Raj G.
Private lending First lien- mortgage property got fire
Hi, I did private lending to one of my friend , he mortgaged his investment property as first lien with me.agreement was that he will pay interest monthly, and he was almost regular on that.in July that property got ...
John Matthews
Builder's Risk Insurance vs. Homeowners
I just read this thread: http://www.biggerpockets.com/forums/95/topics/118902-builders-risk-policy and I think we're in similar situations. My HML requires builders risk. Another lender that I've been working with rec...
Jacob Lapp
How to get creative with making a 5 unit work
Hey everyone,Just bought my second multi family and things are going well!My path/plan has been as follows.Bought first house/ triplex with first time home buyer 5% down conventional by claiming residency for a year.B...
Ashley Wynn
Tax Deed Property Feedback
Looking for feedback regarding the pros and cons of a tax deed property, specifically, after the right of redemption period has elapsed. Is it treated like a regular deed? Thanks.
Account Closed
Does the house need to be unoccupied for a follow up inspection?
Extemely Important Question: Am I allowed to have a non-renter living in my house that is not yet a certified rental?I am being 100% honest in what I am about to type: I bought my grandpa's house two years ago, and l...
David Pike
Bonus accelerated depreciation on a fix and flip
Hello,I have a question related to getting accelerated depreciation. Assuming I meet the IRS guidelines for a real estate professional, can I do a cost seg and claim accelerated depreciation for a fix and flip propert...
Mark M.
Insurance
I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
Mark S.
Max Number of W-4 Allowances
What is the maximum number of allowances someone can take on their W-4? I've read articles that pretty much say between 0 and 4 depending on filing status, children, other jobs, etc. After completing a worksheet at ...
Courtney Debetaz
Title Insurance Claim Questions
Hello, Has anyone had to make a title insurance claim for an "Incomplete Title"? I recently went to sell my townhouse and a couple days before closing I was informed that I had an incomplete title. I bought a townhous...
Jason Yahner
Squatters rights
Does anyone have information on squatters rights in Texas? And ways to avoid them in the first place?