Evans Wright
Interested in purchasing my first Quadplex and need advice!
Hi Eveyrone,So I am brand new investor and thinking about pulling the trigger on a quadplex. Here are some of the specs: Built in 07, 2 bed/2.5 bath, 1372 sq ft. When originally appraised the owner said it was $167....
Paul Shannon
Tree Roots in PVC Sewer Line Possible?
I had a call from the PM for one of my rentals saying the sewer line was backed-up. This house is only 30 years old, so assume that the line is PVC. I was under the impression that PVC withstood tree roots. Is it p...
Matt Liu
Can a seller add his own money to property sale money to avoid short sale?
Forgive me if this has been asked before - Can a seller add his own money to the money made at sale of a property to pay off a mortgage balance? Say the balance is 43k and I buy the house for 38k - can't the seller ju...
Gwendolyn Davis
Advice needed
I have asked a few question trying to find a strategy to purchase a property. Is it possible to borrow money from a hard money lender to purchase a foreclosure property for cash then refinance the property to pay back...
Sandy Uhlmann
What Happens to Second lien if first accepts a DIL?
If a first lien is in default and rather than be foreclosed on, all parties agree to a DIL, is the second lien extinguished as if it had gone through a full foreclosure or does it still exist? If it still exists, I a...
Aaron Smith
Depreciate if no income?
Hi BPers,My brother @Joshua Smith has a property which he purchased in May 2017, but has been design and in permitting (a complete nightmare) for the remainder of the year. Therefore, it hasn't made any revenue, as in...
Tonya Manning
Low-Income and Section 8 housing
Hello Everyone!I am fairly new to real estate investing and have yet to make my first deal. I have spent the past couple of years educating myself, learning some expensive lessons (gurus...), and getting my financial ...
Thomas O'Donnell
Should I Rent to Section 8 Tenants?
I have been having trouble getting the other side of my duplex rented. I have dropped rent multiple times and it is listed in a lot of places. Most leads that I have been getting are for section 8 tenants or tenants w...
Lance Dacy
To SDIRA or Not to SDIRA (Right at the Rubikon)
So I had a SEP IRA from my other company that sat stagnate since we went to S-CORP (this business is not a real estate business its my other business). I recently moved the SEP IRA to a SDIRA with Trust/LLC and now ha...
Emily Gilson
Can landlords charge for carpet cleaning?
We currently only have one rental property. When we first bought it we had the lease written up by a lawyer and it included that the tenant had to professionally clean the carpets when they moved out. We are now getti...