Bilal A.
Security deposit and Pro rated rent
When buying a rental property, do you put a clause in the contract that collected rents will be given to the buyer at closing in a pro-rates fashion? Also, what about security deposits? Or is this part of the usual cl...
Michael Gabin
Dog Barking in Duplex; Tenant Complaining
Hello,
Have a quick question and looking for some insight. I own a side by side Duplex and am having an issue with my tenants. They are complaining that the neighbors dog is barking incessantly everyday and they can ...
Charles Granja
No property tax / Assumable debt for multi-family. How would you qualify/structure?
Hello Biggerpockets,I would like to hear your perspectives on this.I do not pay property tax in Chicago and I found that I can purchase a triplex/quadplex in Chicago or the suburbs for up to 800k. After this write-off...
Hansen Sin
About Section 8
Please help me,I have 1 tenant who is section 8 in my property which is located at Hayward, CA. And I got a notice from City Hall showing that she violated two sections. And I already took action but she didn't coope...
Rich Weese
I'm concerned about rental market. You??
I started a thread with an article about rent decreases nationwide. The replies seemed to substantiate the concern with properties taking longer to rent, and reductions in rent as well as other bennies needed to rent ...
David Rutledge
Quit claim to my wife
Hi everyone,My wife and I are looking to buy an investment in the next few months. I own a number of properties that I bought before we were married and I would like to quit claim one that we are about to sell so that...
N/A N/A
Default balance vs list price
I am looking at an REO property listed w/ an agent for 388,000. I found that the home had a 83,000 balance on the original mortgage. I'd like to make an offer but I'm not sure what offer to make. Do you think it at al...
Jerome Angeles
2 VA loans - 2 Multi Unit properties
Morning Everyone,My wife and I know its possible to have two VA loans, but we dont know if we can purchase 2 multi-family units. I know the VA has a rule that only properties up to 4 units are qualified. However is th...
Michael Fenton
Questioning the viability of the Series 65 for accredited status
Background:
I am individual living in Florida who does not work in the financial
services industry, but has a background in finance.
There
are
lots
of articles out there that discuss utilizing the Series 65 as a...
Grant Huckestein
Assumable Mortgage Question
I have a question around a house I am trying to buy on an assumable mortgage. The homeowner owes 360k on the house at a 2.7% interest rate. They have it listed on the mls for 400k. They also are behind 9k in arrears r...