Tim Kaminski
Rule of Thumb for Estimating Costs Selling?
Have never sold a property but I get offers quite a bit. Most claiming to cover closings costs/sellers cost. Is there a general rule of thumb for what to expect to pay in fees/taxes when selling a property? I have hea...
Paul Johnson
Owner signed contract now want more money
I'm in the process to purchase a 6 unit building. The owner signed the contract and i took contract to Title company with my $1,00.00 down payment. We got the estimated settlement statement and the owner wants to back...
Nick Knoblach
Partnership Investing in Joshua Tree, CA
Hello BP,Myself and two others are investing in a new construction in Joshua Tree, CA that we will be using as a STR. Two of us live in Minnesota and the third partner lives there in California. I have a couple questi...
Dan Turkel
Taxes in Springfield, Missouri
What type of taxes are typically charged on rental properties in Springfield, Missouri? Are there taxes other than a county real property tax? Is there a city tax? School tax? Anything else? I’m going to be investing ...
Justin Brin
For single home fix & flip what is the best source of funding?
For single home property fix & flip what is the best source of funding?
Account Closed
$9k for closing costs??? Lender / Broker Questions
So I'm going through escrow right now and realized I'm pretty sure I'm overpaying for the closing costs. I'm being charged $9,071 and through research, it says that it's usually $3.5-7.5k. The house was $90k. Is this ...
Julian Inoue
Conventional Loan for an Investment Property - Lender Fees
Hi BP,I have a lender question I hope you can help me with. What should I expect to pay in loan fees when acquiring a loan for an investment property? I have great credit, zero debt and this will be my first conventio...
Robert Kennedy
2018 Alabama Tax Lien law changes
On March 8th, 2018 the Alabama House of Representatives unanimously passed HB354 that MAY drastically change tax lien laws in your COUNTY. The Alabama Senate has a companion Bill (SB261) that is waiting on the call o...
Robert H.
Re-compensated legal fees classified as interest income on 1099?
I realize this question is best answered by a tax professional but since it's the busy season, so far I can't find anyone (including calling the IRS and turbo tax live) and was hoping someone can give a simple answer ...
Fred Engh
Go to jail for using public documents to contact owners?
I contacted the Okanogan County Treasurer's Office (Washington State) and asked how I would be able to obtain a list of parcels/owners that were 3 years behind on their taxes. I figure if they're not paying their taxe...