Dennis Marshall
Am I damaging my name in the business? Need some advise
I recently closed on my very first deal and was so excited. I was going to make $2,000 quick and easy after 2 weeks of work. Well come to find out there was a previous landlord that had a private loan on the property....
Stephanie Simmons
Advice needed: pending deal - inspection & contingency problems
I’m a licensed agent in Florida. I’m an investor and I really only do my own deals. This is the first one of my properties that I have sold as an agent. Here’s the issue - got a contract from a buyer that is a commerc...
Carlos Flores
Financing multiple 1-4 unit properties with Fannie and Freddie
I've seen several posts lately about the number of 1-4 unit properties one can finance with Fannie Mae and Freddie Mac, and their respective guidelines. While the two GSE's are somewhat similar, it's important to reme...
Ahmad H.
What is this note worth and how to sell it?
Hi All,I am in the process of selling a property where I will be holding the note for 280k (15yr term, 10%, 5yr balloon). The property is worth 380k and I am getting 100k down from buyer. 10% return is nice on the 28...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)
John Shortridge
Online Auction Strategy
Hi everyone,Hopefully will be bidding on my first auction property this weekend (homesearch.com). I have read up ALOT about these deals. There are a lot of horror stories however usually there is at least someone in e...
Alexaundra McCormick
lease option questions from sellers
hi everyone, things are going smooth. Doing some lease options and have been asked some questions from sellers before getting into it. They want to know can they just cancel the lease if they find the tenant/buyer ...
Karen A.
Purchase Contract w/ 2-year lease before closing
You have a mess, you should never have leased the property with a tenant being responsible for maintenance and repairs.
It could be assumed the home warranty would be provided at closing, not at the time of a...
Jon Horton
$450k. Ideas on how to invest it
Scenario: $450k to investBackground: Currently have 7 SFH rentals (turnkey purchase) that are currently financed with 1 commercial loan (so that I could get HELOC to pay off house and car notes quickly) and 1 tear do...
Sean Ratcliff
Re-capture tax from depreciating your rental
Hello BP,Hope you can help me out. If I was to move back into my rental home for 2 out of the last 5 years I would not need to pay capital gains. My question is what if I depreciated my rental for 15 years and then...