Jon Passow
Purchaasing through an LLC
Sorry for the misspelling in the title, hit post too soon and now I can't edit the title. I've decided to go the LLC route for my REI plan and I'm a little confused on how to purchase a property THROUGH an LLC. Detail...
Tami Olsen
Financing an "As Is" Sale
We have looked at a pre-foreclosure SFH that is being "sold as-is, inspections for information only". It also says "broken glass in back, not suited for financing". NOTE: it is not listed as a pre-foreclosure on the ...
Tommy Cliff
Mold Problems
I recently discovered mold in one of the rooms in my house had come back, and it's worse than before. I have been doing more research into DIY mold removal, and most people advise using a bleach and water solution. I ...
Weis Sherdel
Should I buy in Philly?
I am looking to buy and hold a SFR in neighborhood of $60-$80K with CAP rates of 9%+. Philly interests me because it offers those numbers and it's only 2 hours drive from me (I live in DC). However, I am hearing mixe...
Milan Obradovic
Assuming Land Does Not Perk Alternate Septic System Pennsylvania
Hello BP,I am interested in a potential piece of vacant land for a future residential property. Assuming that the perk test fails, is anyone aware of alternate septic systems allowed in PA and if so their approximate ...
Troy Elston
Converting private residence to rental property
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Brian Slater
Cash Out Refi Evaluation
Hi All, I am new to BP but have had my first rental SFH since 2011. While I definitely jumped head first into this deal and make some mistakes, I did have some help with some experienced people around me. I also l...
Tim Siocheng
Section 8 corrupt inspector
I invested in a SFH property in birmingham alabama, and the property has a pending lease agreement to be signed by the tenants. The pending case is due to section 8 clearing the house. it's been 2 months and the infor...
Justin R.
FNMA Loans and Code Enforcement Liens
Alright, I need some expert input from those of you who work with Fannie and Freddie underwriting guidelines for a living.What are the rules for originating a loan on a property that has a code compliance lien on it? ...
Natalie Sologic
Options To Take Toward Tenant Who is Behind on Rent & Has Vacated
This is my first experience with a tenant who has not paid and will likely not be paying. Her lease is up 3/31/2022, but I agreed to let her end it one month early as she was struggling financially and was moving in w...