Dylan Speer
Subject-To Deals Risky?
Hi everyone,
I recently got contacted by an investor who is interested in doing a "subject to" deal on a condo I own. The proposal sounds promising, and I wanted to reach out to see if anyone here has experience with...
Sandy Gabin
Tenant asking to do a walk in closet for a room
Hi BP family! So one of my tenants asked me if I can let her build a walk in closet. I told her that I would think about it. I feel like there could be a red flag. She is a very good tenant but I didn't want to say n...
Todd Magin
Transferring Equity Investment From Solo401K into Roth
How do I determine the value for tax purposes of an equity investment when transferring ownership from a Solo401K to a Roth account? If I invest $100K in an equity deal (syndicated or crowdfunded) using my Solo401K a...
Austin Freeman
Short Sale Dealing with Chase Bank
Hello BP,
We are trying to work with Chase Bank on a short sale. The existing mortgage is around $80,000 and we offered $25,000. We sent a preliminary letter of disclosure for potential short sale and are waiting to h...
Rory Calnan
Manchester, NH multifamily market
Good Afternoon, new to BP and real estate investing. Looking to buy a 3+ unit multi family in southern NH.Do you think it's a good time to buy in that market?Looks like we're headed toward a recession and prices are j...
Tyler Geisler
Lender willing to accept gift funds for an investment property?
Does anyone have a lender they recommend who is willing to work on a Short Sale deal where I would use some gift money as a portion of the down payment. The property is in KS and is less than 50 miles from my primary ...
Stacey Olson
I got my first call back in response to a yellow letter and I'm panicking :-)
Hi all,Okay, so I'm cracking up that I'm in this state of "oh crap what the heck do I do now?!"A couple of weekends ago we went out and drove a few neighborhoods, took down a few property addresses (I guess it was abo...
Philip Johnson
How do i serve a notice when half the people moved out?
3 people signed a lease. 2 of the 3 people moved out. 1 person is left at the house who lives there. I am using a process server to serve the 60 day notice, who do I serve?The tenant may have told me in writing th...
Richard Warren
Another stock market sell-off -ho hum
Seems like the markets are not exactly embracing the bailout plan. A worldwide sell-off is not a good sign.
:cool:
Joe Bob
Selling a currently rented house
I'm in Memphis and have a rental that I'd like to sell. I paid just over $100K 3years ago but think i could make $60K+ on it. My tenant just signed a 1 yr renewal in Sept. Can I can legally asked the tenant to move an...