Ramon Vazquez
Balloon Mortgage on MFR
I have an opportunity to buy my first MFR (fourplex) with seller financing. The terms are 20% down, 5% interest rate, 5-year balloon. The properties are under market value and I know I am accepting some risk with the ...
Kristi Hill
Rental Property being sold at a gain in utah
I bought a property for a friend in 2005. She rented if at cost of the mortgage payment due and I made no money off of her. She moved out in March and we have had to do extensive work to get it ready to sell. It will ...
Brian Campbell
how do you negotiate short sells vs foreclosures
can you negotiate either or both or none. What I've heard; Short sells are listed by the agent based on comps, you can come in low but the listing agent doesn't have to submit it.
Banked owned, as is, aren't negoti...
David T.
Finding Potential Rental Properties
Hey everyone,I am in the process of reading the How-To Guides on this site. Recently graduated college, and I want to have everything planned out when I do have the cash. I plan to buy and hold a multi-family house or...
Ronald Trepton
Need help understanding ACV Landlord insurance
Hello BP Community,
I have two rental properties that my insurace provider Allstate will only do ACV policies on. I am told this is because they were built prior to 1941. Replacement policies are easy enough to under...
Elliott Back
taxes with house hacking
I have a situation that I am curious about. If i have a duplex and it has a mortgage of 1000/month and I am able to rent out one side for 1000/month and I live in the other side, would i pay taxes on that 1000? If i r...
Lee S.
Contract for Deed/Land contract California
I'm planning to sell some land on land contract. One question I can't find an answer to is if the contract has to be recorded in California? I know a lot of land investors do not record the contract so it's easier t...
William Ellis
Reno Already Done On Possible Buy & Hold Purchase
Ok so what if you find a property that was just renovated with new HVAC, floors, roof, gutters, kitchen, bathroom, etc.. to be like brand new? When I run the 50% rule with counting 10% for things like CapEx, repairs ...
QUINCY ROE
WHOLESALES
Is there a formula to calculate how much your fee should be on a wholesale/contract assignment deal?
Gary Tommeraasen
Multiple Rental properties in group package
I recently found a landlord that is selling 17 rental properties for $500,000 with owner financing. The owner wants 20% down so $100k and will carry the $400k. I'm working on getting more details from him. He did say ...