I have been working on an FHA Wells Fargo short sale. Aprox. 130k owed, BPO came in at 55k which I thought would be perfect assuming I could get it at 88% of the appraisal. I have made three offers 42,46, & 50k....

Hi,

I am trying to fully understand taxation of rental properties before I make my first purchase. The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (...

So I had to switch tax pros this year, my last one passed away a couple of years ago and I mistakenly let things sit on the back burner too long. I've never had any issues with my taxes before. (Now I have a couple of...

Can a landlord reject an applicant based on proof of income? Or does it vary by state. Lets say an applicant receives alimony, child support and social security disability, no job or work experience listed.

Hello everyone! First time posting. A former tenant owes about $4700 in damages beyond her security deposit. After the third notice, the tenant contacted me suggesting monthly payments. But she is suggesting very low ...

I hired a General Contractor/Small Co. (in business for 40 years), to add an addition to my Airbnb rental house. I paid half down in March 2018 and he was suppose to start on July 9, 2018, that is when I was closing t...

Hi everyone,2 weeks ago, I got a call from my realtor that my offer on a triplex had a good possibility of being accepted. The deadline was last Monday, and we expected to hear something either the following day or We...

Hi BP,Was chatting with a friend, and was wondering what key financial metrics (and what minimum numerical scores/values would you accept) would you use for evaluating whether tenants would be good renters for your pr...

When you get your offer accepted on a property, and you offered with no inspection contigency, and the contract states "Seller to deliver clear title" but a title issue is found, say a BIG issue, other than trying to ...

I’m in a “sticky” situation where I could potentially lose my earnest money (5k) due to me potentially backing out of the deal.I’m in contract on my first owner-occupied property that was listed as “public sewer” but ...