Account Closed
Where do i draw the line in saying yes after tenant screening?
Hello everyone,I have been getting great feedback so far so I decided to reach out for help again and post another question. I have screened my first tenant and after review i decided i wasn't really sure what an aver...
John Bucknum
Compensation for plumbing issue
We own an 11 unit property that has had numerous issues with sewage backups since we bought it about 3 years ago. Place was empty when we bought it and in horrendous shape due terrible tenants and awful management co...
Chris T.
At what point does a Repair become an Improvement?
After just going through my 2013 taxes and now looking ahead to 2014 I have a question about repair vs improvement in the eyes of the IRS. At what point does a repair become an improvement?
I know that if yo...
Darren Landerway
VA rehab loan - any information needed!
Hello everyone,
Im curious if anyone has heard about this new product provided by the VA that is similar to a 230k loan. Its called a VA rehabilitation loan - currently I live in the DC area and see a lot of older ho...
Alex Lumbard
Negotiating with Homepath during inspection period
I recently put in an offer on a Homepath property during the first look period and I intend to live in it. It's an OK deal, I'm not thrilled by the numbers but I like the area so I went ahead and made an offer.My ques...
Jen B.
Newbie Selling Home with Termite Damage - Advice Requested
Hi BP. I am not really a RE investor, I'm just a first time home owner and now first time home seller. I'm hoping that with the wealth of knowledge of RE on this forum, someone with more experience could give me some ...
Andrew Flower
Quickly Estimate Repair Costs
When you have found a potential deal and you are getting ready to make an offer, part of the calculation for that offer has to include the necessary repairs to either bring that property to its potential retail value ...
Will Sampson
Special Assessment Help
I bought a 1 bed condo in Panama City Beach in the beginning of 2022, it has been a profitable investment but cheap, so not a ton of cash flow. Unfortunately, the HOA is about to drop a special assessment for nearly ...
Victor Triana
Business Bank Account
I own only one rental property which was used with a VA Loan But got married and had to move out of state and I’m now renting that home. I’ve read a bunch of Real Estate books saying how important it is to have a busi...
Matt B.
financing commercial property
Hi BP members!I had arranged to buy a commercial property with a mix of seller (3 yr term), debt, and equity financing. However, as we were discussing the details in the purchase agreement, I leaned that because of th...