Mike Smith
General Warranty Deed vs Probate Deed?
I am in the process of purchasing an off market home in which the owned is deceased.
We are working with the seller's probate attorney and she mentioned we would receive a "probate deed, not a general warranty deed"...
Ron K.
Policy and Procedures Manual and Forms
Having been a small landlord for a few years I am looking to tighten down my processes and procedures, I want to put together a detailed written P&P manual and create a forms database to make the process more effi...
Kendall Donnelly
How long can my boyfriend stay over before it violates my lease?
How long can my boyfriend stay over before it violates my lease?
I'm 35 weeks pregnant with our child. He lives and pays rent an hour away from me. We have no plans to live together. I just moved into my new apartm...
Patrick H.
Rental Income Impact on MAGI Question
Hello,I was wondering what is the impact of rental income on your modified adjusted gross income (MAGI)? Do you get to take all the deductions and depreciation from the rental income before it gets added in against y...
Peter Morgan
Is mortgage porting possible?
Hello,I came across an inteating article about Mortgage porting in Canada and found it very interesting. Is Mortgage porting possible here in the US? I.e Is it possible to transport my current conventional mortgage to...
Rick L.
Mutifamily Analysis - Excel Spreadsheet HELP!
Hello BP,
I'm attempting to modify J. Scott's single family rental analysis spreadsheet located in the FilePlace to be better suited for multifamilies. I've added, what I believe to be, all the pertinent cat...
Katrina Dividina
Property is seen on Zillow as SFH but in actual it is a 4 units.
What can we do, I am currently in a contract with this property, it is originally a single-family home and the owner added (3) 1 bed 1bath units at the back (without securing permits). So its a total of 4 unit propert...
Brian H.
Best success you have had with refinancing for BRRRR?
Hi all! Have you had better success with larger lenders or more "home town" banks for refinancing your BRRRRs?
Account Closed
Broker contract signed by seller
I have the Agent I want, and have finally seen a listing agreement. We were fine untll line 56 to 72. There are 5 sections re Compensation to be paid to broker, and I've asked for modification to Sections A and B, to...
Mike Hartzog
Extending an Open Ended Loan
Has anyone done an extension on an open ended loan? I am familiar with the concept, but not so much with the nuts and bolts of how to get it done. I believe there needs to be a new note and security instrument. Not...