Sam Faas
Essentials for move out day
Hi again everyone,I have a tenant moving out in a few days and wanted to make sure I got all the essentials for move out day down. I will be there physically to collect the keys. Please let me know if there is anyth...
Karina Gomes
refinancing a conventional loan to an LLC
Hi, I have an apartment in Virginia I used to live in before being relocated for my previous job to Miami. I now rent that place and lose about $150 a month. I am 13yrs into my 30-year loan at a 6% rate. I want to t...
Scott Roelofs
Cost Segregation: A Necessity for Every Real Estate Purchase
Most property owners have barely heard of cost segregation, and those who have think of cost segregation as a tax issue. Now forgive me for burying the lead, but for this specific article I will lay out a long-term be...
Maria A A.
Calculating Net Proceeds needed to buy replacement property
Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exch...
Tricia O'Brien
California - Rent "paid" when electronic transfer initiated vs Landlord gets $$ ?
Hello BP folks! My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. This is 2 day...
Isaac Isaacson
Renter wants to Buy Rental House
How do I play this correctly to maximize price? The house was not on the market; however my property manager informed me that my renters (pre-aproved, good credit, etc) are interested in buying it. I said I would co...
Michael Lear
Tank Sweep Company Missed Oil Tank
Hi Everyone,I purchased a property to flip about a year ago. Prior to purchase, as is customary in NJ, I had a tank sweep company come investigate the property. They indicated that there were no oil tanks on the pro...
Melissa Lenhardt
Never put utilities in their own name
Hello,
This is out first time renting out our home and after our tenants moved in they never put the utilities in their own name and I am still being charged for them. I plan on sending out a certified lette...
Bennie Leija
Some Appraisals are unqualified and do evaluate properly
I am a builder investor out of the Houston area. We went out and pulled two appraisals, one by me and didn’t share in the beginning because I didn’t want my appraisal to be bias. The clients bank (buyer) went out and ...
Account Closed
How does everyone calculate ARV???
Hi Everyone -I've been calculating ARV for quite some time and wanted to get the community's perspective on it. Specifically:If you don't find true comps (similar house with similar beds, bath, SF etc. etc.) do you st...