Matthew Orton
Michigan SEV Calculations
I have an opportunity to buy a student housing property that was sold a few years ago for $8M, at a reduced price of ~$5M due to Covid and a few other issues. The property has an SEV close to 50% of the original $8M p...
Jeffrey Trudeau
Power of Attorney to sign closing documents
I am currently in the process of purchasing an 8 plex in the Kansas City MO area, with two business partners. One of them is my brother. My brother & I live in Boston MA. I work in the oil & gas industry and t...
Richard Perez
Tenant that won’t leave an inherited house
My wife’s mother recently passed away and inherited her house via a lady bird deed, along with her 2 brothers. The house had 3 tenants living in it, paying rent to her mother on a hand shake deal to rent out a single ...
Edward Barnes
tax deductions on rental property
My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...
Aaron Phillips
Seeking Advice on Retaining Information from Online Kentucky Real Estate Course (NKY)
Hey BiggerPockets community,
I'm currently diving into the Online Kentucky Real Estate Course (96-hours), and I've been diligently studying each unit. So far, I've been maintaining above an 80% on the quizzes that fo...
Account Closed
Earnest Money Deposit
Hi everyone. Happy new years to all.I have a concern about earnest money. I initially intended on double closing on a property however my B-C buyer backed out of the deal. I disclosed that earnest money was nonrefunda...
Hal Cranmer
How Can I get this Tenant Out?!
Hi -
I have a triplex with a 1BR unit rented by a single guy who is away a lot working construction in other states. Recently he told two girls that they could stay in his place while he was away as long as ...
Steven N.
Advanced Seller money. Deal fell apart. He won't give it back.
Advanced Seller $3,000 pre-inspection to help w moving costs (will never happen again). Inspection came back much worse than expected. Seller and I could not agree on a new selling price. He is refusing to give back t...
Layla Steinwald
Can I be added to my moms loan?
Hi everyone and thank you in advance for your help. I live on the same property as my parents and there is a lot of equity in their home and I am trying to assist them with investing that money to increase their passi...
Tristan Thomas
203K FHA loan evaluation questions
Hello all,
I am looking to pursue a multi-family property using an FHA loan in the Bangor, ME market in the coming months. I am interested in the 203K portion of the FHA loan and was hoping you guys could share some ...