Hi,I am considering taking on the current loan from a buyer whose rental home is about to be foreclosed on. He declared bankruptcy about a year ago and the deal with the bank was to have the rental home rented or the...
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
Hello everyone. I'm a part time investor taking a look at Las Vegas and Henderson. Can anyone share their experience with local building authorities regarding permitting, plan review, etc? Are these handled at the cit...
Hello. I've been researching and looking for my first property in Indianapolis. I finally found a duplex with 2br/2ba. The numbers look great, it's in a C area, next to a school. I found out that the current tenants a...
It took me nearly 8 months to figure out what this so called "mortgage forgiveness debt relief act" really was and how it could benefit me. I was with my wife one day and we overheard two couples talking about it and ...
Investment Info:
Large multi-family (5+ units) fix & flip investment in Oakland.
Purchase price: $450,000
Cash invested: $1,500,000
This project involved renovating an old commercial building in ...
I'm wondering about using the rule in 26 US Code 190 to expense, instead of capitalize, costs to improve accessibility, whether it's ramps, widening doorways, etc. The code states I have to make an election to make th...
A newbie question here but I'm having trouble finding this information clearly spelled out somewhere: What exactly happens when a 2nd lien is established on a property? Does the borrower now pay two separate mortgag...
I have a private lender who is not experienced so I need to handle the footwork. They hold a 1st position mortgage on a property I own, but they are willing to move/port the mortgage to another property I own that has...
Is it mandatory for a landlord to provide door screens for sliding glass doors of a family room? Is there an NJ law of a DCA mandate that makes it compulsory? Or this is something landlord can deny to provide a tenant...