Michael Sherwood
question regarding Assessed value vs. What I paid
Hey Guys, I bought a house in march of this year for about 58,300 and according to the assessment I got its worth about 66,000 I put about 3% down. So this means I needed to get PMI insurance( note the 58,300 is with...
Jason Dekdebrun
Capitalize Costs Incurred Before Service buy Paid After?
There is probably an easy yes or no answer to this, but I can't find it anywhere online or in my Nolo books: if I have repair costs "incurred" prior to me putting a rental into service, but were actually paid with cas...
Dustin Heiner
Repairs added into closing costs paid by buyer
Hi everyone,Does anyone have any creative way to pay for repairs for a property and include them in the closing costs?I am purchasing a property that needs work on the septic tank. The seller will not pay for the rep...
Matt M.
Getting Paid on Assigning a Sandwich Lease Option
I'm interested in getting into sandwich lease options and assigning them back to the seller for a quick fee, depending on the profitability of the deal. Since I'm new at this, can a seasoned investor with experience ...
Linda Mandet
Seller paid closing costs on an investment property
Hi Everyone, is it true that a seller can only pay 2% of my closing costs on an Investment property? The seller agreed to pay 3% but our mortgage guy says only 2% can be paid by law.
Luis L. González París
How the realtor gets paid when owner financing?
I'm attempting to purchase a triplex through owner financing. I have done my research but it seems that everybody forgets to explain how the realtor gets paid in this transaction. I know that has to do with the listin...
Brandon Hagen
Riskiest financing move that paid off for you?
I’m curious if any of you would share some manner of “risky” financing that you engaged in, from top-of-buying power down payment + conventional financing to short-term or private lending that you really weren’t sure ...
Ali Rist
Tenant paid last months rent on move in
I just closed on an investment property thatcurrently has tenants. One tenant has it noted on her lease that she paid the last months rent. She is giving a 30 day notice, do I collect rent and then refund her that la...
Mel Park
I paid over asking, I feel dirty lol
I've had (2) rentals in Northern Virgnia for years and have been looking to add. Anyways, I just bought my first townhome in Metro Atlanta (Acworth). I paid $7,500 over asking price. NET of *all* expenses, manage...
Mike Clayton
leverage Paid off Condo vs Mortgaged primary home
Good Morning my BP family, new to BP. I currently own a condo that I bought as a foreclosure for 21k cash after closing 10years ago with the help of my father. My sister is currently staying at the condo and she takes...