Orie Brown
Wholesale Closing Cost
Hey everybody, I had some questions in regards to purchasing wholesale deals and how much money you usually budget for closing costs as the investor purchasing the property from the wholesaler. Can someone explain the...
Kiran K.
HOA approval for AirBnB?
Do I have to check with HOA to see if I can use property for AirBnB rentals? I have identified a property which has 3 bd, but based on layout I'm thinking of using 1 bd/bath as STR and 2bd/2bath as LTR.
Dan Schwartz
Unearned premium on prepaid PMI
I'll skip to the "tl;dr"....
We prepaid PMI on our primary residence.
We are considering refinancing.
I've looked up HPA regulations and while it stipulates that unearned premium on prepaid PMI is refundable, I c...
Taylor Hall
Cash Out Refinance question
Confused about a cash out refi with BRRR. Does it make sense to take out a HELOC for 80K. I buy the home for 60K, rehab lets say 10-20K. Since Id own the house outright, can I or do I (does it make sense) to cash ou...
Miguel Nicholas Ochoa
Selling a lot for profit and rehab exchange
I'm selling a lot of land that is build-able and part of the lot that the home I purchased is located on. Is there any way I can negotiate with a builder to see if he/she can demo the portion of the detached garage ov...
Roger R.
Buyer can void contract?
I had a contract that was set to close on the 3/28/20, with a time is of the essence clause. COVID-19 his and the world stopped and my buyer refused to close. Because all NYS courts were shut, I couldn't enforce th...
Jack Abbott
looking to HELOC a rental but already have 2 open...
Anyone know of a bank/credit union that will HELOC a free and clear rental when I already have 2 open? 1 on my primary, and another on a different rental. my bank will only do a third HELOC if it is on a vacation pro...
Alexander V.
Charging move-out damages to tenant's CC like a hotel - legal?
Hello,
I hope never to be in this situation, but we've all heard or experienced the story of tenants who are evicted (or just leave on bad terms) and trash their unit before they move out. That's what a security depo...
Angela Hsieh
Do I need new execution?
My tenant requested 3 months stay of execution on Nov 2016.
Judge gave her one month extended stay and she had to pay me.
Yesterday is her last date and she didn't pay me and she didn't move out.
Can I use original...
Christopher Luna
House Hack Lease Option advice NYC
Hi BP family, looking to jump into the REI world by finding a lease option deal that I would house hack in order to void my housing expenses. Being relatively new to the field I am unfamiliar with the process and want...