A question for those who are connected with a mortgage (working as a broker or with a broker) or have received a mortgage:
How legitimate is the broker's claim (clauses from the mortgage loan commitment):1" This appr...
Hello all, this will be the first year I’m able to claim depreciation on 1 of my properties as it is a rental now. What do I need to do when filing my tax return? I like to keep it simple and see the same tax preparer...
Hi All,Hope you're having a good weekend! What are the top questions to ask insurance brokers and agents when vetting them? For my first property I ended up choosing the first agent who got back to me, without fully u...
I'm doing my first Subject-To deal and have a signed Purchase & Sale agreement. I'm opening escrow today and will be getting a warranty deed at closing.
On another forum, someone said that the lender on the prim...
Hello BP, I saw this in one of my FB groups and wanted to share this in the event you were affected - "I’ve worked as a full time licensed claims adjuster for years along with being a STR owner in Tennessee. There are...
I closed on a SFH last week. It's a small new construction. The liability on my H/O's policy is almost 4X the price of the house. Is this sufficient for general liability purposes (someone slipping and falling, etc...
Hey BP, Recently had a contractor that I've been working with for 3 months just totally ghost me. We have a signed contract with what work needs to be done and when. After he finishes work he gets paid. But we had a h...
Hey Biggerpockets Community! I have a tricky question that I cannot find any good answers for on the internet. Big fan of everything you give to our community. Here we go….So my dad signed over his estate (house an...
I have a motivated seller whose property is up for a tax sale. He claims to be the owner but he is not the owner on record with the county. He says he is a real estate broker and that he obtained a quit claim deed f...
I have a property under contract. We just found out that the title isn't clear, there are other individuals that have vested interests that total a 44% ownership. These individuals were gifted their interests around 4...