Patrick Kane
Financing After Cash Purchase
I know everyone talks about lenders wanting seasoned MFH that is rented for 6-12 months before refinancing; however, are there rules of thumb for cash out financing/home equity loan on a cash purchase SFH? Looking at ...
A W
Bid price discount in North Carolina?
I am trying to bid a couple HUD properties in NC. As I am a newbie in HUD property, I wonder what is the realistic price I should bid in NC for HUD property? I read 70-90% of the listing price and it varies from regio...
Caleb Clay
Personal name financing vs LLC financing
I am not understanding the entire financing process with personal name versus LLC financing. Every bank I talk to wants to finance me with a 5/1 Arm with a 20 year am at 6% or higher interest rate for my LLC. I have m...
Account Closed
Trying to estimate sellers capital gains tax
I am trying to put together an offer with seller financing on a package of houses, think mobile home park but slab houses.I am trying to estimate the capital gains taxes the owner will encounter if a cash sale - to be...
Sheltocks M.
Should I pay the water bill to close this deal?
Hi BP Family:I'm in contract for a house in Trenton NJ. The title search shows that the water bill is outstanding for 2K and the water to the property has been turned off by the city of Trenton. The appraiser has a co...
Callie Miller
Cost basis calculation for depreciation
I have a condo unit that was converted from primary residence to rental property in January 2018. I calculated the cost basis for depreciation when I filled my 2018 tax return and thought everything was good. But now ...
William Allen Ball
Strategies to attract tenants to townhomes/ apartments
We are building 32 townhomes (8- 4plex). We have an agent on site and host open houses every Saturday. We have done a lot of advertising and marketing on social and Google ads . We know our rent rate is at the top ...
Ryan Friess
Estoppel Review Reported Incorrect Association Dues
Hi all, I'm looking for some guidance. I just closed on a new condo unit 30-days ago, and was told from the Title company the association dues are around $230. Fast forward to today, I found out that my Association du...
Dan Lam
which of these two is the better deal..
I am currently shopping for a multifamily in eastern mass and have narrowed down 2 deals that are both attractive in their own ways. I am under the gun to place an offer on property #1 and would like to get some feed...
David Eisen
Selling Dilemma in Las Vegas
I'm selling one of my rental houses in Las Vegas. Listed for 289K. Got an offer for 279K with the seller to contribute 7k to closing costs and purchase home warranty plan for $695.00. Buyer would get an FHA loan. I w...