Account Closed
My trip to Birmingham! Not to shabby!
So me and the wife just completed our trip to Birmingham and thought we would share our experience and thoughts.
Birmingham is a small city but you would never guess from the way it is spread out. The terrain is bea...
Mark Manship
Polybutylene Pipes and Conventional Financing
During an inspections of a potential SFR this morning, it was discovered (and afterwards confirmed by the seller) that the entirety of the plumbing is polybutylene; to make matters worse, there are two known leaks bel...
Johnny Situ
Tax benefit for primary residence in SC
Hi BP folks,
I am planning to transfer part of the ownership of a rental property in SC under my parent's name, so that they could live there and be able to claim it as their primary residence. My question is, if th...
Frank Gade
HELP! 1st deal, guess not
My wife and I were scheduled to close on our first long term rental today, we have literally signed all the paperwork and then our title company goes to check that we have sent the closing costs to the bank to ensure ...
Jake Waslaski
Should I sell the property under 1031 or not?
Okay I have a little over 200k in equity on my first rental house. I plan to use the equity to jump into a larger complex. I have looked up and studied 1031 exchanges for a while now knowing I’ll be selling when th...
Leslie Schwab
Apartment building plumbing nightmare
I am under contract for a 12 family that has older plumbing stacks. We did our inspections yesterday and all the stacks are bad (cracked to various degrees). This owner is not willing to lower the price so I will be...
Martin Saenz
Fannie Mae to jettison 11,000 non-performing loans
https://www.housingwire.com/articles/43373-fannie-...Very good article. Appears there may be a turnaround with inventory coming down the road granted the trickle down may take a while!
Trevor Deeter
Is it LEGAL in PA to be an Agent & Wholesaler?
I am an agent in PA. My wife is not. We are about to get involved in wholesaling/wholetailing, and I wanted to make sure I'm doing it within the legal parameters in our home state. We will likely get an LLC for our wh...
Brandon Phillips
Primary to Rental 1031 Exchange
My condo is my primary residence. I have lived in it for one year. If I wanted to 1031 exchange it it needs to be an investment property. If i move out and say live with my sister, and rent out my condo to tenants, ho...
Duke Nguyen
Deposit from tenant to property management company
Hi everyone, quick question about the deposit funds from a tenant who wants to rent a of the property I owned.First time I am dealing with a property manager. She told me that she is asking for a one month rent depo...