Manoj N.
Renting to a person who is likely to file for bankruptcy
I have an applicant - a nice family - who applied for my house. Their business went bankrupt in 2007 (filed for a bankruptcy then) and their second business also went into debt due to non-payment from clients 2013. C...
Blake Hrabal
Loan on property n build out
Hey BP. I'm out in Colorado. Wondering a few things about buying land and building on it. When looking to build a home on land do you have to own the land prior to the build? If so is it two separate loans one for the...
Tanner Trokey
Doesnt it make since to have an inspection before a contract is signed?
I understand there are contingencies in a contract regarding the inspection period that give the buyer the option to opt out if there is something unexpected that comes up in the inspection. Also the contract gives yo...
Andrew Barrett
Purchase agreement for Wholesaling
I'm new to real estate for investment purposes so, I am looking for the proper agreement to use to execute a wholesale deal. I also have heard there are clauses to add to the agreement but I don't know what is ironcl...
Jason Kahan
Cost Segregation effect on Standard Deduction
Hi, I make less than $100k from my w2 job and did a cost segregation study on my property. My understanding is that I can deduct up to $25k from my w2 income. Does that mean I can’t take the standard deduction?
Joan Peer
Creating terms for a volume investor.....
I am a realtor.
I am looking for suggestions on terms for a volume investor. I want to protect my team and add value to the investor. I understand that the standard commissions on a normal deal do not apply here ho...
Jerald Sander
Rental start up property tax
Purchased a house in 2019 but the rehab / start-up carried into 2020 before being ready to rent. I understand most of what I've read about capitalizing start-up expenses and the $5000 rule. I read somewhere, can't f...
Amber H.
Real Estate Lawyers to Look Over Contracts & Understand Investing
Hi all, it's been a minute!I'm looking for a good but moderately priced real estate lawyer to get into contact with. Preferably someone that you, yourself, would vouch for. Someone who would understand contracts and b...
Michael Norris
302k property and funds designated for repairs
In brainstorming about purchasing a 302k property, how much out of the gate should be budgeted for repairs? I would still budget in 10% for capital expenditures, but for this question I am only interested in repairs f...
Ryan H.
Unfulfilled Loan Contingency
I need some help understanding the "unfulfilled loan contingency" in the standard Arizona Purchase Contract (section 2c). If I'm not satisfied with the terms (interest rates, etc.) that I'm receiving from lenders, is...