Debra N.
Ouch- Big Mistake !!! Help
OMG ! I made a very big mistake !I found this great property, did the comps, everything looks great.The property owner told me they had an appraisal of $93, and said they would send it to me.I followed up with them a...
Jasmine Chen
Is there legal way I can give some money to the shortsale seller?
A homeowner wants some money if he decides to sell his house to me. I know it is illegal to pay him. But I also heard of using a bill of sale method? Can you please advise how it is done legally? Thanks.
Darlene Keller
Motivated seller wants to sign over two properties....
I have a motivated seller in Ca who wants to sign over two Condos to me for $60,000. This would be my first deal, if I can put it together. What would happen if I cannot find a buyer in time to assign the deal? Shou...
Thomas Stanley
Pricing Rehabs - My Take - Your Thoughts
Hey BP,
Read J Scott's book on estimating rehab costs and was inspired to take his sheet (Thanks J) and put my touches on it. Enjoy!
Also interested in crowd-sourcing feedback on the sheet itself and on the estimat...
Ryan Cleary
Risks of buying a two family home with an illegal third unit
As an agent, I am working with a buyer who is showing interest in a particular home that is a legal two family, the basement is set up as an illegal third unit. Being that the property is located in New York, what are...
Tyler Speelman
Convert STR to primary to avoid depreciation recapture?
Hey BP folks!We have a few STRs that we have done cost segregation studies on. After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains ta...
Sufyan Minhas
Buy condo or apartment for primary residence
Hello I needed some advice about my idea. I am located in new york city. I am looking to buy a condo or apartment in nyc five borough area or any neighbouring counties( Long Island, Westchester). The reason is because...
Lolo Druff
Buying a house with tenants in place
I'm thinking about submitting an offer on a property, where the selling agent is also the property manager. They said the tenants pay on time every month, and they have never had any issues. If we open escrow, what do...
John Smith
Tenant got locked in bathroom
My tenant allegedly got locked in the bathroom. He called locksmith which cost 350$.
Now, tenant wants me to deduct the amount from the monthly rent.
Generally speaking , whose responsibility is this?
Jon Malham
Subject to, Wholesaling, Owner Financing, and Lease Option Contracts
Hello there BP!
As a new investor I just had a few simple questions about where to find standard contracts, specifically in the state of Florida. It's no problem finding a standard real estate purchase agree...