I’ve been working for a real estate broker in my town as a licensed agent for a few months. I’m not thrilled about the pay structure as I will not be paid commission on any purchases or sales that I work on but I can ...

How far out in the future do you allow bookings and why? I have someone now wanting to rent my place about 13 months from now. I’’m not totally comfortable with that, but it brought up a good question that I need to d...

I'm going through the closing process and my mortgage agent is giving me a quote of $750 for the appraisal. The house is 1000 sq ft on an 1/2 acre. Its priced a $102k.  Does this appraisal fee seem high. If so what ar...

Well... the things you see in this business. This was a real eye-opener for me. The house has been on the market for about a month. From the pictures, it seemed priced well and was wondering why it hasn't got a de...

Anyone familiar with a "burn letter"? I have a purchase in escrow. Two homes on one lot zoned sfr. Older homes one built in 1945 the other 1977. Seller financed. Question came up if the property burned down if ...

I have recently been asked if I'd be interested in purchasing a mobile home park for $69,900 that produces $1,900 monthly income with 5 more spots available.I have no clue where to get started and what questions to as...

I have a situation concerning land contract.The buyer paid everything except for $2,000.  We agreed verbally to settle the $2,000 at closing. The initial closing was not established since a lien had been noted by the ...

Hello BP. I am reaching out because I am in a bit of an unusual situation and need help/advice. My brother and I share and own a house in Whitehouse, TX. It is actually a Duplex. We both have lived in the home the pas...

Hello BP family, I have a question about EMD funds and proof of funds for purchase.  I'm working on buying a duplex, the owner is willing to land contract (owner finance) with 20% down 5% interest and 15 year amortiza...

My rental property's post-hurricane-damage repair costs (beyond insurance payout) resulted in large expense deductions and an unusually low taxable income.
The loan originator reviewed my 2019 taxes, and said that d...