I have an applicant for a property in Anchorage, Alaska that is wanting to sign a lease for a family member that is an illegal immigrant. The individual wanting to sign the lease is unable to provide a completed appli...

I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...

My story on Fortune Builders refund policy.
I went to a three day seminar. We did due diligence before we went and tried to find out as much as possible about them. (Had a hard time finding reviews). We decided to g...

Hi All,I singed a contract last week on buying a lot of land. When I was talking about it the guy who flipped it to me told me that previous buyer backed out because previous buyer could not get title insurance from t...

Without going into too much detail, is it normal for a lender to cause you to have to push back your closing date because they couldn't get underwriter approval on time?   I feel like they are having me scramble now t...

I am in the process of trying to close on the sale of a property, and the bank has been a huge hassle. The home was under contract for $155 per sq-ft which is totally in line with all comps and lower than some provide...

I often buy using Subject To to buy properties. If you choose to use this technique these are some of the Pitfalls to watch out for.
Subject To Pitfalls
1. The bank can call the loan due (due on sale cause).
2. You...

I have been analyzing a 10 unit apartment building. I found it through a traditional broker not a comercial broker. Seller is providing scanty records such as no Rent Roll or detailed expenses. I have submitted an off...

I'd like to know what is your biggest pain point about getting applicant's previous landlord references or giving references?1. Landlords don't respond back to your request for landlord reference. Either you can't get...

Hello,

Has anyone started their REI with commercial property purchase? I spent some time talking with my grandfather, who built his wealth with SFH working up to his building his own subdivision of homes then commerc...