Jim Peckey
Going through Refinance on our 1st BRRRR - closing costs review?
Howdy folks,Greetings. We're wrapping up our first multi-family BRRRR project and finalizing the cash-out refinance process now. We're expecting to close next Monday and just received the closing disclosure statemen...
Karen S.
Anyone own pre-1978 property?
When I bought my property 6.5 years ago, I was a total newbie and pretty much did everything wrong. Bought when the market was still high (and interest was at 7.5%) and then shortly after, the bubble burst and my pro...
Chris B.
Declaring service animals / emotional support animals prior to signing the lease
I've converted to being a pet friendly landlord. It seems over the past few years that 75% of the applicants have pets so it makes sense to do so. Conversion of flooring to accommodate this is expensive and I charge...
Brandon Diaz
How would you do this deal?
ARV=$160,000Contract Price= $49,000Repairs= $20,000-$25,000 repairs Problem: Owners deceased with NO WILLBehind Taxes= $10,000 (Tax Sale June 1st 2017) Owes= $24,000 (Charged Off but are accepting payments to principl...
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Buying property from motivated sellers..sellers nervous about affecting income taxes, medicaid, etc???
Hey guys and gals, anyone know the laws/rules on medicaid qualifications? I have a property that a few sisters inherited, that we're close to agreeing on a price. They're nervous about receiving money that will nega...
Marshall Shen
Deal Analysis for an Illinois single family property (7 of 30)
Hi there,
I'm doing a 30-day deal analysis challenge where I analyze one deal per day. This is my 7th day :)I analyzed a deal in college town (Urbana, IL), and assume a reasonable rent, and it passed 1% rule.
Based ...
Violet Lisa
Applicant did not disclose their emotional dog
I guess my situation is a little unusual - I have a potential tenant who has filled out applications but did not disclose they have an emotional support dog until we mentioned there will be a pet deposit since there w...
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landlord's will need to prepare 1099s
Under the new legislation designed to help small businesses was a small add on that is now going to require landlords to issue 1099s to any contractor performing services like repairs over $600.
http://www.allbusines...
Jason Fraser
Finding absentee owners through title companies
are title companies a good source to get list of absentee owners and or local cash buyers?
Cole Fleishour
Tenant refusing my entrance of property due to COVID
My current tenants are both medical doctors and refuse to let me inspect my property. They say I can't enter due to state and federal regulations and their professions. I think they could be using COVID as an cover to...