Kalib Williams
Commercial Multifamily BRRRR
How is an apartment complex appraised after a renovation in a brrrr situation? Is the the cap rate that was originally used to buy the property how the appraiser will value the property after it has been renovated an...
Isaac Pepper
How to Handle Appraisal Discrepancy
I am currently in the process of a cash-out refi. The appraisal came back in the ballpark of what I expected. However upon reviewing it I see that the appraiser used a building sketch showing a 5'x12' "open porch". He...
Spenser Murphy
Lowering Property Taxes?
I keep finding decent multifamily properties. However, when I crunch the numbers, the taxes make the property an impractical investment. Are there tax credits or other means of lowering the property taxes? I know with...
Dave Wilson
Tax assessment strategy on short term buy and flip
Over the weekend I got an accepted offer on four properties (three MF, ones SF) for ~50% of the tax assessed value. Since they are 45-60 minutes away, I don't have a desire to hang on to them long term like the other'...
Account Closed
Close without title insurance?
Has anyone decided to do a court house closing in lieu of closing attorneys and title companies.I know you wouldn’t have any guarantee of clear title, but couldn’t that be searched myself? This would be for flipping h...
Marlon Silver
Inherited property ownership day of death?
If any CPA or someone that had similar experience could comment:The IRS understands the ownership of a property as the day of the death or the day of distribution?Question is pertaining to $250/$500k capital gain owne...
Shella Sanders
Probate taking forever
I don't know the process of probate since I havn't been through it myself but I hv wholesaled several probate house deals that always took at least 6 months to get through that process. but this time I hv a house that...
Chris Seveney
Pennsylvania inheritance Law Interpretation
For those who invest in Pennsylvania, just wanted to post a PSABelow is a link to an article but to break it down in a nutshell:If you are a lender and the borrower is deceased and you foreclose on the property, the w...
Kalimah Jenkins
Trying to save FHA deal -- HELP
Under contract in 3 days on this property. Asking price was $144,900; appraised at $144k; contract was for $150k with a seller assist of $4,500k. I am trying to save the deal but I don't want to lower my price $5k j...
George Gammon
Buy and Hold Investors Watch Out for This SCAM!
If you're a buy and hold investor you may be getting scammed...The federal reserve has kept interest rates at near zero for the past 7 years. This has created an artificial increase in purchasing power and therefore ...