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...
Beatriz Rodrigues
Pest Report discovered fungus infestation..should I still buy?
Hi!I'm currently looking into purchasing a property's who Pest and Organism Inspection Report from 3 years ago shows that it was infested with fungus in several locations - the kitchen counter, under the bathroom, the...
Barb Asay
Quicken, how to record shared expenses for rentals
Hi, I'm new here and have a question.I have 8 rental units and have been using YNAB for accounting because I LOVE it for my personal finances, but its super limited on reporting so I have decided to try Quicken. I ju...
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)....
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% ...
Mike Jones
2 homes with 50% ownership in both - selling 1
Hello folks, I am new to the forum. This site came up in an internet search on the topic above. Thanks for your patience as I articulate the question.This is what I want to do: I purchased 2 investment homes with a ...