Joe Cassandra
Loan Modification Foreclosures about to Explode
It's weird...
I just read this post today on Marketwatch
https://www.marketwatch.com/story/heres-the-hard-truth-about-the-mortgage-markets-that-isnt-being-told-2020-04-02?mod=home-pageThe gist is that many mortgage ...
Will Wu
How to 1031 portfolio of several properties owned by multiples LLC?
If someone has 20 multi families buildings (around 100 apartments) that are currently held on several LLC's. How can he 1031 to other properties? Since those LLC's are all independent entities and each building has it...
Jarreau Jackson
Review &Feedback on Househack/ Rent by the Room Lease Agreement
Hello BP Community!
Strange request - I finished drafting a Lease Agreement (See Attached below) to rent out vacant rooms in my house and seek input on it. I'd appreciate feedback and questions for clarification. T...
Raj G.
Depreciation due to attached wall with neighbour
Hi, I am trying to buy a multifamily home in Bayonne,NJ.But this property has one wall attached to neighbor's wall.If such a home (without attached) is worth $500K then due to one wall attachmentwhat is effect on the ...
Gopichand N.
Toilet leak gone unnoticed for years because of caulking
I own a condo and my plumber found a toilet leak when recaulking ,the wax gasket never made contact with floor and there is lots of water under the toilet , not a flooding scenario , the toilet base is 100% caulked he...
Earl Burl III
Using Seller-Financed Land as Collateral to cover 20% DP for Construction Loan...?
Hello BP Family,
I am looking to acquire land in Houston for first multifamily development project. I would like to know if I can preserve some/all of my liquid capital by avoiding an all cash deal for the lot/land.
...
Clay W.
Determining Property Cost versus Land Basis
Would appreciate clarification on best determining my dwelling versus land value for depreciation:- Purchased first duplex - Early April 2018 - $369,000 - California- New Tax Assessment received assumes $143,541...
Mike Schorah
What’s the most creative strategy you’ve seen to buy a house?
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing...
Ruby Ruiz
Selling & Buying "Subject to"
Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The bes...
Kyle Mitchell
AAR vs IRR - What is your definition?
Hi everyone,When talking with other investors there seems to be a lot of confusion between the definitions of AAR vs IRR. Can everyone please share their best definitions of the two and which metric you share with yo...