Kevin Fletcher
Hold Open Title Policy for Flipping
I was told by a friend about using hold open title policy for flips because it can save a lot of closing costs when flipping. Does anyone have any experience with these? Is it a good option for flipping a SFH?
Eric Gunderson
8-unit in Duluth, MN
Investment Info:
Large multi-family (5+ units) buy & hold investment in Duluth.
Purchase price: $225,000
Cash invested: $200,000
Contributors:
Mike Sevcik
8 Unit, brick town-home ...
Allen Stewart
Looking to build and grow
Hello community, I've just joined up to learn all I can about real estate investing and property management. I will be inheriting a 3 unit property in Wheat Ridge that I current live in the main house. I have just com...
Dana Powell
Are closing costs deductible on a 40-year DSCR mortgage (purchase and refi)
Greetings, when researching online, i came across a nugget that typically deductible closing costs can only be deductible on mortgages that are 30 years or less, but I can no longer find that web page! If there is su...
Felix Stone
Appraisal low w/ mortgage contingency & no appraisal contingency
Hi All - A friend told me about this site and there is a wealth of info but couldn't find what I was looking for. ContextI put in an offer on 4 off market properties in Pennsylvania. Offer is for the total price and a...
Matthew Doyle
Security Deposit with Inherited Tenant
Hi all,
I'm in the process of turning over my first rental unit. I am househacking a duplex which came with a tenant in place. The tenant has since left, but was not the easiest to deal with over the past year. Upon...
Russell Beach
Buying 12 Unit....all Section 8 tenants
I'm considering putting in a LOI on a 12 Unit apartment in Virginia where all the tenants are Section 8. I have underwritten the deal and looked at rent rolls and T12 and last operating statements and it cash flows ...
Carlos Monroy
Analyzing A Subject To Deal
Hey BP, hope everyone is staying safe during these unprecedented times! I wanted to reach out to the network to see if I can get some help and advice while analyzing a potential subject to deal that my business partne...
Account Closed
Voiding Title Insurance by Titling Property in LLC After Closing?
Hey there BP Legal Community. I recently closed on a SFH, am under contract on two others, and am looking forward to buying 3 more before year's end. Aside from adequate Landlord/Liability/Umbrella Insurance, I am als...
Rose Parc
How to file Sch E when moving rent to LLC mid year
Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...