Domenico Geria
Short Term Rental - minimum operating period
I have an attached ADU at my primary residence that I have mainly used to host relatives and friends when visiting, but I'm now thinking to explore the idea to offer that as STR. I'd need to go through some approval p...
JP Smith
No Deed From Bay National Title After 50 days.
Closed on a property/wired money July 23. Bay National Title, FL. Found a buyer the day after closing, they were ready to close in 2 days. So holding costs, insurance, grass cutting, taxes on a property for 50 day...
Mahesh K.
buyout of property in partnership ... what is my new basis?
Folks,My partner and I bought a house for $150K in CA a several years back. The property is now valued at $300K. My partner wanted to sell the property or have me buy him out for $120K. So far we have about 25K in acc...
Will Guy
Advice needed - trying to buy first property inside an LLC
Hello BP,I'm running into a road block trying to purchase a rental property and taking ownership with a new LLC, while guaranteeing the loan with my W2 income.This is not something that I foresaw having an issue with ...
Account Closed
Let's Talk about Screw-ups! Part 2
Hello everyone, not long ago I was reading a BP forum about screw ups and it was both entertaining and learning. I hate to say but one of the best ways to improve one's knowledge is by learning from other people's mis...
Brian Fazekas
Title Issues
I'm going to try to make this a quick story. I was given a property because the individual just couldn't pay the taxes and was about to get sued by the city to have the home demolished. After doing a quick title se...
Adam Summers
Complex Closing on Foreclosure
I recently won an auction on a popular foreclosure auction website. The house that I won sits on two lots. The majority of the house is on the primary lot but the attached garage and part of the basement extend into...
Joseph F.
What are the annual expenses of being your own agent?
I am considering getting my real estate license. I plan to buy several properties this year and I am assuming that I will be able to get +/_ 3% of the commission by having my own license.
What expenses will ...
Joe Smith
Tax deed auction questions
Want to be sure I'm reading this correctly. A tax deed auction I'll be participating in has the following statement regarding a redemption period:
<to the auction...>>
If I'm reading that correctly, there i...
Ryan Fox
insurance requirements for hard money
I’ve been doing private lending for a while for fix and flips. I’m not sure the insurance requirements that I’m requesting from borrowers are appropriate. These are the rough numbers of a deal I’m currently underwri...