Elizabeth Nourse
Investors with Licenses- What are you paying?
I've recruited a number of investor agents over the past few months and many of them indicated they weren't getting a break on their commission splits with their brokers when they bought their own homes or investment ...
Trent Patterson
the deal must go on...red stamp?
After a year of prep, studying, and two prior years of appraising houses. I signed my first purchase agreement about 3 weeks ago. My real estate attorney gave me a number from a estate sale he was working on. Its i...
Lewis Christman
cap rate calculation. Do people include closing costs or not?
Survey I guess. When you calculate your cap rate (NOI - net operating income / Purchase Price) do you include your closing costs and initial repairs in your calculation or do you just go with the actual purchase pric...
Eric Dufault
VA Loan to Buy 2 Duplexes
Hey BP,
Going to look at a couple of duplexes today. Can I use a VA Loan to buy both properties? They are being listed by the same owner. They fall under the maximum allowable limit for four units required by the ...
Ken Rishel
Delinquency Rates
The State of Illinois recently passed a statute into law that allows regulators to examine and publicly report on delinquency rates, as well as take action against lenders whose rates are too high. While the statute s...
Angela W.
Did you know you can Object to Title Policies and Survey
Here is an article I wrote: Title/Survey Objection Letter
Angela Walter, Texas Attorney - If free to message me if you have any legal questions!After getting a property under contract, the buyer has an opportunity to...
William Coet
Identifying Demand: A List of Questions For Realtors
In trying to identify demand and become familiar with a new market, I thought I could email the top realtors in the area and ask a series of questions ( a survey) . Below are a few of my initial ideas. Any additiona...
Troy Meyer
Has anyone split land at closing.
Just locked up our third rental property, its a home path house that has the lot next to it deeded as one property. The official descriptions states lots 23 & 24. the house is centered on one lot. All other hou...
Abi O.
Easement/Shared Driveway on Investment Property?
Hello -I am in process of closing on a new investment property and the driveway is shared (i.e. my neighbour and I need to use the same driveway to get to our individual backyards). The driveway is 80% within my prope...
Vickie Bruce
Property split with sister
My sister and I have 20 acres in Poolville, TX. The property was bought by my parents in the 80's and put in our names then. I have since had a home built on the 20 acres next to my parents house and have lived ther...