Dan Perlman
FHA Loan Proof of Employment
I have a question regarding providing proof of Employment when attempting to get an FHA loan. I just relocated back to NJ from FL. From July 2017 to June 2019 I worked with the same company. From July 2017 to Dec 2018...
Syed Hussain
Tenant is not paying the rent after lease expired
HelloI have a situation where my tenant is not paying rent after lease expired and saying that he will evacuate the house in next few days but there are no sign of him leaving.What is the best strategy for me at this ...
Chris Montgomery
March 31 2021 Extension for Opportunity Zone Investment
Investors seeking to leverage Opportunity Zone incentives have until March 31, 2021, to place capital gains realized, in some cases, as far back as January 1, 2019. The Opportunity Zone program allows for investments ...
Chris Seveney
Foreclosure Timeframe Update
Right now, we all are aware foreclosures are and will continue to be delayed. If you have an ongoing FC and are at the point where you are receiving sale dates please feel free to share.Right now:In Maryland in PG cou...
Edward R.
Am I missing something? Cardiac Doctor wanting to rent
Hi! I have a property that I've rented for the past year. It was vacated as planned Jan 1st. I rent this 3 bedroom remodeled ranch furnished in a midsized city and good location. I'm just a 1 property guy who star...
Dana R.
Fixed Lease Length
Are there any rules regarding the length of how long or how short a fixed lease can be with a tenant?As long as the lease has a definite date for the beginning and end of the lease, will it be regarded as fixed leas...
Adam Craig
Basement water advice on downspouts
We just closed on our first house! The basement just had a mold remediation done and the flooring removed. Its only going to be a laundry room so my plan is to continuously run a dehumidifier and cross my fingers thou...
David Roe
Legal issue with closing help!!!
Ok, so I found a whole sale deal, presented the deal to the lender and got a verbal/email approval. This was first week of Feb. Said their closing took 5-7 days. Made the offer on the house and went under contract wit...
Yulanda M Weather
Purchasing a triplex with a non paying tenant in New Jersey
Hi BP, I would like some advice on a triplex I will be acquiring on June 30, 2021. The current owner disclosed that one of the tenants (occupying the biggest unit) has not paid since April, 2020. His lawyer filed the ...
Jeff Quinlan
Cost segregation Questions
Hello BP,Question about cost segregation. I understand in general the Benefit of doing a study. My questions are the following..Is there a down side to waiting? I was told you should do a cost seg in first year of ow...