Lisa Martin
Accessory unit rent not counted as income. What? What? What?
We have been careful to document and report all rental income to the IRS from our accessory unit attached to personal residence for the past 4 years.In our current application for investment loans our lender is tellin...
Hoa Nguyen
How to avoid DUE ON SALE when seeking owner financing?
Hey everyone! Quick questions that I am hoping someone with experience in owner financing can answer. I am seeking owner financing on a single-family deal near me. The seller is up for it, but the mortgage does have a...
Benjamin Kanevsky
electrical problem
My tenant called me last night and said that her daughter plugged in an iron in her room and that it somehow set off the circuit and there is no electricity in her room. She said that they unplugged everything in ...
Ben Skove
Looking at a property to buy & hold in a flood plain
Hi folks,
I'm looking at a 3/1 REO going for $14K, rent comps around $700. I won't know the repairs until getting in today, but it appears in reasonable shape, probably no more than $15K.
It's mapped in...
Kris Gupta
Family Dollar for Sale
Hi All,
I made an offer to buy Family Dollar in December 2019. My offer was just a little less and the Seller accepted someone else offer that time.
2 days back I got the message form seller mentioning that the oth...
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Owner financing question
Do you have to own the property free and clear to offer owner financing?
If you don't, can someone explain roughly how you go about owner financing if you currently have a mortgage on the property.
I ask becuase I ...
Alecia Prigmore
Process to sell vacant land without title company or lawyer?
Advice please, I am selling a small, now vacant, piece of residential land for 11k in Pennsylvania. I know I can do this on my own without a title company or lawyer, though I will use a lawyer for about $150 to prepar...
Antonio Bodley
What is consider good debt and bad debt?
In my opinion bad debt is when you pay a debt that is not making you money for example paying bills and student loans. These debts are not making you money where as good debt is somewhat like and investment like using...
Jon Dowe
Is this a viable plan for helping alleviate parents' tax burden??
Hi and thanks for reading. I will try to be as concise as possible while providing as much pertinent info as needed.I am the only child of my parents, aged 69, who have done quite well amassing significant retirement ...
Warren Omari Brown
DoHardMoney Hard Money Lenders
Hello good evening BP family,
I'm a newbie..
Has anyone used DoHardMoney.com for a deal?
If so, how was your experience with them?