Ashish Mehta
Appraisal is less then price of Home being bought
A home being sold for 330K was only appraised for 309K by the bank. Should the buyer ask the seller to appraised value by the bank? If buyer walks away does he lose his earnest money?
Kenneth Garrett
Multi-Family deal analysis
Hi All, Can you look at the numbers below. I think the numbers make sense. 6 Flat B Area. Gross annual rental income $68,400Net Operating Income $25,500Cap Rate 6%P&...
Dave Godfrey
New construction Negotiations & Concessions with a builder
Hi everyone. I am a real estate agent and am representing a buyer on a new construction home.I am curious what negotiation tactics have worked well for you (as a buyer's rep) on new construction homes. Are builder...
Paulette Midgette
In Need of Advice on Selling A Challenged Property in Philadelphia
Hello BPers,I have a condo for sale in Center City Philadelphia. The condo is located in an historic building in the Old City historic district. It is within walking distance, of the most iconic historic sites in Ph...
Account Closed
Contesting property taxes
Hi everyone,I'm thinking about contesting property taxes for a flip that I'm working on. However, I'm not even sure if I'll have enough time to do so. I'm estimating to have the rehab done in 4-6 weeks.Is anyone famil...
Mickey Brown
Best vinyl for long term buy & Hold 4-plex
I just bought a 4 plex in Cuyahoga Falls Ohio. It's 90 years old so the floors are really creaky. I want to get the kind of vinyl that is going to do a good job at reducing noise from tenants walking around, but will ...
Megan Meconi
Selling a property from one LLC to another LLC
My partner and I have an LLC in Ohio, and we own a commercial property that we rent to tenants. We have a mortgage on the property, which will be paid off in about 6 months. We bought the property during a peak in t...
Matt Cloutier
1099 Business Partner
Hi- I own an SFR investment property that a family member helped me rehab. I own the property in my name. Question - can I 1099 my family member for helping me rehab the property and increase my cost basis and reduc...
Cindy Tang
Can Depreciation be adjusted if it's limited in prior taxes?
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Account Closed
Rubber Carpet Padding?
Hi all
Does anyone have experience with using rubber carpet padding? I hear it is better at reducing noise between floors and can also be water proof which is a plus. I am mainly interested if anyone has used it for ...