Gary Gristick
1031 exchange investment
Hi all, My dad owns a commercial building and is looking to purchase a beach house investment property. The commercial building is sold. Closing in a few weeks. I told him about doing a 1031 exchange. The commercial b...
Kimberlyn L Moultrie
Wholesaling OnMarket EMD and Escrow
I have a property under contract and am planning to wholesale and double close. I’m still looking for an end buyer but want to make sure I understand the process before I submit EMD.. Once I have an end buyer, their n...
Justin Igoe
Can I ask my rental applicant...
I have a women applying with 2 teenagers (under 18) listed on her application who I was about to approve when I noticed something weird. She's moving out of the current house which her ex-boyfriend owns because their ...
Markeilsha R.
Negotiating the forgiveness of a 2nd mortgage (non foreclosure)
Hello,I'm working a sub2 deal in PA where the owners are eager to move and willing to sell the property for what they owe. The property is in excellent condition (only 9yrs old), they just would like to get it off th...
Patricia Roman
When is a HOA considered a Super LIen?
I was ready about Super liens, and 20+ states the HOA foreclosures can be a Super lien and wipe out the first mortgage. Does anyone have knowledge regarding this topic? When and or how do you know if a HOA foreclosure...
Kim Book
Help with lease purchases
I am in SC I need help formulating a lease purchase. I tried to learn this on my own and I am not feeling comfortable with it. What are the contracts used etc.... What do you say to the owner? How much do you charge t...
Michael A.
Handyman or Licensed/Insured Pro?
When fixing up an almost turnkey property, how important is it to you that the contractor is licensed AND insured? Let’s say the work is limited to someone installing a new electrical outlet - something simple and qui...
Melody Kushi
LLC Business Partner and FHA Loans
Hi BP Mates,My business partner, who we share our LLC (50/50) has not used her FHA loan. She does not want to use it during our investment ventures. Does this mean, I will have to remove her from the LLC in order to n...
Account Closed
Getting A Personal Residence (4 mortgage limit)
So I'm closing on a third rental. I'm using Heloc for down payment strategy to acquire new rentals and letting renters pay it down. Currently I have one Owner Occ with roommates that I plan on moving out of when the y...
Manuel Savorelli
Turnkey Properties Appraisals
Hey board,
I'm in the process of purchasing 2 turnkey properties but the appraisals came in on the low side, like $25k below purchase price on each.
They're justifying by saying comps used were for non-improved h...