Just received this from a mortgage broker I found on Zillow “Unfortunately since you already owned a 2 family. Buying another multi will not work. You will need to have a valid reason why you are moving from a 2-famil...
Purchasing home from father-n-lawPurchase price $35,000Estimated rehab cost - $50kARV - $135kEstimated rent - $1300 monthSeller willing to take $20k at time of purchase and then the remaining $15 in 6 monthsCredit - g...
Although formally educated in real estate the "real world" is showing me something different. My question is why are 2-4 unit property prices evaluated and appraised mostly off of comps and 5 unit plus selling pri...
Hello everyone,
I am constantly getting conflicting opinions on this and would appreciate any insight as I am seeking legal advice as well (attorney recommendations are appreciated!). I have completed the process to ...
Hey guys,
I was wondering my my realtor valued my house for $350K, and I was buying the house for $350K?!? My realtor said "That's how appraisers do it" does that make any sense? How/why would an appraiser value the ...
I’m looking at buying a vacant commercial space and considering what might be the best-use tenant. Could vary from ice cream shop to small clothes retailer or office space.Is there a suggested route to go for lease ty...
Anyone here have experience with these? Pricelabs docs say they might be especially useful when 1) you are in a heavily seasonal area and have a higher-end portfolio and / or 2) have luxury properties with very small...
Hi,My tenant signed an year lease for the period 07/01/2023-06/30/2024 but gave me a lease termination notice on 07/23/2023 without moving in stating financial reasons. They want to terminate the lease on 07/31/2023.T...
When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
I had the privilege of attending one of @Ann Bellamy 's Black Diamond meetings in Worcester, MA last night. I arrived about 25 minutes into the networking portion of the event but made it nonetheless. The program they...