Rocky V.
HELP!!! Trust agreement is lost and title company will not close
I purchased 2 properties via Sub2 back in 2010 from another investor. He assigned the Beneficial Interest in a Land Trust (current deed holder) to me as well as a POA and other docs. Mortgage stayed in his name. We...
Benjamin Cowles
Agent says my offer isn't "worth the paper"
not that I disagree, but he's offered to work with me so I'm making offers. So I'm just curious how much "paper" is involved in making an offer? I figured none necessarily, that one could verbally communicate it. Is t...
Mike Yerardi
Distributions for a REIT
Hello, I'm trying to figure out How to figure out what quarterly distributions would be for a REIT. I'm new to this so working on a model. How would I calculate this figure/what info do I need for this? Thanks in adv...
Jaclyn Garet
Can a new contractor take over our old one's permit?
We found a contractor who submitted our plans to Philadelphia L&I for a permit. After 21 day review, the permit is ready for pick-up and initial inspection, but things have gone bad with this contractor on another...
Tim Matthews
Hard Money Loan process
Hello, I am preparing to purchase my first property to BRRRR. I will be using a hard money loan to purchase and rehab the property. What is the process of acquiring a hard money loan? Do I need to already have a prope...
Joe J.
Amended returns resulting from miscalculating property basis
I've been filing my tax return through H&R block software for a long time now. I purchased a rental back in the middle of 2012 and have just now realized that my property basis I inputted into the H&R block s...
Kevin Allen
Does seller have to disclose their home address? (Pennsylvania)
In selling a property, does seller have to state their home address or is a Post Office box address accepted? In this case buyer was asked for a home address and submitted it; seller has only stated a PO Box. This i...
Ruben Vega
Shady Agent or is it just me?
While out riding around the neighborhood I wanted to invest in I ran into an open house and met with the agent. The house was overpriced (she even said it that day) I decided to try and network, she was nice enough to...
Tim Lin
Tenant won't pay security deposit despite damages
Hi everyone,
A tenant is moving out and I noticed some damages such as dented/chipped door frame, possibly happened when he moved his furnitures in. I brought this up and he casually brushed it off saying something a...
Pandu Chimata
2nd home loan by FHA
I own a house and its currently on conventional load and it's on my sole. My wife is not part of the loan.I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.I would like to use the...