Ashley Carson
Duplex HVAC split issues
Hello everyone! Recently purchased a two story duplex. There’s 2 electric meters, but only 1 AC unit and 1 furnace. There’s only 1 thermostat in the downstairs unit. So the upstairs unit has no temperature control. W...
Amber Forkey
Insurance Coverage Requirements: RE Brokerage vs. PM Company
Looking for some general guidance in the New York insurance requirement field for opening up a new real estate brokerage. To my understanding thus far in my journey, I would need to obtain Errors and Omissions insuran...
Haile Dawud
New construction, no mortgage
Hello,I bought a small house for $35,000 last Nov (2022). The house needs to be remodeled and once it’s completed, the ARV will be $198,000 per appraisal last week. I’m using my HELOC from my first home to fund the...
Nathan A Waggoner
Real Estate liscense
I am about to buy my first home (depending on how much the loan allows) and am wondering when is the best time to get a real estate license. I am currently reading “how to invest in Real Estate” and it says I don’t ne...
Anthony Hornbeck
Yearly Cost of Holding a License?
This has probably been asked before, but I'm just curious as to what costs I can plan to incur while holding my license on a yearly basis in the state of IL.
If I were to ONLY access the MLS and not actually ...
Justin P Bailey
Pittsburgh Utilities multifamily
I'm looking at a duplex around Bethel park area. I called the utility companies and they said they could only go back a year. They couldn't find no numbers due to maybe rehabbing the property and it sitting on the mar...
Jairus Wilder
Paying off sellers mortgage balance to use seller finance
Hello, I have been talking to a gentleman who is considering selling me his property using seller finance. He does not own the property outright so I offered to pay off his renaming mortgage as my down payment then ma...
Mike Schorah
What percent of lenders would allow borrowed funds for a borrowers down payment?
I was reading that it’s not exclusively forbidden.Specifically referring to Pace Morby’s Gator Lending, for a sub to deal for instance
Mike Shah
Taxation of Pref Equity
I've been looking at a few pref equity deals and it seems like they are all promising different taxation. Some have told me that they get taxed at lower capital gains tax rates, while others have said you get a 1099-D...
James Mays
HELOC - Where to get one?
Hello BP!Any recommendations on where to apply for a HELOC? I currently have a rental Condo with 232k owed but valued at 400k+ in CA.Looking for a rehab rental properties in AR/TN and want to use a HELOC for rehab cos...