John Teachout
Turbotax won't offset my rental income with my multifamily syndication losses
Can't figure out why when I enter my significant syndication losses into Turbotax it won't show the losses. I have losses of about $73k and net rental income of about $69k. The turbotax tech said it's because I'm not ...
Jonathan Barr
Will the government extend periods for 1031 exchanges?
I know its of the items National Association of realtors is asking of the government. They are powerful lobby group in Washington and I feel like they could have some sway. There is also revenue procedure 2007-56,...
Dave Egan
Should this EMD have been lost to HUD?
As an investor in HUD properties, the expectation is always to lose an occasional deposit, but this time?
My cash offer was accepted with 45 days to close. 45 days later, HUD could not close. The title officer said HU...
Saman Pari
Refinance loan in foreclosure?
hi,i'm new here. Is anyone able to refinance a loan that is current but in refinance status? how would that work? Any help is appreciated. This is in Texas.Thanks,S.
Nathan Bell
HELP ! the bank cant close in time ! ! I need a miracle ! DURHAM
ok so this POS seller had a broken water main and mold in the basement. So it wasnt ready she was in breach of my 30 day due diligence. but instead of pulling out like a smart person I went for It. because I wanted th...
Nicholas Reece
Multifamily Exit Strategy and Suggestions
Thank you biggerpockets community for the instruction and support that has allowed us to be in the position to need to ask these questions. My wife and I bought an apartment building just outside of Houston with a ha...
Salvatore Lentini
Lima One Capital - customer service response
Can someone from Lima One reach out to me? I'm selling a property and you're the lender. I already agreed to one extension and that ends today. I need to decide if I should agree to another extension. You received...
Joy Y.
Buyer asked to extend inspection period
Hi all. I've got a deal where my tenant is under contract to buy the property I am leasing to them. This is not a lease-to-own, the lease is one agreement and the purchase is a completely separate deal. It just happen...
Nicole K.
Chicago multi-unit inspection period and costs
Does a 5-day inspection period seem reasonable for a 2 to 3-unit property in Chicago? This is what real estate agent is recommending, but this seems short to me. Would asking for 10 days in this market kill an offer? ...
Eric Márquez
Sellers financing/owners finance
How do you write your contracts? Do you get contracts from the title company? Do you need a real estate agent? If so, do you still pay them a commission? Do you like balloon deals if you know you have guaranteed finan...