David B.
Section 121 exclusion: date of sale for Lease Purchase agreement?
I converted my primary residence to rental in Dec 2014. In Oct 2017, the tenant agreed to purchase the home. Although I sold the home at a significant loss, I'll actually end up with a gain due to depreciation recapt...
Carley C.
Buying an Apartment Complex as a first property
Hello!
Ok so it's always been my dream to buy an apartment complex. Does anyone know if Hud offers counseling and grants to first time buyers??? I heard if you take a counseling course you're eligible for a $50k gra...
Julie I.
Being a Private Lender. What to watch out for?
I am thinking to act as a private lender for someone who is living in NY. I live in California and the property that the borrower wants to use as collateral is in Texas. I know that I would need at least a promissor...
Bens Kohl
IRS not paying rent for shutdown period?
Have you or any property managers you know heard of the Government not paying rent for the days during the shutdown period? A buddy of mine is contracted by property manager to provide daily cleaning service to sp...
Cliff Cole
Rent, Lease, Sell, Contracts
Hello
I am looking for advice on how to get all the contracts I need so I can be ready and have multiple exit strategies. I have a pro buyers contract a long with a special stipulations page I will use when I have t...
Nick Bruckner
House Hacking - Homeowner's vs Landlord's Insurance
I recently bought a SFH with mother-in-law unit. I have a renter in the MIL. We have normal homeowner's insurance on the property. I've heard that a landlord insurance policy is more expensive than homeowners insuranc...
Dena Wesley
Seller does not want to clean out property
Hello everyone,I went under contract on a mixed use property back in late June that I'm converting back to a duplex. My agent sent over an addendum to extend the closing since I'm using a rehab loan and I also had add...
Jon Quigley
Question regarding earnest money and hard money lending
Hello. Here's a basic but key question regarding the mechanics of a purchase agreement on a property needing improvements (i.e. flip). I'm new to flipping and have not built up a track record yet that could be lever...
Ryan Beasley
Buyers Agent commission on Wholesale transaction
Hey Everyone, I currently have a client that is trying to purchase a property that is under contract with a wholesaler. What I’m wondering is how is my commission paid? Does the technical owner still pay it or does th...
Mark Spidell
FHA Flip Rule - Short Term Lease
Does anyone know of any problem with renting to the buyer for a couple of months to help with the FHA 90 day flip rule issue?