Steve Kim
Residual Fee for commercial lease
I am purchasing a commercial property that is being managed by PM. He is charging 6 % of gross rent for managing the property.Upon reviewing the current P & L statement, I saw a fee call "residual fee", I have ne...
Robert Lindsley
Looking for loan broker
Hi there!I own a 24-unit property in Central Florida near Orlando. Most of the units are weekly rentals with the remainder being monthly.The building is financed with a private-lender at 11% and I'm looking to get re...
Cheryl M.
Buying Notes
I am trying to understand how note buying works. I was looking at a non-performing note for sale and the unpaid balance is $79,300. The property value is about $10,000 and the seller wants $2,000 for the note. Is this...
James Elden
Tax question regarding repair days living at rental property
I am aware of the rules about an owner staying at their own rental property and that if they are staying there to perform maintenance / repairs that this does not count as a "personal" day, I don't want to trigger my ...
Bobby C.
Quiet Deed Help???
Good Day All!
For my first judicial sale purchase, I believe a made a sound purchase. After the sale, my first instance was to make sure my purchase was according to all governing laws regarding the sale process. D...
Octavio Goncalves
Getting around Homepaths "first time homebuyer" requirement
Hello,I am interested in putting in an offer on a homepath property but have to wait 1 month as non-investors are given priority over investors. Anyone aware of any "loopholes" to get around this requirement?
Phillip Prokash
First time Wisconsin eviction
Hello,
I'm currently attempting my first time eviction with a tenant who is currently a couple months behind. I've served them a 5 day last month and they paid one months rent but nothing since. I'm looking at how se...
Nicholas J.
2018 goal, 1031 exchange
I’ve set a goal for 2018 to 1031 exchange one of my SFR with $100k of equity into a multi family property. I’ve asked thought a lot about it, what scares me is selling the house, and then not being able to identify a...
Stuart Udis
Dispelling the 1% Rule
Investors share various reasons for how they qualify income producing assets, but from my personal interactions and observation, the 1% rule is raised more than any other reason. In fact, I see the 1% rule relied on m...
Katharine Chartrand
how much does it cost to foreclose on a home.
If you own a note and you can't get it re-performing, how much does it cost to foreclose?