Andy Lanyi
How to deduct escrow costs
I am buying a new set of apartments, I trued to look up if I could deduct the cost of escrow. The answer was you have to add it to your cost biases. Not sure what that means. Does it mean you have to add it all up a...
Justin Hornbeck
Selling my flip house on the MLS
I am currently ready to list my flip house but I want to try doing it for-sale-by-owner first before I list with a realtor. I would like to know if there's a certain company I should use to get me on the MLS which al...
Tom Sutherland
Auction.com
Hey All, I am looking at a property on Auction.com and wanted feedback about the website. Also I had a few questions.First, it gives an option for me to get title insurance on said property. But it also shows title in...
Casandra M.
Buying a Property with Property Management Contract
We are in the process of purchasing a property in Wisconsin that is currently managed by a property management company. Does the contract that the current owners have with the management company legally get transferr...
James Qiu
Am I getting ripped off on escrow fees?
I just got approval for a short sale that I'm trying to buy in Temecula CA. The total purchase is only $150K but the escrow company wants both the seller (bank) and me to pay about $1000 each. The bank had only approv...
Allen L.
4.6K closing cost (excl. prepaid) on 62.5K property, seem high?
Hi guys,I got an initial disclosure from a lender for a loan on a 62.5K property. The terms are 30 yr fixed 5.375%.Here is the snapshot of the closing costs excluding prepaids/escrow.I confirmed with the lender that t...
Calena Reynolds
Property Management Fees - 10, 20, 30%?
Hello BP!I am researching property management fees and just spoke with an agent who claimed property fees in the Smokey Mountain TN area (typically STR's) were typically 20-30% of rental income. This seemed wild compa...
Justin C.
Door: Non-Traditional Brokerage Firm?
So I saw this today in my Dallas-area newsfeed:http://dallas.culturemap.com/news/real-estate/09-0...It looks like the premise of the start-up is to fulfill the role of an agent and charge a flat fee as opposed to a 3%...
J B
How to get paid your negotiation fee after a short sale approval
Hello, Can anyone help? I'm stuck!!! I have just finish a short sale and is ready to close. When I started this deal I thought that I would be using my assignment of contract for but, I not sure how to close at this p...
Alan Feng
Is property tax appeal fees deductible?
I use a 3rd party company to help protest my rental property appraisal values and they take 1/3 of the actual tax reduction as the fee. Does anyone know if this fee can be considered as expense to the rental property ...