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Hey everyone, I bought my first building in 2017, for 85k all cash. Put another close to 35k Into it, bringing me to 120 in equity (one of the improvements was a new boiler for 17k in 2017, not sure if i can declare t...
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Hi All,
I am about to purchase a 2-unit property in Chicago for 100k. It is an REO so I am not getting good responses from the seller. Here is my concern:
The property is already rented.
a. The seller says one of ...
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Hello All, The title says it all. Could someone please tell me if you can use your real estate commission (I am a licensed agent) as my 3.5% down payment on an owner occ FHA purchase loan? I will still h...
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Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...
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Hi Everyone, I just started my journey with my wife to purchase a Condo in Palm Harbor Florida. The condo is part of an estate that I will inherit 1/3 of. We are thinking this might be a great start for an STR. So...
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Hi all,
I wanted to get some clarity on the first and second mortgage holders on a property I have been keeping an eye on recently.
The first position mortgage company has sued and gotten the property back via court...
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Hey guys,I am going to see two prospective quadraplex's this weekend and wanted to see if anyone had any suggestions as to what documents to ask the current owner for. I already know the taxes for both properties and...
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Good Day BP Family!Question, I plan on buying an attached 2 unit condo in NJ. Both units are occupied. What are important Documents and terms I should ask the current landlord for before i purchase the property?
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under a lease with an option to buy at the end of lease..where landlord has non refundable option fee, is not crediting lease payment to balance, and has seperate document instruments..if tenant fixes up property in a...