Carlos C.
New Tampa Fl Member
Hello all,I went to a FB training last weekend, although i knew what to expect i went because my wife and i are interested in changing our lives. No purchases made... lolWe have begun reading the UBG here and listen t...
Donnie M.
Unsecured PLOC that is cash out refinanced into conventional
I tried searching BP and google for a direct answer but could not find an answer about unsecured lines of credit. I plan on buying on 26k property using my Private Line of Credit (PLOC) from my bank and it will appra...
Tim H
30 days now increased to 60 days?
I was informed today from a renter who was living in a foreclosed home and evicted within 30 days, stated that there is a new law which allows renters of foreclosed homes to be evicted in 60 days now. Is this law in e...
John Yanko
Depreciation and owner occupancy
If a multi family is financed under the terms of owner occupancy, will the tax benefits still be in effect? Depreciation, repairs, are they the same as a non owner occupant building?
Shanai Rogers
Sacramento Foreclosure Auction
Hello! I am in Sacramento, Ca and would like to know if anyone knows what alternative measures they are taking with the foreclosures and tax deed auctions since the courthouses are now closed due to the COVID virus? A...
Bobby Valcin
Eeny, meeny, miny, moe
Over the past week, or so I've been considering moving more towards a buy and hold investment strategy by looking to purchase a duplex. My initial thoughts were to start out wholesaling since that seems to be the gene...
Adam Rasmussen
FYI for Portland, Oregon Landlords - New Annual Tax
See the following link for more info. Appears to be a $60 annual per unit fee for rentals in the city limits.
https://www.kptv.com/news/portland-passes-yearly-tax-that-landlords-will-pay-on-rentals/article_8492a28...
Stephen Gregory
Technical Question about Option Money
QUESTION: If a seller receives the option check after the 3rd day of signing the contract (The standard promulgated TREC contact) , is the buyer's option period still in effect or is terminated? In Texas, the seller m...
Bryan Weiss
Contract in LLC’s name, but deed in personal name?
Long story short, I was under contract for a lot. However, I’m not able to access the septic tank for inspection and the seller isn’t willingly to offer an assistance to access the tank or consideration to make the de...
Matthew T.
Business income loss Due to Pandemic
Received this from my insurance agent:
"To anyone experiencing a business income loss with an insurance policy in effect, due to the "Pandemic"I suggest that it would be prudent to report a "Loss of Business Income" ...