Francheska Portuondo
First Flip - Pulling permits as owner of property!
Hi All! I have an investor that just purchased their first flip using a contractor that is adamant about not pulling permits for the job. I am encouraging this investor to get permits pulled as he is the owner of the ...
Ed Walker
Purchasing a home with an IRA investment Account
Good Day BP,I am looking to get a bit of advice to assist my client the best way possible. I am a realtor here in VA and I have a client that is currently living in NY that is working on purchasing a home down here to...
Michael M.
unlicensed electrician in NYC - permit job
Called several electricians to do a service change at my house (add a meter and separate basement and first floor circuits) - a job that requires pulling a permit with DOB.Each time I ask for proof of license, electri...
Roshan T.
GC asking me to pull permits
Why would a licensed general contractor ask a home owner to pull their own permits?I'm curious why they are pushing this burden on the home owner, and if I pull my own permits what are my responsibilities and liabilit...
N/A N/A
Need a Credit Report / Screening Agency - Help!
Can anyone recommend a good screening agency that I can go through to pull credit reports on potential tenants? I only have one rental unit (in the other floor of the duplex that I own and reside in) so I don't have a...
Ryan Duphorn
Is my loan origination charges high or normal for this current market?
$269,800 loan. Loan origination charges are $4,670 (origination fee) and $1055 (underwriting fee). My loan is a 5% down owner occupied conventional loan at 7.5% interest. At first glance, this seemed high to me but I'...
Brandon Morgan
payment methods for tenants
Hi all i just recently bought my first rental property and finally have it all rented out! i was wondering what other people use for payment methods. I been using cash app and zelle that art connected to my business c...
Connor Loutsch
Renting out My House
I would like to rent out my current house that I am living in this coming spring. I have owned the house for 4 years. I owe 168,000 on it and I had it appraised this summer for 205,000. My questions are:Should I refin...
Brian Stone
Real Estate Math
What does all this mean to a wholesaler?
Asking Price: $30,000
Amount Owed: $5,000 (taxes)
Repairs: $10,000
After Repaired Value: $70,000
Max Offer: $32,000 ($42,000 (60%) – $10,000)
I pulled this off flippingjunkie...
Bola A.
Closing cost and financing
how do I shop around for financing without everyone pulling my credit? What is average closing costs look like? Thank you BP.