Ryan Gillis
Is it the local or the property location law that applies?
I live in Oregon, but I'm trying to wholesale (assign contracts) for properties in other states. Michigan, for instance. However, in Michigan, you're only allowed to do four transactions a year if you don't have a lic...
Pat Murphy
How to verify end cut sealant applied to treated wood cuts
I just had a deck built, and ponied up for premium decking and railing. The contractor slopped a few things, including putting Vycor tape between the beams and joists. A few experienced builder friends commented that ...
Juan Lopez
Applying as an individual and then transfering rights to an LLC
Hello all:
I was hoping someone here could help me with a current situation. My partner and I want to buy rental properties (single houses) by applying as individuals to get better conditions on the loan (interest ra...
Jackson Foutch
Applying New Market Tax Credits to Multi-Family and Commercial Properties
Has anyone in the Kansas/Missouri area dealt much with New Market Tax Credits and how they can apply to a property? Secondly, do these credits only apply to properties that offer retail services or can they apply to s...
Justin Dortignac
Does AB1482 apply to ADU if less than 15 years old?
Selling my tenant occupied home (with tenant occupied ADU) and buyer wants ADU empty as they intend to occupy it. Gave tenant 60 day notice. Tenant says that we have to give them one month free rent. Are they correct?
JD Martin
Pre-paid rent - taxable in the year accepted or year applied?
Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...
Shiv B.
Tenant wants security deposit to be applied to last month rent
Hello all - My tenant's lease ends July 31 and I did not receive last month rent for July. On inquiring the tenant informed me their deposit (equal to one month rent) should be applied to last month rent. The lease sp...
Angela Tod
1% rule in BRRRR - applies to ARV not purchase price, right?
Hello BPers, long time reader, first time post-er :)
We are trying to refine our analysis and are getting a little confused.
Example:
Purchase Price $80,000
Rehab $40,000 (not seeing bids this low in reality...)
...
Carlos Renteria
How Soon Is Too Soon To Apply For An Investement Loan ?
Hello, I just refinanced my house two months ago. I cashed out on the equity and bought a small rental property. Fully paid it off. Does anyone know How soon can I approach a bank for another loan?
Precious Thompson
Advice for applying FHA loan with credit no debt average income
I plan on applying for a FHA loan in March ,2018 which will make 2 years verified w2 income working full time, i have over a 700 credit score and an income of about 1,700 a month no debt(i also plan to get another par...