Sean Rogers
How to account for a duplex on tax return
I have a friend that bought a duplex. He lives in one room. He rents the other two rooms on one side to his friends and has the other side rented out. He is saying that he can not take any portion of his house and st...
Adam Bergman
Making my first offer and need help on contengencies
Hello everyone and thank you for the help. Ok so after 2 months of reading and learning I started making moves over this last and 3rd month. Starting looking, closing my farm area, looking at auctions, making co...
Jasmine Claye
Buyer/Investor Agent
What is the average amount that someone acting as a Buyer's/Investor's agent gets paid? i.e per house.
Richard McNeal
Do I need 30% equity to qualify for financing?
I just got off the phone with a lender who said I won't be able to get (traditional) financing anywhere unless I sell my house.I have one rental property with about 10% equity. I'm currently living in a property with ...
Josh Sterling
Purchase agreement for apartment building
We have reached an agreement with the seller on the purchase of an apartment building, and are now in need of an official purchase agreement. This deal will not have a broker involved for either party, therefore we...
Patrick Butler
Conventional Loans with an LLC
I am getting my lending relationships setup, so that I can do my first Long Term Rental. While talking with a broker, he let me know that if we do a conventional loan, I will need to personally close the loan and the...
Kayla Doan
Taxes when renting and investing & women owned businesses
Hi there,First time investor here- I'm hoping the BP community can share some advice on two questions!I'm purchasing an income property with a friend/business partner, and I personally will keep renting my primary res...
Steven Peterson
Can I increase rent as number of tenants increases?
About to start renting our current home after our new home is built. We've determined that for our 4 bedroom, 2 bath house we can get around $1500 in rent in our area. We've had some college girls, referred by our b...
Jose Centeno
Allentown PA Agent Fees
Good morning all,
I’ll keep this brief. I will be looking at properties in the Allentown/Bethlehem/Easton region tomorrow. Agent claims that the total commission paid is 5% of the purchase price, and that the seller...
Jason Merchey
Can You Pre-View a Note & Mortgage?
I am going to go for my first-ever loan on a SFD. I am the kind of person who tends to like my ducks in a row. So, I am wondering about this scenario to see if it's possible: 1) I sign a contract and send it to a s...