Michael Goodman
Help Look Over My Quick Underwriting
Hey guys my name's Mike,I think it's my first time posting and have been doing a ton of reading and research, want to finally make the leap into real estate investing. Chatted with a local realtor I've used in the pas...
Joni Maurer
Does a text hold up in small claims court
Tenant's lease ended on 7/31/20. They sent a text saying their lease ends in August and would be moving out at the end of it. Their entire deposit was used for damages. Can/should I sue in small claims for August r...
Clare Cui
HELP, Tenant threats
First, let me say I made a mistake in not holding my standards with this tenant, I totally own my responsibility and it's a powerful learning lesson....AND, I rented a non conforming bedroom, and the tenant wants to b...
Eric Palomino
How to negotiate with an appraiser
My husband and I are trying to accelerate our process in gaining multi-unit properties. We have two properties ( 1- 3 unit and 1-2 unit) in the Chicago area. Within the past year we gain another multi-unit property (2...
Mindy Jensen
If a dog breed is banned by the city do you have to accept as ESA
Having a discussion at the office, and this question came up.If a dog breed is banned by the city your rental is located in, do you have to accept it as an emotional support animal?Pit bulls always get the bad rap, so...
Dena Zeid
Whats a good offer price?
Looking into my first potential flip in ny. I'm new and want to make sure I don't offer too high a price. Here's the financials:Selling price: 280,000ARV= 380,000Rehab costs= 40,000Offer would be all cash. What's ...
Animesh Das
Documents needed for ”2 out of 5 years” home sales tax exclusion
Hello,
I sold my condo last week. I lived in that condo from 2012-2017. So I satisfy the “2 out of 5 years” rule that allows the home sales profit from capital gains tax exclusion.
I was wondering what documents do ...
Lawrence Hsu
Do you count unemployment benefits as income?
Novice poster here.
I have co-applicants to a unit. One makes good income, but not enough to satisfy the monthly income 3x rent rule. The coapplicant submitted unemployment benefits as income, which combined with the...
Andy Fernandez
How to calculate an ARV for a 4 units or less income property
Good morning BP I have a big question:
I am looking for the correct formula to calculate the ARV on a fourplex. I understand the ARV of an income property is calculate as ARV= NOI/ CAP rate. If you need to do this c...
Larry Zucker
Running out of DTI on conventional financing
New to BP and really enjoying the great information in the forums.
I have two rental properties purchased in the past year with good cash flow. They are financed with 20% down through a conventional loan with a port...