Nic Bernal
Lender has been dragging since November. Seller is pulling out.
Hi, I began my house purchasing process with SEFCU, a local bank in Albany, NY. I was going through the SONYMA program, and my LO was supposedly experienced and versed in the program. This is a program that is low dow...
Jonathan Taylor
Is Zero money down a smart move?
Hi Folks,I'd love some feedback as I'm going through the motions for my first property and I'm not sure the best route to take.I'm involved in a loan program that, if I wanted to, could put ZERO money down on a multif...
Elizabeth M.
Bank Fraud and Foreclosure - any other victims? Advice?
Our Historic Wash Park Renovation Investment was sure to make us an easy profit. It's a beautiful 2 story on the park. We used a bank for a construction loan we had used before. But, when the budget was mysteriously d...
Ben Hudnall
Calculating Cash Flow - Am I missing something?
Hey all, first real post here.I have been looking at units with my broker and trying to analyse every property I can get specs on. The majority of them look similar to the following:Number of doors: 2Total Rent per mo...
Elizabeth Njuguna
To walk or not on turnkey
Hello! I recently had some inspections done on a turnkey property and got some less than stellar findings back . The biggest item being a Sewerline needing to be replaced . Purchase price for home is $88000, it apprai...
Chris Little
Advise on tax return for RE investor and Realtor
Looking for some advice on finishing my 2020 tax return.
Here is the situation:
In 2020 I became a realtor and also acquired an investment property. 2 different activities that need to be reflected on my tax retur...
Joshua Bailey
1st rental property showing a 35.75% CoC return.
Applied for a heloc today to start getting into my 1st investment property. The one I am looking at shows a CoC return of 35.75%. Its been on the market for 2 years, not sure why. I'm looking at it in a few days. The ...
David Huynh
Minnesota
Hey BP,I need some assistance from locals and others on a possible deal in Brooklyn Park, MN.First, I'd like to state what type of investor so you can better understand my background and goals. B&H multifamily in ...
Dan Taylor
Repaint wood siding or cover with Vinyl?
First Post here. Let me start by saying thank you to all of you for offering your time and sharing your experiences on this forum. I'm happy to be a member and look forward to building solid mutually beneficial relati...
Mary Ann Casey
Insufficient Rent Payment
I have a tenant who has paid insufficient rental payments for a few months in a row (rather than the $1,900 rental payment due, he pays $1,800). The remaining and late $100 is paid very late in the month. For the...