Andrew Yu
How to Structure this Lease Option
Just came across this deal yesterday. The house is worth about 120K, still owes 116K, and has 29 yrs left on mortgage. Monthly PITI is around $850, can be rented for $950. As you can see, it's a low equity, low cash ...
Brook Rieman
Insurance being cancelled with tenant in place
We purchased a run down property last month for cash with intention of making it livable and renting it. There is a HUGE demand for rentals in the area and we had over 100 inquires by prospective tenants in a matter o...
John Boyd
Conventional Loans LLC's
My loan agent is telling me, that the Conventional loan that I'm getting, cannot be acquired using my LLC, is this accurate? is it true,
Melissa Roff
Snow removal insurance
Hi! My husband and I recently bought a duplex, live in one side and have rented out the other. Our attorney recommended to hire out all snow removal services. The snow removal company we were considering using is sayi...
Casey Murray
Sale of Primary Residence With over $500K in Gain
Hi BP,I have a question when you have over $500K in gain when selling your primary residence. Let's assume the big concern are the tax implications since the projected gain before the exclusion is $1.2M; see projected...
Trace Garretson
Dual Agency Scenario
Hello and thank you to anybody who helps me understand this a little better.I am currently working through an online school to get my real estate license. It has been brought to my attention that in my state of Colora...
Breanne Lancaster
Who should be responsible for the Buyer's agent fee?
I have been in contact with a local realtor in my area who has brought me a couple of deals off the MLS. We are trying to put an offer in on a duplex and in the wording on the contract it says, "the selling firm is au...
Rhonda R.
Buying a HUD property in NC
I have been reading BP for a few months now and trying to learn about real estate investing. I am beyond frustrated with dealing with real estate agents. I just placed my first bid on a HUD home and won the bid (lis...
Habbak Burs
Using Multiple Real Estate Agents
I saw a property on red fin that I was interested in getting more info on, and I am agent from red fin reached out and is sending me info on properties as they come up. I met a different local real estate agent throug...
Ravi P.
Short Sale Agent Obligation
Would anyone be able to provide some insight in regards to a Short Sale Seller Agent obligation to the bank/investor of the loan. I attempted to place an offer that would be above list price for a SFR. Not much more,...