Hi there,
My elderly father owns a home in an affluent part of Northern California. He purchased it in 1982, so it has a low basis (and tons of deferred maintenance). He'd like to fully retire and sell it and then to...

Have you closed one or more short sales in the last couple years?

If so, how many have you closed and what's the typical write-down you are able to get banks to accept nowadays? 15%? 50%?

I'm hearing ...

(Sorry for typo--PCR, not PUD.)I am completely inexperienced in purchasing HUD homes, never even bid on one before now.  The questions below concern a HUD-owned manufactured home in the Austin, TX area.What inspection...

A little history on the transaction - a Triplex with asking price of $235k, I offered $215k and the seller has countered with $225k.  They have been trying to sell since May 2019 and initial price started at $295k.  T...

Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...

Hi BP Community,I just got an accepted offer on a Duplex in a class C neighborhood.  After accounting for vacancy, maintenance, capex, and property management I'm looking to cashflow around $415 per month with an 18% ...

I closed on a house in another market on 12/31/2020, for which I had a home inspection done. Standard stuff. However, my insurance company called me and informed me that the roof is in such bad shape that it needs to ...

I am looking at purchasing a mobile home park from a friends father who is older. . It is run down due to his age. This is the situation there are 40 lots, he owns two of the trailers only 10 lots leased he is getting...

The tenants on one of my properties is now 8 days late on payment. Do I need to serve a notice to cease before I file eviction?  My contract states that eviction will be filed on the 14th day, the rent is 1400/m and t...

Hi quick question, went under contract for a property. They did inspection but they could not get into the attic due to the ac unit blocking it thus they couldn’t check there or check for termites… he recommended to d...