Anyone familiar with a "burn letter"? I have a purchase in escrow. Two homes on one lot zoned sfr. Older homes one built in 1945 the other 1977. Seller financed. Question came up if the property burned down if ...

Lets define A, B, and CThere are many definitions floating around attempting to define investment properties.I like to start with the community in which the properties is located.A neighborhood = 95% homeowner or bett...

I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....

I need fast advice on what options I have. I have a commercial lot that has a small one story building that's been there for years. I was planning to rebuild in the same spot. Now someone has filed a complaint because...

One of my rentals was heavily damaged by a fire after Thanksgiving.  Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost.  The itemized damage estimate tha...

Hello BPs community, thank you in advance for any thoughts shared.
I just sold a rental property which had quite a bit of equity from appreciation and principal pay down through the years. I have it all set up for a...

Hi,I've found a property in the Indy suburbs that has fire damage.I'm looking to invest in the property, and have mostly been chatting with general contractors to get an idea of the potential costs involved in restori...

Hi,I have put together my own reirement plan that will include the little understood and much maligned reverse mortgage.  I have worked in the foreclosure industry since 1999, I also flipped then hit the crash and los...

We are looking to purchase an old home from the 50's in the Zilker area in Austin to tear it down and rebuild 2-3 homes on this large lot. My question is, in calculating comps what do I use for the comparables?  Norma...

I currently own 3 properties free and clear in Miami-Dade county. They're not in a great part of town and I rent them to section 8 tenants. However, they are all zoned RU3, even though they are currently just housing ...