Travis Zurawski
Seller Financing Structure
BP members!! Advice is needed!
I am a new investor with one property under my belt already, but I am looking to obtain a new property through creative financing options. I want to approach the owner of the home with...
John Hawkins
1st Time Buyer: Help with Negotiation after Inspection
Hey Everybody!
My wife and I had our offer accepted on our first investment property. It is a duplex in a great part of town that is nearly turnkey. Our offer was $15,000 over asking. The inspections came back earl...
John Chace
How do you decide when to refinance?
I bought my first house (owner occupied 3 family) last year and starting to wonder if I should refinance it since I bought it using an FHA loan with 3 percent down-payment. Per Zillow it is estimated to be worth an ad...
Sabrina Baldwin
How to Reduce High Water Bill at Apartment Complex
I have an 8 unit apartment building and currently the water, sewer and trash is included in residents' rent. Each unit is a 2 bdrm and the rents range from $540-$575. The water is billed based upon usage and it contin...
Tom Fidrych
Appraisal using actual SF versus permitted SF
Where I live in California, it is not uncommon for homes to have unpermitted additions. This is primarily due to the slow and cumbersome permit process and high permit fees. During the 2006 bubble, appraisers used the...
Nat C.
Tips on asking for and getting discount or credit from seller
I submitted an offer on a foreclosure at 1K above asking price. The property looked like it required virtually no work.After my offer was accepted I found out it required substantial work. It has an illegal addition w...
Julio Gonzalez
Cost Segregation on RV Park
If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of approximate...
Matt Said
Implications of exiting a 1031 Exchange
Does anyone know the high level implications of undoing a 1031 exchange? Obviously the tax implication one is a big one. If the property is sold at a loss, can you unwind a 1031 to off set the gain on the sale of in...
Bennet Sebastian
Personal guarantees from limited partners
So I just got turned down for a construction loan from a local community bank for a spec medical office project that I am planning to build. I have the site under contract and all of the numbers work. I have a several...
Ingrid Nagy
My tenant wants to negotiate
In 20+ years this is my first request for a rent reduction and an educated one at that. Thoughts??
Good Afternoon Ingred,
I pray that all is well. In light of the recent a...