Chris Martin
NC court system - closed to most business
This post is just a simple reminder that most will consider common sense or common knowledge. But as my brother reminds me, "common sense isn't so common." As most informed investors probably already know from the cou...
Dovid Staples
Broker Gets a Loan for You?
Hi BP,I was trying to determine ownership of a property. The DOT and the LLC address pointed to a brokerage firm (and one of their brokers signed the loan). I called the person who signed the DOT at the brokerage and ...
Sean Clinnin
Real estate fund splits
Is it normal after the preferred interest rate is achieved and the property is sold that the general partners split the end profit with the limited partners for at a 50/50 split?
Ryan Swan
Multi family cost per unit or per bedroom...?
I am analyzing a potential multifamily property that has a mix of dissimilar unit types (a combination of 1 and 2 bedrooms). It's easy to compare the per unit price of two properties that all have the same unit type (...
John Lane
2 percent rule. Really- is that what people are getting ?
Why would anybody rent who could afford 2 percent of the value of the property? I can’t find any property even close
John Lee
Title prorate tax different than the seller actually own
I purchased the property in October, 2018. Title prorate the tax based on 2017 tax which was only $534.64. I checked the county appraiser, 2018 tax is $1712.76. The seller prorate me only $433.57. So am I own the cou...
Brad Brazier
FInding Deals for Investors and Receiving an Equity Stake?
For all the experienced investors out there, I'm new to Real Estate and have almost no capital to invest. However, I was a double business major in college and understand finance pretty well. Is it possible that I cou...
Jillian C.
Itemized List of Common Deductions from Security Deposit
Hi all,My husband and I are about to close on our first deal next week and are prepping all our documents to rent it out as we hope to manage the property ourselves. Do you all commonly include an 'Itemized List of Co...
Mandeep S.
Lack of clarity with regards to house hacking taxes/depreciation
Hi,
It seems this is hotly debated on the internet.
If I have a single family home and rent rooms out, are proportions of common areas allowable in calculation of depreciation and expenses?
For example,
Let's say ...
Jake Handler
Finding assumable loans
I was wondering if anyone has had any success or can share insight about the process of assuming a loan from a seller when acquiring a property. The idea makes a ton of sense for both buyer and seller; but I was wond...