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Does the owner of a property get the excess amount over the banks bid in a foreclosure auction? When do they get it? I'm helping someone who was foreclosed who cant afford to redeem but the winning bid was quite a b...
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Hey Guys-Let me know your thoughts. 3 unit with with market rents of $2700, higher if a closet is added to on of the rooms which is now used as a double parlor which already has pocket doors in it.Units are in averag...
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Hi All,I just got my appraisal back on my latest BRRRR and it came in wayyyy higher than expected....I know, good problem to have. Now I am faced with a decision, do I sacrifice cash flow and increase my risk exposure...
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I'm doing my first flip here in Texas, and I have a pool which all of the investors that I have spoken with say to fill it in. They say it will take about two months longer to sell and I would only get about $2000 mor...
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Here's the situation:
After a direct marketing campaign, I got a call from a woman that owns two parcels of land within city limits in Southern Mississippi. The first is approximately 3 acres and has road frontage. T...
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Current SituationI have had an excellent tenant that started at my property in January 2020 and never missed a payment through the pandemic and generally has been great. In the past month or so, her new boyfriend has ...
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Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
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Hello everyone,I've been trying to figure out the answer to a question about how to come up with the amount of umbrella insurance coverage I need. I used to have $1M umbrella, but my insurance agent says I am signific...
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Hello! I’m a newbie and in the process of purchasing a side by side duplex in the twin cities area and will be owner occupying one side. When it comes time to renew the lease I would like to shift some of the responsi...
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Hey there,
I own few properties but now looking to buy my first multiunit building. I started my research in San Jose, CA where I live. I started by researching on loopnet, cariglist and talking to agents in my area....