Manuel Reyes
Parent LLC (California Franchise Tax)
Hello Everyone,A partner(@Alex Royster) and I are currently educating ourselves on the RE investing business and hope to soon buy our first rental property. We are looking to invest in the Charlotte area where my part...
Ben Le Fort
Will My House Make A good Rental?
Hi All,Quick summary, my wife and I are considering the possibility of moving in the next few years and are trying to figure out if our house would make a decent rental or if we should just sell and invest the profits...
Greg Jeanfreau
House Hack Rental or Disposal Dilemma
Hello all, My wife and I are currently in an interesting situation with our investments and we are trying to come up with the best plan of action to proceed. For the last 8 years or so, we have been living in a 2/3 of...
Daeun Lee
Downpayment ready but no income
First, thank you everyone at BP, I have learned so much reading threads, listening to the podcasts from this amazing community. After doing some research, I was going to purchase a house since I am already living with...
Richelle Bryan
Closing Costs on NYC Co-Op
Hello BP,What are all the expenses related to purchasing a co-op in New York City? I know there is a down payment of course, but about what percentage of price is closing costs? And are there other expenses such as a ...
Laura Sawicki
AirBNB Fees - Total Revenue VS Fees
Hello BP Community!I'm working with a client who's interested in a home that's currently used as an airbnb. I was sent some docs as proof of rental income, but I'd like to know how accurate this is VS what airbnb fee...
Robert D.
tax deed - cook county IL
I have a questions regarding the process. Lets say that I bid on the outstanding tax and I am successful in doing so, meaning I bid close to 0% and I won, lets say the outstanding tax amount was $150 (tax for parki...
John Carbone
The Home Equity "Myth"
I hear a lot of talk about how it's different this time, and real estate prices won't be affected too much because everybody has so much "equity" in their homes. What people fail to understand is, why do they have so ...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
Deane Jaeger
How to lose money in tax liens
Purchasing OTC tax liens can be fun but here are two examples of how to lose money when a purchased tax lien is redeemed.
Mohave and Maricopa Counties in Az both charge administrative fees that must be paid by the pur...