Randy Winzeler
Tax Pro help: Benefits for Buyer of an owner financed multi-family?
New member looking for tax advice on first RE deal.Looking to offset taxable income of my current business income while investing in a rental property. Found a deal on a Duplex that owner is offering owner financing.A...
Mohammad Nur
Sagging top floor of a duplex. Potential deal breaker or not ?
I have made an offer to buy a duplex which was built in 1940s. During the inspection, the inspector pointed out the sagging of the top floor to us. Picture is linkedhttps://imgur.com/a/w5BhAXsAs you can see that it's ...
Tim Kunz
Sacramento Fastest Growing Rental Market
I'm sure people have come across these articles, just looking for others take on themSacramento Rental Market Growth1) I can't find another site to substantiate this data, I believe the Yardi Matrix is a fairly trustw...
Matthew Brown
How do I bill utilities and estimate water and sewage fees?
I am a soon-to-be new landlord and have trouble finding answers to some questions I thought would be easier. I will most likely pay for water, sewer, and general trash. Where do I find an estimate of how much water, s...
Jakob Kegel
2nd mortgage forclosure
I recently bought a property at auction where the 2nd mortgage foreclosed on it. The 1st mortgage seems to be current. I normally only buy houses where 1st mortgage is foreclosing so this is a first for me. Any sugges...
Chi Soul
Meth Lab
I currently have a property under contract that I am flipping to another investor. The day we were to sign the contract I was informed by a neighbor of the property that 3 individuals were arrested for cooking Meth i...
Kathy Petruska
Excessive funds in HOA account
I live in a small (166 homes) HOA. Originally 2000 home were planned. The developer had two builders originally ans started selling in 2006. The crash occurred and after the two builders sold the homes they had ...
Jess White
Should I sell my Single Family home or Rent it?
I have been building a new construction single family, and will be done in March. The plan was to rent it out for 1650$ once completed. All in costs are around 160-170K. Appraisal is 208k.
However, I’m now getting in...
Chris Marshall
What to do about gift taxes
I'm new to the investing world and I am getting my start because of a generous family member. They are gifting me property free and clear of any debt, and we are going to refinance the property and take on a loan to p...
Chad Reynoso
Refinance
Hi BP,I have a refinance question...Is it worth or a smart move to refinance for 1% reduction in rate while 9 years into current loan. Beginning 2017 my loan will cap out at 5% and stay fixed for the remainder of my 3...