Mauricio Botero
Philly Realty Transfer Tax (x2) when buying from a wholesaler?
As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-a...
David Ward
Are wholesalers unlicensed brokers?
Seems like wholesalers are pretty much unlicensed brokers. Whats the difference? A broker is the middleman, is that not what a wholesaler is?
Gregory Stanley
CDC eviction "Order" not enforceable
The CDC’s order against evictions is toothless, has no Constitutional justification, is over-reaching by the Executive and the CDC, does not stop the filing of evictions, and has bureaucratic hurdles for any tenant wh...
Ben Boru
Negotiating the bank down?...
Here is a mortgage statement from a homeowner that is being foreclosed on. He wants to sell to me. Can I negotiate some of the interest and late fees down from the bank? And what is the best way to approach that conve...
Marc M.
Buying an HOA lien at Sherrif's Sale
Hello BP,Are there any investors out there who have had success buying HOA liens at weekly sheriff's sales? I follow public notices in my home state of Michigan to track foreclosures in areas I invest in and sometimes...
Lee S.
removing "tenant" from new purchase
I'm closing on a house next week and I'm looking for feedback on how to potentially deal with a tenant that is dragging their feet getting out. The tenant is the owners daughter who has lived in the house rent free s...
Mike Swanson
Chicago Security Deposit Advice
Unfortunately I did not provide a receipt for the security deposit I received from my tenants 3 years ago in the City of Chicago. I also did not provide a yearly interest payment as required. My question is: if I re...
Matt W.
Is this lease detail legal in NC?
Hi BP, I'm thinking of adding a detail to my standard NC lease that would encourage tenants to pay early. I have heard of others doing this but I wonder how legal it is. I don't see why it would be illegal because it...
Nancy Stark
How should I lease during an eviction moratorium?
I just purchased my first two SFH in a B-C class area. One is a BRRRR (currently in rehab), other traditional (ready to rent). Would you have the new tenant sign a 12 month lease right now, or start off month-to-month...
Henry Lazerow
Deal Diary - BRRR 4 unit over 100% cashout :)
Purchased June 2023 for $137,000 legal 4. Property had water in basement, bad roof and units were trashed. In a C-/D area in suburbs. I normally focus on north side of Chicago but a client sent me this asking to co-in...