Nettles Mason
Rent Price in relation to Option Fee
ARV 99,990
PITI 600
We have a 3yr lease with option
Our Option is Loan Balance at time of Closing. (currently 90,500)
I have a tenant buyer who agreed to to put down 5k and rent for 900/mon...
Jim Adrian
covid related late rent or partial payment
What policy or procedure are you using if your tenant won't be able to make rent due to being affected by covid in this second wave? This winter will be bad.I have a tenant that informed me today Dec rent will be sh...
Zachary McDonough
Balling on a Budget... Can you relate?
Like lots of newbies, I have decided to take on wholesaling. I really would like more capital for rentals and future projects, but I understand that wholesaling is not easy.
I would really like to make an impact and...
Ryan Mitchell
Sale of home after a relative's death
My mother in-law needs a mortgage to purchase a home that belonged to a family member that passed away. Our options would be for my wife and I to get a 2nd mortgage (our primary residence is in Indiana) or to co-sign ...
Matt Hummer
Taxes related to carrying property in Philadelphia
Hello all, thanks for the help in advance. I'm trying to compute future property tax for Philadelphia properties. I've researched the internet to include the Philadelphia tax site. My research turns up two things t...
Willy Waldron
Building financing structure and developing banking relations
Hello BPI’m currently looking to develop relationships with local banks that are lending to REI in the Boston, MA area. I’m interested in investing in multifamily properties. At the moment, I don’t have anything in th...
Devin Crim
Advice on funding a relatively small rehab?
Hello all. I purchased a house in Detroit MI for a couple thousand of dollars at auction. The house is in a working class neighborhood, close to businesses and bus lines. Its quiet during the day because people are at...
Felicia Hamilton
Renting to multiple tenants that aren't related?
In the state of GA, are there any laws that govern if you can rent a house to multiple tenants that aren't related? Specifically, I'm wanting to rent out bedrooms separately to students near a local university. Each...
Raquel Baranow
Capitalizing legal fees related to realestate lawsuit
Last year I had about $60k in legal fees, which I classified as a business expense. Should I have capitalized the $60k (or a part of the $60k)? I sold the land related to the legal-fees/lawsuit and am now going to hav...
Brian Plajer
How do “notes” work related to financing
I’ve heard several podcasts that involve an investor writing a note to an investor. Curious how that works. Do you need a lawyer? Bank approval? Both? Obviously, its legally binding