Payam Sharifi
Question about Bidding on Freddie Mac REO
Ok so there was this house that just went on the market on thursday, I put the bid in on the same day at the full price they were asking for. They come back friday stating that someone else bid on the house too, and ...
Xavier Garcia
Seller tax liability on assumable mortgage
I've heard conflicting stories as to what liability the seller has in a assumable mortgage. I've heard that because the seller is relieving a debt that the IRS would see that as income for the seller. I've heard this...
Christopher Davis
Is a verbal agreement and/or addendum ever truly binding
A year ago I bought a new construction property from a builder. At the time spirits and moods were high. The house was a labor of love by the builder somewhat, according to him. In our conversations he said "Now Chris...
Christopher Lightner
Car took out fence and transformer. Responsibility to tenant?
A car went through the fence in the backyard of my rental after taking out the electric transformer for the block a couple hours ago. Several houses are without power. I'm trying to figure out what my responsibilities...
Matt Tallent
Buying an investment property requirements?
Hi all,I’m working on buying my 3rd property but first as an investment property instead of an owner occupied. I wanted to know in addition to my down payment/closing costs will I be required to show three months of m...
Liam Martin
Investment partner not holding up his end of the deal.
Hello BP,My friend and I purchased a duplex in Boston and have been house hacking for a little over a year now. When we decided to purchase this property, we had several in-depth discussions about expectations, respon...
Alana Adcock
Utilities turned on to wrong address, how to assist?
Kinda of a newbie here, only my 3rd rental. My tenants moved in over Easter weekend so I left utilities in my name until Tuesday. I confirmed all had been transfered, which they acknowledged, then proceeded to turn of...
Ruchi Patel
Laws around painting
we had a tenant for 5 year who had 3 little kids that drew all over the walls in the apartment. The house was freshly painted before they moved in. So we mentioned that they will be liable for the paint expense which ...
Michael Steele
How to combine $ for first purchase
Hello all. My significant other and I are newbie investors. Over the last 2 years we've flipped a couple houses and managed to save enough to purchase our first rental with cash. Each of us has about half in our own a...
Drew Stevenson
30k to spend
new to real estate. is there any property realistcally i can buy for 30k and rent it out and get a good ROI?
some of the areas that were mentioned before was wayne, mi, and some in stl, mo