Tyler Puzio
Commercial Lease in a mixed use building
I recently purchased a mixed use building with a partner; the commercial space is on the smaller side but I have interest from an individual who would like to open up a salon. Any suggestions on the type of lease I sh...
Maria D'Aura
1031 rental to a 2 unit property and live in one?
Can someone educate me on the guidelines and help me determine if this option is possible? I'm looking to understand what the determining factors are to decide if it fits a 1031.I'm selling a rental condo to 1031 exch...
Jeremy D.
1031 exchange into a fund?
HelloI am in the process of selling a 3 unit residential investment property and would like to do a 1031 exchange on the proceeds to defer capital gains tax. Here is what I would like to do and i'm wondering if someo...
Anthony Simboli
Earnest Money --> Down Payment
All,I would like some clarification on earnest money. Being told that our earnest money will go towards our down payment and held in escrow until the P&S is signed. I've heard that MOST of the time you get your ea...
George Genovezos
Title company screwed the pooch
Hi all,I'm at my whits end, and hoping I can get some help here. I'm in Texas and on Oct 6th, I purchased a 4plex. the title company ran their numbers for taxes based on 2016 and use that for 2017 even though the esti...
Dustin Beam
Townhomes and defunct HOA
Hello beautiful people of BP,What are your thoughts on townhomes that now has a defunct HOA? The properties are essentially now single family homes as far as owner responsibilities (lawn care, individual meters, etc)....
Chris Adams
Assignment of Rents agreement question
Closing a loan in a few days and as usual there is a Assignment of rents agreement. But this sentence, which I see in every assignment of rents agreement, pisses me off.
LENDER'S RIGHT TO RECEIVE AND COLLEC...
David B.
Dividing Land to Purchase Half w/ IRA, Half w/ Personal Cash
Hi Everyone. We bought a house about a year ago with a SD IRA. It was a more complicated process than I expected, but it worked out fine. We have a nice property and a reliable tenant that is paying the rent on time. ...
Rob Z.
Closing costs on a turnkey
Hey everyone, So I was wondering whats the prototcol for closing costs when it comes to turnkey? When I bought my primary a few years ago I negotiated closing costs and came very little out of pocket. Now with my t...
Kelly M.
Cash Out Refi Question
Hi Everyone! I’m finally almost done renovations on my three unit property and I have leases on all units. I want to do a cash out refi. My lender says they can do up to 70% LTV. I was just wondering how common 75% ...