Hi,I've heard on Biggerpockets that if I have active lease agreements: 75% of rental income would be counted towards income or that the debt service on the property would be wiped off.The lender that I normally use sa...
Hello! My duplex in north jersey is 100yrs old, and it has steam heat/radiators. The gas line isn’t split out, and unfortunately only the first floor tenant has access to the thermostat. The top floors don’t heat unle...
I need help for a family member who is living in the 1st floor of his triplex. He was falsely led to believe his second floor tenant was a decent candidate. In actuality they are involved with after hours activities...
We had a PA that initially had a 40 day inspection period. Towards the end of the period extended the due diligence by 10 days and gave the seller 2500 of the EMD as non-refundable. We cancelled PA on the 10th day pos...
the licensed electrician i hired to do a short list of repairs to my rental didn’t finish work he agreed to do and left me with a mess of trash even though i asked him not to put anything in the trash receptacle outsi...
Hey there,
I am a realtor in Florida working a USDA deal and found out it didn’t appraise. After reviewing the comps I could see why it appraised so low. Sellers will not negotiate because they know the house is wort...
Hi All, I'm going through due diligence on a property and discovered that it has two outstanding DOB violations in Cook county from 2017 and 2020 from the Original Owners ("OO") who are not the Current Sellers ("Selle...
Our tenants’ lease just renewed in May for one more year. Just after it renewed, we found out that there are two unauthorized occupants, both with misdemeanors and additional pets. We asked one of the tenants to res...
Dealing with a property that has code violations resulting from the build of an illegal addition. To remedy the issue the addition will have to be removed as the lot is small and does not pass the set back allowances ...