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Hello. Can anyone explain how an assumable loan works? I want to help out my parents with their mortgage payments. Can I make a mortgage payment to the lender on their behalf without any consequences to me or them?...
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I currently manage 125 units in Janesville and Beloit WI. Many of our tenants are elderly, or lower income. Also, many of them do not have bank accounts. These are the types of people I typically house in my units. Ho...
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This has puzzled me quite a bit. Particularly when looking at real estate as an asset to invest in vs. alternative investments (equities, bonds, commodities, etc.), it seems silly to me to ignore total returns. Total ...
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I purchased my first property under my personal name and secured a mortgage as a "second home", but the plan was really to rent it out as a STR. My mortgage broker told me to simply get the "second home" insurance pol...
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Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
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Hello Everyone!
I own and operate my own wholesale business. Luckily, I have had an overwhelming influx of investors with huge appetites for multi-units in Paterson and Newark NJ. However, I am experiencing ...
I just put a house under contract and I am trying to figure out how much notice I need to give the tenant if the deal goes through. I know that here in Portland, Or. there have been some changes in our laws in favor o...
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Hi;
I know that residential agents will typical work a neighborhood by sending postcards, knocking on doors, setting up a website, and doing everything they can to "own" a neighborhood.
But how does a commercial age...
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I am new investor under contract on two properties by the same seller RE investor - turn key. Both houses cash flow 150 -200 per month and are already occupied. I am required to pay $2500 per property for this servic...
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Supposed to close on the 5th, the tenants were supposed to be out by end of April. I want the house, though I'm frustrated as hell about this. Here I am all packed up, and these scummy (I've met them) tenants and thei...