Account Closed
Do you have employees or contractors???
I have seen a dramatic increase in the number of audits of both state and federal agencies around the use of contractors. Be aware that it is not uncommon for the IRS to pick returns that are three years old to audit...
Keegan Darby
Workaround for 3% down payment
We are selling a home to a buyer who has qualified for the loan (FHA) but doesn’t have the required 3% down payment.
Apparently the only work around is that they have a gift of the 3% from a family member to then cl...
Tommy Cliff
Mold Problems
I recently discovered mold in one of the rooms in my house had come back, and it's worse than before. I have been doing more research into DIY mold removal, and most people advise using a bleach and water solution. I ...
Brian Gibbons
MHI SAFE Act comment letter filed with HUD March 1st
I thought I'd pass this along to the members of BP...
MHI filed the following comment letter today regarding HUD’s proposed rule on the SAFE Act.
The deadline for comments is this Friday, March 5th. Please fell fr...
Alberto Fernandez
Government shutdown implications
Will the government shutdown affect section 8 rent payment or lease renewals in illinois (CHA or HACC). Appreciate any insight or perspective regarding this potential issue. Thanks
Michael Carbonare
Sometimes It's Better To Be Lucky Than Smart, Or How I Made $30K On My First Deal
30 years ago I closed on my first real estate deal. It was a foreclosure, owned by the Resolution Trust Corporation. The RTC was a federal agency created in 1989 to resolve the Savings and Loan Crisis of the 1980s, wh...
David Zuniga
Sheriff in Texas owns property in different county.
I came across a property that is owned by a sheriff's department in a different county. The property does not come up in the auction. Has anyone dealt with the purchase of a property outside of the sheriff auction? Wh...
Jeannette Birnbach
Is it best to buy near where you live?
I plan to purchase my first multi-family property (2-4 units) before the end of the year. I live in Woodinville WA, and my research has led me to Tacoma or Lynnwood as being the best areas to find the right property....
Andres Perez
Business credit
Hi, I've been doing some research and was wondering if anyone out there has used business credit to purchase new properties and then refinance to pay the card off after the seasoning period? It seems like a great idea...
Leon Stevens
Business Credit
I am setting up a new LLC. Is there anywhere I can establish a business line of credit without out of pocket expenses?