Clayton Smith
New Purchase Loan based on appraisal not purchase
I came across a few turnkey single families that are for sale under market value. Is there a lender that will loan based on the appraisal of the property and not the purchase price? They look great except I don't want...
Anthony Conrad
Capital Expenditure offsets income
If my capital expenditures on a rental property exceed my rental income, can I use those expenses to offset W2 income or does it only offset passive income? I just got my first rental property rented and I’m trying t...
Paige Arias
Hard Tenants - Rental Inspection
Hi there, I'm being put as the manager for my parent's rental property for a various array of reasons. I've always suggested that they needed to have inspections, as these tenants are doing their best to shred this pr...
Sean Dezoysa
Title search when doing an LLC transfer instead of real property
Owner quitclaims property into an LLC. You then buy LLC. I believe this completely avoids the need for a title company -- other than seeing what is on title. Does anyone have suggestions on how to have a title search ...
John D.
Cash vs. finance on buy and hold
Hello all,I am looking to purchase my first buy and hold property in the Orlando area and was hoping to get some opinions/advice. I am searching in the 130K to 150K range and I have the ability to pay cash. Does it ma...
Michael Coco
What's a good rate right now for conventional mortgage 30 yr?
I have an approval letter for a conventional 30 year mortgage for an investment property with 15 percent down. I feel like it's a little high, though I know rates are high right now. I'm looking for some comparisons. ...
Kevin Reinell
How to get a HELOC on an investment property?
Looking to take out a HELOC on my current duplex rental, the problem is I can’t find a bank to do a HELOC for a rental property. Is there any banks that do this, what are my options? Thanks!
Mark Miles
Avoiding transfer tax with transfer to LLC
I know a lot of people write on here about transferring title to an LLC after closing. I'm curious - is everyone paying the transfer tax when they do this? It's particularly onerous in Pennsylvania, which charges a tr...
Shana Kellman
Pet fee in mid term rental
Hi fellow BP friends,
Looking for advise on what to charge for a pet fee in our rental through VRBO. We don't normally accept pet's but after much thought and consideration of all risks we are making an exception f...
Padric Lynch
Length of the Owner Occupancy Requirement for the SBA Loan
I know the intent of the SBA 504 loan is for owner occupancy, but when can an owner rent to another tenant? Let's say I build a commercial building and my business occupies 60% (per SBA requirements) of the building w...