Lindsey Ambrose
Hotel/ Motel Investment
Hello! My business partner and I are considering investing in a 24 room inn/motel that is for sale in our area - this is our first property outside of apartment buildings, so I am hoping to find someone with expertise...
Nathan Gesner
What is your experience with AirBnB as a guest, not a Landlord?
Have you stayed in a few AirBnB rentals? VRBO? Have you stayed in the big city and then compared that to a place in the country near a tourist attraction? What was your experience?I've stayed in a dozen or more AirBnB...
Mike Mitchell
Cash is king
We all know cash is king. It seems as if all off-mls/motivated seller deals require a "all-cash" purchase. If i dont have all cash on hand. Is it possible to get all cash deals? Does a hard money loan count as all c...
Bryan Hancock
Designing Around Restrictive Covenant Risk When Purchasing Land
We have a purchase contract for a lot in Austin that we're planning to build a duplex on. We recently received a title commitment and Schedule B shows an exception for some restrictive covenants from 1948. These wer...
William Byers
Buying a note - Deal or Dud?
Seeking advice from more experienced note buyers. I've been offered a 1st position, non-performing mortgage that has the following status:
There's a second of +/-50k. Home value is about $53k. I rea...
Crystal W.
Earnest Money Dispute
Hi, All. We are currently in an Earnest Money dispute. We were set to close on a vacation/investment property and at the 12th hour (literally 2 weeks prior to us thinking we were to close), our lender said the prope...
Mike Berlay
Tired of NY and want to move and start small. I think UT or CO, share your ideas.
I have been living in NYC since 2006 when I came to US. All this time my plan was to start a business and invest profits in real estate. This year I have closed my first business with some financial loss, but educatio...
Michael Mignogno
Who is responsible for destruction to property, the PM or Owner
Hello Everyone, Recently in one of my STR homes, the tenants cause major destruction to the property. It looks like they rented it for 2 days and went wild. Holes in walls, broken bathtubs, smoking weeds in the hous...
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Bryan Pham
Questions with buying homes on Auction.com
Hi BP,I am interested with buying properties on auction.com. Does anyone know how this process would work? Let's say that I successfully buy a house on auction.com, would I need to reach out to an agent to finish clos...