Kwok Wong
How to submit a respectful lowball offer?
Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the ...
Peyton LaBarbera
Portfolio Loan Questions
I have been looking into portfolio loans and I have a few questions that need clarifying
First off when you get a portfolio loan can you add additional properties after creating the original loan as in the future I a...
Brett Synicky
How to report 1099C from loan mod on rental
Hey BP CPA's,I'm a DIYer when it comes to taxes (please don't yell at me) and until now my taxes have been fairly straightforward. In 2014 I was able to get a loan modification on a rental and of course I got 1099'd ...
Mikhail Petrenko
Property tax reduction after foreclosure
Hi everyone!I bought a foreclosure property once. The assessed value was 200 000 and I bought it for 600k. A county assessor increased the value to 600k.Here is my question.Let`s say I am buying a property with an ass...
Kyle Vansice
Project Performance (Profit Margin) - Acquisition through Permit
Hello,Curious if anyone is tracking the difference in their proforma profit margin at deal/site acquisition through permitting? Do you tend to see a reduction in your projected profit due to delays in permitting, addi...
Brandon Sturgill
Tracking Market Indicators
Does anyone have a succinct method (or advice) for tracking relevant RE market information. I seem to be finding myself looking at multiple sources for relevant pieces of infomation. (housing starts, economic data, mo...
Cynthia Oistad
Should we reduce rent if tenants sign extended lease?
Our Anchorage-based single family home tenants' lease is up in May 2020. They have indicated they are going to save up for a down payment on a new house and would like to rent two more years. Yay! They have asked i...
Sequoia Pedersen
Is a HELOC considered Capital Invested?
When you run your numbers for calculating CoC ROI, do you consider money used from the HELOC as cash invested if you drew from a HELOC for a down payment? i.e. If I purchase a 500K house, and I draw 100K from a HELOC ...
Linda Govan
Deal Structuring for a Mix Use building
Hello BP,I am looking at a deal in Illinois where it's an owner that has 3 commercial building with residential up top and commercial storefronts at the bottom of these buildings. I really would not be interested in ...
John Reid
Should this money be taxed in an owner-financing deal?
I'm not sure if taxes will be owed on this amount of money or not. Here is some background. I work with 3 partners. Our LLC worked out an owner-financing deal with an out of state homeowner for a local property. W...