Background info...I still live with my parents in Ca and I purchased an investment property April 2012 at auction. I purchased for 139,000. Eventually did a conventional loan (25%) and currently owe 90k. Similar ho...
So here is my situation. 2 1/2 years ago I found a property that I was able to do a Lease Option to Buy for a 2 year term that would automatically extend for another 2 year period if the option was not utilized. I am ...
posted 35 minutes ago So here is my situation. 2 1/2 years ago I found a property that I was able to do a Lease Option to Buy for a 2 year term that would automatically extend for another 2 year period if the option ...
I have a pending dilemma that I'm hoping someone on BP can help me with.
I have a lease option buyer (married couple) who was due to exercise their option in a couple of months. Just got a call from them stating that...
Well, both tenants (married couple) are now unemployed and claim they have no income to pay rent. The locality is a seasonal resort area, thus employment opportunities are challenging this time of year. Thoughts on ...
When you walk into a rental home that you are interested in, what attacts you to it the most? Is it the flooring? A nice kitchen? A nice bathroom? Wall color?Not sure if it's much different than what a homeowner i...
Hi,
I am working with a married couple to refi their single family rental in Tyler, TX. The husband's credit score is low and on the title. We can refi with his wife's higher credit score if she is also on the title...
I’ve heard that the federal government has set a limit of 10 mortagages per person. My question is on loophole in that limit. If someone is married would the husband be able to get 10 in his name, 10 in the spouses na...
My cousin in currently in the military, and he is deployed to the middle east. We have been talking for a long time about him preparing for retirement and he is extremely interested in investing in real estate. We hav...
I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?