Ken Martin
Tricky Refinancing Question
Hi BP community. I currently have one apartment building that has appreciated materially. I am negotiating financing on a second property in the same market. The new lender is recommending refinancing the first proper...
Westlake John
RE investors filing taxes
What would be the best advice when it comes to showing rental income on taxes? I know showing a loss is a no go, but what else can I do to best position myself to qualify for more mortgages in the future?
Account Closed
First Cash Out Refi Deal
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
Connor O'Brien
Chicago Investors! Sagging beam contactor
Chicago InvestorsDoes anyone know of a good contractor/engineer to support a sagging beam
Alice Chau
Does anyone have any experience on sloping floor in foundation?
Hello,
I have put down an offer on a duplex in the Bay Area and did an inspection on the foundation and found that the floor was sloping due to the soil in the area. The inspector said that the fix or re-leveling wo...
Barry Alter
Tenant move out after 2 weeks because of a robbery. do i have to give back the security deposit?
I rented out one of my apartments to new tenants. after 2 weeks they had a robbery.the tenants were scared to stay in the apartment so they moved out. now they're asking back for the security deposit. what do i do am ...
William Coet
Suing Previous Tenant. Serious Damage. Cannot Rent Apartment.
Can a tenant be sued SUCCESSFULLY for loss of income if they left behind damage that requires time and money to repair and prevents the apartment from being rented to new tenants?This seems to be no different than if ...
Kenneth Biason
Garfield NJ Superfund Question
Hello everyone!
I'm currently in attorney review for a duplex in Garfield, NJ for a househack. I have recently learned about the Garfield Superfund. I am not sure how it applies to the property but if there is anyo...
Edita D.
Purchasing old houses: do you run into
Hey guys!
I am currently researching Kentucky (Louisville, Lexington, etc) market to purchase a property out of state, and I come across lots of houses that are 100 years old!!! Apart from those old houses be...
Amy Hu
Help-list says boiler intact but actually broken, lesson learned
Hi-We bought a property last year in Cleveland and did heavy rehab on it.The original listing says clearly that "boiling system intact" . Recently my contractor reported that the boiler is totally not working and need...