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Thanks to my friend, Alabama tax sales attorney Greg Stanley, who alerted me to this issue. He and his colleagues are seeing a number of improperly written deeds prepared by non-lawyers, that are causing major headach...
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Here is a scenario I would like some Intel on from somebody more educated on the topic than myself.W2 Employee in the 35% tax bracket, purchased an apartment complex in 2019 for $2.5mm under and LLC. You value add the...
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I recently just rented my SFH that I bought in 2018. Backstory to all this: I bought a SFH at $176,500 in 2018. I had 2 friends move into it with him helping pay down the mortgage. 8 months later I landed a new job an...
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Hi All,
We recently bought an owner occupied two family unit, with 3% down as we were in the process of selling our apartment. The apartment still hasn't closed yet, and we are tired of paying the PMI, so we are refi...
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What would you do if your seller couldn't close on the date agreed upon?Would you take advantage of the situation and ask for a price reduction.It is an estate sale and the seller don't yet have all the paperwork nece...
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Hey BP!I wanted to ask for some advice on a triplex. This is going to be my first property, and I am pre approved for an FHA. I plan on living in one unit while AirBnBing the others. After spending the past two years ...
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In Chicago it's common for multi-family buildings to have a coach house behind the main building, which 120 years ago was legitimately for storing your horses and carriage, but now has been converted to an additional ...
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Hey all! I am new to the Milwaukee area and real estate investing in general. I've been living in Bayview for about 3 weeks now. I'd love to hear opinions on what the different "zones" for property classes. Is ther...
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Ive got a friend of mine that is a bank loan officer and he believes that he could get me a loan to build a rental duplex. Lets say I can build an economical duplex for 70k and it would be appraised at 100k. So, the b...
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One of the questions we get all the time from potential clients who listen to Bigger Pockets is: "can you work with a seller carry?" The short answer is: no, not technically. The seller carry, as most people underst...