James Willson
agent in Illinois won't return my earnest money, what to do??
had a commercial property under contract in February, decided not to purchase within
due diligence time period, sent him a letter.
It's been more than 2 months and no response at all!
He is one of KW realty, listed as...
Christopher Perez
What to do when the Bears come calling? CRE Of course!
Stock market investors are often so focused on growth that many do not realize how the leverage, cash flow, and tax-deferral of real estate investing can combine to produce potent returns. And when mixed with the powe...
Mehran K.
Is Investment Property Principal Paydown Considered taxable income?
Hi all,
At my family party yesterday I had a chat with my uncle who owns an apartment building and is very successful in other businesses. He told me that any principal paydown on an investment property is considered...
David Hite
Quickbook Strategies for Notes etc.
Hey everyone! I have purchased my first note, and it is about to be boarded. Once I start getting payments, I am wondering about everyone's strategy for how to track the note within my LLC's quickbooks company file....
K C
Do I need an attorney or accountant - Planning on renting my home
I am trying to determine if I need the services of a real estate lawyer or an accountant as I determine whether to sell or rent my current home. My situation, and questions, are as follows:
My wife and a I are going...
Steve Frost
probate
Hey GuysI went down my local court to get a list of recent probate. The young lady pointed me to a clip board with a load of cases. I thought sweet I will just write these bad boys down then ping a letter. But and the...
Paul Lee
Calculating DTI for owner-occupied multi-family properties?
Hey guys,
I currently owner occupy a 4-unit multi-family and I'm looking to purchase and occupy another 4-unit multi-family. I'm using Fannie Mae selling guidelines to calculate my DTI, but I'm still not sure if I am...
Thomas Watson
1st Position Foreclosure
What happens when you own a first position note that has an unpaid balance of 9K and there is a 2nd position for 40k and 3rd for 80K? Is the 1st position considered the senior lien if you file foreclosure? The home is...
Troy Norwood
Seller Held Mortgage Seller Financing
Hey BP Fam,
I'm hoping to get some input/guidance here concerning seller financing a piece of land. I am looking to seller finance a .5 acre lot.
Is it necessary to find a someone to service this mortgage. I'm look...
Susie C.
DADU build - Architect and PM-ing the Job
Looking into building a DADU. I've talked to some DADU builders that do everything from start to finish (plans, permits, excavate, foundation, etc). I am considering doing all of this myself for learning experience, ...