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This might not be the right forum, but I thought I'd give it a try. I'm keeping my own books for now. For those of you who are keeping your own books do you typically count your principal, interest, and escrow as oper...
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I have a duplex in WA state where the tenant moved out at the end of their lease on 4/30 per the terms of their lease. They had a security deposit and pet deposit amounting to $1,100. WA statute RCW 59.18.280 requires...
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Hi
Repairs were going to be paid for before closing, as the seller having some other time sensitive activities needing to be met, my agent and I decided to grant a seller credit to the buyer for these repairs. Otherw...
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I'm looking at purchasing a property that has a good onsite manager. I'd like to retain this manager and the seller has told me what they pay her verbally, but doesn't have a contract with her (they are old friends).I...
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How do you make cash offers on properties that require proof of funds when you are using a private money investor? I am working on my first deal with a private money lender and using the BRRRR strategy.
Will I need ...
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I am completing a single family home brrrr in Wisconsin (home #1). I also own another investment property (home#2) with someone 50/50. Both our names are on title of home #2 but the loan is in the partners name. I'm i...
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This is my first file of refinance. What information that I need to collect as a loan officer?or what documents will borrowers need to submit to the loan officer for refinancing? Thank you very much
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This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...
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Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
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Hey everyone!
While on my investment journey I always run into people who talk heavily about a binder or "physical portfolio" on one property or multiple properties. Ive heard of them being used for mortgage brokers...