Christopher Veljkovic
Easment Issues within common driveway.
Advice needed on a Easment issue: Thank you ahead of time BP Fam!!I purchased duplex property on a dead end with an odd shape land that happens to share an easement with two other properties. The questions that arise...
James Maradits
Acquiring abandoned property
Hello all,I am seeking advice on a unique situation. I am trying to figure out how to make a seemingly impossible deal happen for me.The story: There is an abandoned house in very close proximity to my primary reside...
Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Jesse Patterson
Wholesaling Noobie, WANT TO GET STARTED
Hello everyone my name is Jesse Patterson and I am currently 22 years old. I live in the small town of King, NC. I've been pursuing in self employment ever since I was 17 years old. Though unsuccessful I still haven't...
Alan Kahanu
Advice - Who is liable for certain repairs
Need some advice on whom is liable for damages on tenanted rental property. I am the owner of this rental. Out of state property manager was notified by tenant of 'water leak from slab in kitchen' at the end of July...
Michael Spangler
Questions to ask a commercial seller
I found a great multi-family deal (four quadplexes that meet the 2% rule) and after some research, they could cashflow over $200/door easily. What questions should I ask the seller? The property is held by an investme...
Samantha M.
Locating Property Management Companies
Hey everyone I am wanting to transition my rentals over to a Property Management company. The problem is I am having difficult locating them.
The way I have been searching is opening up google maps, entering in my zi...
John Thedford
Disclosure Of Member Of RE Brokerage LLC Required In Any Transaction?
Scenario: RE Brokerage is set up as an LLC. Members of the LLC (not managing members and not licensed as agents or brokers) want to buy, sell, flip, etc properties some of which may be discovered through the RE broker...
Carlos Rodrigues
Getting a hard money loan to purchase rental
Good morning BP! I have a few questions concerning hard money loans and a few other financial questions. So I'm interested in purchasing a multi family in Elizabeth New Jersey (Union County) and after going to multipl...
Mark Forest
Second mortgages
Why would a bank or anyone take a second mortgage? If things go bad wont the first lien holder get everything? The only thing I can think of is that the market value of the property hopefully increases past the ...