing something?
So Im about to go view a property I probably will buy all cash. The seller listed it on craig's list and they dont have an agent and neither do I. I do however have a prepaid real estate attorney that I can use. Does ...
Rachel Odumu
Looking for all things 203k in Northern Virginia
Hey everyone,I have recently been approved for a FHA 203k standard loan of 650k. I’ve found a property that I would like to rehab in the Old Town Manassas area of Northern Virginia. I am wondering a couple of things…...
Brandon Sturgill
Do You Consider a Builder's Risk Policy Entrance or Holding Cost?
Seems it has to be in place prior to closing, so I considered it an entrance cost...any opinions?
Stephen Igbeka
Approximate cost of closing fees/Worcester mass
So I went to my first loan/mortgage specialist to feel out what the fees might look on a 200k property.Basic info: Property purchase price 200,000 5% down= 10,000Loan amount 190,000Closing cost estimate = 6,600Total f...
Dan Handford
Alternative Options for Pool Phones for Multifamily Properties
One of the requirements to have a pool at a multifamily property is the accessibility of a POOL PHONE.All of our properties currently have a WIRED pool phone and we pay $40-50/month for that line that rarely ever gets...
Zhenyang Jin
Turbotax: City Transfer Tax when depreciation
Hi Real Estate Veteran,I am using turbotax to calculate depreciable basis for my rental property. After evaluating my situation, I need to add the cost of City Transfer Tax into depreciable basis. However, I don't kn...