Ryan Starke
Freddie Mac CHOICERenovation loan
Hello BP! Recently I have been looking into the new Freddie Mac CHOICERenovation Loan. Its a newer loan that looks right up my alley for my future investment. Has anyone ever tried this? What are the differences betwe...
Michael V Akbar
Dumbest question on how to make an offer on a commercial property
Only a real newbie can come up with this question; So you've been evaluating and analyzing a commercial property, how do you put your offer together? I know that on the residential side the process is pretty structu...
Shane Woods
How do I approach seller/client's bank about short sale?
I have a listing that has been on the market for about 45 days now. 13 showings, no offers. We're overpriced. I know this. We're at the very bottom of what we can accept to make sure the bank loan gets paid off and...
Julio Gonzalez
Tips on How to Avoid an IRS Audit
When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
Amie D.
Property tax assessment on foreclosures
Hi all, I bought a small 2/1 SFR foreclosure for $12,900 in KY in 2009 that I renovated and is now a rental. The past several years the tax assessment has stayed at my purchase price as this area has not appreciate...
Jasmine Claye
Appraisal Question!!! Need quick response PLEASE :-)
An appraisal was recently done on a townhome for which I am currently under contract. The Appraiser listed the townhome property type as a PUD (Planned Unit Development) and now I am curious to know where the Appraise...
Trevor Schuler
Wholesale Closing, Sellers Options For Receiving Payment
When does the seller in a wholesale transaction pick the account that they want the money wired to? Is it with the closing documents or is it submitted before that. Is there any requirements if it is going to be in a ...
Deborah Frantz
Tax question on a rental property that was bought through a housing program.
The program required half of the profits from the sale be paid back into the program. A check was wired to the county at closing by the settlement company. Do I add this payment to the closing costs? The 1099-S I was ...
Green Doggie
Why Short Sales Take So Long?
Newbie question. I read a lot of people complaining that short sales take too long. Would attempting to short sale on properties that are about to foreclosure motivate lenders to move faster? I read that lenders rathe...
Nels Pederson
Was Hoping for some Current Landlord Feedback
Hi Everyone,My name is Nels. I am a recent college grad from Minnesota and am interested in exploring mobile tech startups for landlords and tenants. I wanted to post, because I was hoping I could ask for a bit of fee...