Ali Nichols
Purchasing a small multi-family for less than 20-25% down
In terms of companies/lenders or other creative ways to purchase a small multi-family for less than the conventional 20-25% down, what are your favorite strategies?
Brenda Norris
Tenant didn't live up to her part of discounted rental agreement
We all already know that I should never have agreed to give tenant discount on Rent in exchange for certain maintenance and repairs. What is done is done, got her out and now I am writing up damage details to send in ...
Ashley St. Gelais
Vermont Investor & Inspiring Educator Here...
Hey BP Community!My name is Ashley and I joined this amazing community about a year ago... But never introduced myself.I love all the sharing of knowledge and support in this community. I thought I'd offer up some sp...
Bruce Yi
Damages in excess of security deposit
Hi, my tenants just moved out and the property is a complete mess to the point where a full rehab may be needed. The security deposit is approximately 10% of total repairs so it won't cover most of the damages. What's...
Daniel Devin Jewell
I need to pick a bank for a HELOC
Okay guys I need help!!Basically I'm trying to decide the pros and cons of what bank to use for a home equity line of credit.I'm going to lay it all out so bear with meI work in real estate full-time as a boots-on-the...
David Clay
Should I sue or not?
I am not sure this is the right forum, but I posted here b/c of the type of deal that I have a question about. I am considering whether or not to sue someone who has agreed to do owner financing on a six unit apartmen...
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Sean Hickey
Rehabbing and Taxes
I have a tax question for the experienced...
I have a property that I purchased, rehabbed and could not sell for a long period of time. I lost a substantial amount of money on the deal (closed in 2009).
My business...
Aaron Bitner
Buyer before I start a Rehab?
I've come across an interesting situation where I'm about to start a Rehab and may have someone that is interested in securing first dibs on purchasing it before we start. They like the idea of a newly renovated home...
Nina Zou
Applicant claims he has a painting company, what to ask to prove?
Applicant claims he has a painting company and put down monthly income as $6,000. What Shall I ask him to submit as the proof of his income? W2 or something else?