Jonathan Johnson
Inherited Tenant Problem Questions:
Hello BP,I've inherited some unsavory tenants. I was mostly fine with it because all the leases were going to be up in July or sooner. HOWEVER, I was not aware about just how bad it was.Tenant 1 - wanted to talk to me...
Toben B.
What percent should closing costs be on cash out refi of $140K
Hello,
I have 3 duplexes to cash out refi on. All are worth $200K. One is free and clear, one I owe $5K and one I owe $35K.
What should closing fees, points, appraisals add up to? I am seeing $7400-$8400 in closing ...
Jonathan Tavarez
Mortgage fees review/advice for investment property
Hi all,I'm trying to purchase an investment property in Baltimore Maryland for a price of $72,000 in Baltimore Highlands. When I was playing with some of the numbers my impression was that with a down payment of 20% ...
Justin Wilson
Tax Deductions for Closing Costs
Hello,I'll be refinancing a duplex I own in a couple of months. I plan to pay the closing costs out-of-pocket so I don't have to finance them. Can I consider the closing coats a business-related expense and deduct t...
Jeff S.
Rent lands at post office on Saturday the 31st
Cash accounting when do you post yours? It won't record at the bank on Saturday not a business day thinking to post on Tuesday when business is conducted. Can probably go either year so whichever works best the way to...
Ray Eason
Prepaid Legal For Real Estate Investors
Hello and good day.Does anyone know why Prepaid legal is not a good option for Real Estate Investors who are Wholesaling/Assigning Contracts in California?I have been on the phone with 2 of their Real Estate Attorneys...
DJ Roshan
Down side to accepting a full year in Prepaid Rent from tennant?
Does anyone have a bad experience or see any reason not to accept a full year(the lease term) rent payment in advance? This single family home rental will be in AZ. Seems like a great opportunity to me! Also anyone f...
Sean Gallagher
Closing cost
I have a contract right now used to wholesale and its puts all closing cost on the seller.. Is this fair? Usually most serious investors are dealing with cash so there isn't as many closing fees compared to a lending...
Randall Jacobs
Have you ever have a tenant die?
I just found that the single tenant on the lease died about 4 months ago on my property. Any suggestions on do's and don'ts? Yes it has been verified.We contacted the next of kin stated on the lease. She prepaid for...
Geoffrey Jones
70% ARV Leaseback Option to buy agreement in Whiteplains, NY
Guys I have a really slamming deal near NYC. Property is worth 850000+. Owner wants to do a lease back agreement and will pay the lease upfront for 3 years with proceeds of sale. $136800 cash at closing! I am selling ...