Keith Behney
RENT TO OWN RECOMMENDATIONS
I have a newly renovated (flooring, paint and general clean up), 2006, 3/2 2500 sq ft home on 1.8 acre partially wooded lot in a rural area about 15 miles from Harrisburg, PA worth @ 229k, I'm planning on offering it...
Mike Morehead
STR purchase Hawaii
I am looking to purchase a STR in Maui but I have run into a few road blocks. I have been told a loan has to originate from the island and that you need to put 30% down payment on a purchase. Anybody have lending i...
Mike Mefferd
Monetizing Solar Panels for Apt Buildings
In continuing to think of new ways to add additional value to my apartment buildings, I wanted to get peoples thoughts on installing solar panels and finding a way to monetize this. Has anyone ever done this and had a...
Michael King
How do you back out of a deal?
Good morning everyone, I have two contracts that I've had approved by an attorney; an Offer to Purchase (with a section for subject to financing) and a Lease Option. Both forms contain exit clauses. The Offer to Pu...
David Waldy
Distressed FC - Bank won't finance due to condition. Any Options?
Hey BP Fam,We found an off-market, distressed Foreclosure that didn't sell at auction and Freddie Mac took it back. Contacted broker in charge a month ago and he did the "set-out" and initial review yesterday... Went ...
Steven Nguyen
Mobile Home Park Buying Criteria - Going Against the Grain
Hello BP Community,
It seems like most investors want all tenant owned homes, city water/sewer, and low vacancy. For the beginners starting out, would it be wise to go against the grain and target the mobile home pa...
Rob S.
Rental Property Cost Basis
Hi,I have an interesting tax problem I was hoping someone could help me understand. I think I've managed to screw myself over pretty badly, but I'm hoping there's some way to fix it!Back in 2008 I bought a house as a...
Don Spafford
Rent to own vs Lease Option vs Land Sale Contract
What is the difference between Rent to Own, Lease Option to Buy, and a Land Sale contract? If there is a difference, which is the better way to go and how have you structured your deals to make it beneficial to you as...
Account Closed
Assigning Options in Florida Illegal Without a License?
I have a question I'd like to throw out there for anybody who may know the answer.
I heard a well know real estate guru mention a few times now that you can not assign options or lease options (like a coopera...
Luis Castillo
Tax consecuence of long term lease/options.
Can someone give me a general answer to the following situation.
Let's say I buy a duplex for $100k and I give you an option to buy it for 20 years.
As option money you give me $20k. I purchase it with a 15 year ful...