Nikki Closser
Title company wants a standard policy without standar exceptions?
I'm under contract on an 11 unit apartment building. The title company wants to know if I will accept a standard policy without standard exceptions, which will not require a survey. Sounds like a survey would potentia...
David Dachtera
Fully Developed Lots, Build New Homes?
Hi, Folks,In searching Zillow yesterday, I came up with some lots in an unfinished subdivision. I drove out there last evening and yes, the utilities are in and the lots are fully developed - paved streets, street lig...
Frank Cannata
MN - Looking at 4 plex, current owner does month to month only
I went and looked at a 4plex this weekend, the owner happened to be there doing some work on the property so we got to talking with him which was awesome, he has owned and managed the place himself for 13 years. One t...
Jedd Braunwarth
Hassle factor of a property?
how do you determine the time cost or hassle a potential property will take? All of our spreadsheets analyze the financial portion but how do you choose what is the better option from a time standpoint? For example on...
Helen Zhang
1031 exchanges with auctions
Hi BP community, I am in the process of selling a property and would like to know if 1031 exchange would work for auctions. I can't seem to see why it wouldn't work with auctions, but I would like to know if it would ...
Mark Forest
Can mortgage company demand payment
This probably won't be an issue, but now that I am retired from my W-2 job and no longer have that income can my lender demand payment? Also, now that I only have rental property income what are my chances of qualify...
Tom Edwards
Address(es) for Rental Property LLC
Newbie here!I'd like to setup an LLC in Indiana for a rental property purchase and rental. I'll have a property manager manage the property. For the LLC address (physical and email) and for the business bank account a...
Ellen OBrien
SDIRA, LLC checking acct
I’ve opened an SDIRA with min required amount ($50) as required by bank. The cash to do so was not my personal funds, nor did I make the deposit. I am having funds from my IRA wired, and the account needed to be opene...
Mark S.
Section 8: Require Tenants to Mow?
Can you require a Section 8 tenant to mow their own lawn? If so, what are the odds they do it? If you can't require this, can you bump up the rent at all to include it, or is this simply a "cost of doing business?"
Mia G.
Conventional or FHA Loan for 3-Unit?
Hi All, I am looking to purchase a 3 unit property as a primary residence (live in one, rent out other two). Do I have to use an FHA loan or can I do a 5% down conventional loan? I have been told different things by d...