Ronnice T.
Common Question Wednesday
Ever hang up the phone and think of one more question? Or worry that maybe it's a dumb question? Or maybe it's something that you never even thought about. As bookkeepers for real estate agents, here are a couple of q...
Tiffani T.
Tax on capital gain on SFH/ WA
Hi BP,
So here is the scenario: If one bought a SFH in 2012 for $190, now worth about $500. Selling this piece for $490-500. Is he/she responsible for the capital gain? Any input would be great. Thanks everyone
TM
Andy Sabo
The Big Taboo in Private Lending for Commercial Real Estate
My wife, Monalisa and I just celebrated our 24th anniversary. She is my soul mate and I could never have found a better person to spend my life with. We have truly loved and respected each other all these years and ar...
Jeff Fairchild
When will tenant get kicked out in foreclosure
I am talking to a tenant who wants to know when he will be kicked out of the house. He said today the house just had a piece of paper posted on the door giving the owner 30 day's notice. Does that mean this tenant h...
Kyle Brodwater
Opening HELOC on Primary Residence for LLC financing.
Hello Everyone! Quick question. I just spoke to Navy Federal in regards to Opening a HELOC on my primary residence. Due to my current DTI it would be hard for me to get financed on another conventional mortgage. That ...
Thomas T.
MHP Management Questions
Hi everyone. I have a somewhat unique situation where I have an opportunity to manage some parks (Washington, Oregon, California). I'm trying to wrap my head around what would be involved and whether it would be worth...
Warren A.
Knob and Tube with three breaker boxes in Little Rock Triplex
Hi , I am in closing stage of a triplex in Little Rock . It has three 100A breaker panels in the back of the home. 3rd party inspector noted knob and tube in the attic and highlighted it's risks. I've done a searc...
Sonia T.
Owner occupy/Uninsurable house - Insurance & Finance Questions
Hello,Hopefully so me of the experienced BP members can help me.Scenario: buy house for owner occupy. Inspection report indicates major deferred maintenance issues. Sellers motivated, not much equity, and not short s...
Maryann L.
Listing agreements
When I find a homeowner that is on board, we put our package together and get a listing agreement via a Realtor we bring in. The listing agreement A-B is between the Realtor and homeowner, because at the point we sub...
Account Closed
Just received $70k as a gift. What next?
Hey all I just received a gift of $70,000. I prefer to live in NYC and house hack a multifamily but its still too expensive. I was thinking of anywhere within 40-50 miles would be next reasonable option. Any suggestio...