James Farrel
How to treat Vehicle Mileage prior to Unit Available for Rent
I file Schedule E and purchased a property last year. How do I treat the following vehicle mileage accrued before the unit became "available for rent." Does some of it get added as additional basis in property? I...
Kirsten Ostby
Commercial tenant security deposit transfer with purchase of bldg
I'm under contract to purchase a commercial building with two tenant spaces, one of which my new startup business will occupy (a strength training gym), and the other space has a tenant in place. I'm not working with ...
Jeremiah Fennell
Are All Closing Attorneys Created Equal.
Whether the closing is connected to a commercial or residential property?Whether or not I am doing a 1031 exchange or hard money lending?
Daniel Loane
Purchase agreement defines seller to cover closing cost - what does it mean?
Hi BiggerPockets Community!I have a purchase agreement with below terms. My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and ...
Account Closed
Bidding at a Foreclosure Auction Sale at the Court House Steps
Bidding at Foreclosure Auction can be profitable ---- you need to know what to expect if your are just starting.1) What due diligence should be performed prier to the auction? (as much as you can, comps, look at the p...
Jonathan Dickerson
Back Rent Collection From Vacated Tenants
Short version: 4 adults (family) rent our Townhouse on a 3-year lease. "Bob-The Son" gets hooked on heroin, vacates the property, returns to steal everyone else's stuff to pawn for drugs, gets arrested and goes to jai...
Zain B.
Attorney Review comments regarding title company charges
Hi BP Nation, I am looking for some advise on who pays for title company charges in the state of NJ. I am the buyer of a property in NJ and have a property under contract. The standard Realtor contract that my agent p...
Carly M.
Title Co. Removed Rents and deposits on seller request.
Hello!
I just purchased a property and after closing the title company said they removed the rents for the upcoming month of November (Closed on Nov. 5) at the seller's request. The seller, whom I know, said their 10...
Michael Medeiros
What to pay a realtor on a private sale
What do people pay a realtor on a private sale (I found the property with direct mail) to handle the closing process, home inspection, etc...?
He also provided me with a CMA and contractor name
Jochy Perez
Question regarding outstanding tax and condo liens
All, Have a property to purchase, however, it has a tax lien and condo HOA lien at the moment. Is it possible to write up a PS stipulating these expenses will be paid at closing or do these need to be settled first be...