Peter D.
Rental Property with Adjacent Vacant Scenario
My wife and I recently purchased a house and rehabbed it and it is currently renting out for the same amount as the mortgage payment. When we purchased this property, it was run down and had major issues to fix and th...
Lincoln Lewis
Buying Property with Tenants Already There
Hi, We're in contract to buy our second rental property so I'm a bit green. It's a duplex with tenants in both units with existing lease agreements. How do I deal with things like late fee policies, collecting rent...
Horacio Gutierrez
"Subject To" Buyer selling the home
Hello,I was wondering can a buyer sell or refinance a home that has been "subject to" were the seller couldnt make the payments anymore. Will the lender of the seller permit the buyer to sell the home or refinance it ...
Tyler Smith
MFG Home $400k Sold for $600k
Investment Info:
Single-family residence fix & flip investment in Lakeside.
Purchase price: $398,000
Cash invested: $50,000
Sale price: $600,000
This was our first flip. I say "our" because m...
Dave S.
100% seller finance and tax deductions
I'm about to enter into a 100% seller financed loan and I'm wondering how I need to handle everything to ensure I can still write off the interest on the mortgage note and take advantage of all the other tax deductio...
Jeff Tumbarello
the FDIC had a busy Friday
http://www.fdic.gov/news/news/press/2009/pr09006.html
Bank of Clark County, Vancouver, Washington, was closed today by the Washington Department of Financial Institutions, and the Federal Deposit Insurance Corporati...
Diallo Murphy
Buy house, land or both from this motivated seller...?
Hey BP Family,I got a call from what sounds like an investor. He has a rental home on .67 acres in the Hayward, CA hills. He is in the process of subdividing the land into 5 parcels. He has a survey but has not sub...
James Pearson
Need help ASAP *CPA/Attorney* for Oklahoma based business
I am looking for someone who can help me with changing my business classification and all that entails. Also need some immediate tax work. Prefer local to North Texas and Southern Oklahoma, but I'm open. The TAX st...
Joseph Berhane
Help.... on a owner finance deal..
Ok,
I got a house a guy is looking to sell to me on a owner finance deal. He wants a down payment and low monthly payments for 5 years, after that wants the rest. None of that is an issue. We haven't met yet and I ha...
Ken Rishel
A New Danger
The Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers put out by the CSBS could put all small lenders who are financing purchases of manufactured homes out of business in states that adapt these...