Abrahim Alderwish
Wholesaling A Property
When wholesaling a property who actually needs to be a the closing table. Do all three parties have to be there on closing day? How exactly does the closing work and how does everyone get paid. Another thing is what i...
Ying B.
Eviction & Garnishment (Complete list of doc to ensure success)
I have a tenant who did not pay Sept rent and lease ends at end of Oct. I requested my PM to file eviction from 9/12-9/23 but PM did not comply. So I filed the Dispossessory myself on 9/26. I have requested the PM ...
Scott Schultz
Reverse Mortgage Sheriff Sale
I was the successful bidder on a Sheriff Sale for $48K, value around $100K the foreclosing entity is Carrington Mortgage, its a federally insured Reverse mortgage, and they record the originating mortgage, and FHA rec...
David Hajdu
Rookie real estate agent: how can I negotiate repairs/seller credit during escrow?
Hi Everyone, I’ve got my first buyer and I need advice on how to negotiate repairs or seller credits with the seller. We offered list price for a property after a large price reduction. It is sold “as is”, and we are...
David Beard
Rental Property Tax Questions
OK, tax pros, please answer these scenarios for a buy-and-hold investor that materially participates in their rental activities:
1) You draw down on your personal residence HELOC to finance a rental property. You d...
Austin Hall
First Deal - Tax ID Question
I am buying a piece of property located in Georgia from a seller in Florida who inherited the property from her ex-husband. The property is held under the name of a legal entity called "CCC Associates." However, she d...
Asem AbuAwad
Insurance on my first Rental
Hi BP Family,I am trying to see what kind of insurance I can have on my first rental home(my primary). I called my insurance company hoping to just insure the outside of the house(to lower my monthly payment) but they...
Jason Delaney
General Liability Insurance for House-flipping LLC
My wife and I are flipping houses in the Pittsburgh area, and have set up an LLC for this. We also are required to register the LLC with the Attorney General's Office as a Home Improvement Contractor in order to meet ...
Carlos O.
Sole Proprietorship in MO
Hello all,I'm currently trying to find out if I need to register a sole proprietorship in MO and what kinds of costs that entails. I'm currently looking to purchase my first property. Everything is going under my name...
Trace P.
If Possession is later then Closing, what happens in between?
Hi everyone,I'm currently in a contract where the seller needs the cash fast to close on his new home, hence he sets the closing date to be on xx Nov which is before the closing date of his new home. However, his new ...