Christopher Arter
Total newbie: Normal to trust numbers from seller?
Hey everyone,I'm a total newbie and learning everything I can. I'm currently studying for my upcoming Real Estate exam, too.Question.. as a thought exercise, I've been analyzing deals that I have no intention of buyin...
Pete Fiannaca
Inheriting Moderatley Normal Tenants in a Cash Cow...
Hey BP - Soooooo stoked to say that I just had an offer accepted on a 3-unit home this morning. The 3-units are so important to my wife and I in that, 1) it puts us past the goal we set for ourselves on Jan. 1 this ye...
Kim Wagner
What's considered "normal" repairs for SFR'S in KCMO?
Hi - I'm a new investor with my first home under contact. It's a 100-year-old home located in the urban core (64130 - Blue Hills) of Kansas City. I am purchasing it from out-of-state as a LTR. After inspection this...
Kenneth Freire
Should I get a normal renter or Airbnb?
Greetings everyone!My long-term renter of 12 years is moving Jan 31st. Recently I've been hearing a lot of about transitioning certain rental properties to short-term rentals (i.e. airbnb)I was wondering if anyone has...
Daniel Foster
Long Term Capital Gain vs Normal Income Tax
Below is a question I have asked my accountant, but haven't really been able to get an answer that I can comprehend. Generally I am trying to understand whether it makes sense to capture renovation costs at the sale ...
Martha Vielma
URGENTLY need help deciphering normal wear and tear
I lived in my rental for five years, seven months. The owner claims he had the carpet installed about one year before I moved in. This would mean it is at least six years and seven months old, possibly more. He asked ...
Aubrey Ford
Are these normal numbers on a loan disclosure?
Trying to do my first deal and I just recieved a loan disclosure that breaks my deal. With a 714 FICO, 20% down on a $65k purchase they are quoting a rate of 8.5% , adding 4.5 loan points, and a total of $8,825 in ...
Jennifer Koester
Security Deposit Normal "wear and Tear" or Damage
Hi,
My lease with my tenants is up in two months. When my tenants moved in, the house was newly painted and floored. Can I hold back from their security deposit the cost to re-paint all the scuff marks on the walls a...
Stephen Akindona
What do you normally spend on cosmetic repairs?
Hey BP, I am thinking about purchasing my first property!!! It's a 4plex with each unit renting for about 650-700.
It is in good shape, but definitely in need of some cosmetic repair.
Each unit is 2 bed...
Account Closed
Question about portfolio lending to normal 30yr refi.
There are alot of what-ifs and other things that need to happen for me to do this first, but I wanted to field this question to some experts to get thoughts on whether it even makes sense to begin with. My potential ...