John Taso
Mom gifts, I buy, sell to mom, I buy back
Hello!I have found myself in a bit of a situation...I am currently in contract to buy a house. Due to high volume, the appraisal is set to take place a full month from now - on the day our contract period expires. We...
Robert Zabel
California Moratorium / Lease Agreements
HI BP Team - I'm in the process of purchasing a tri-plex investment property in CA. Rents are under market by about $300 / unit so my goal would be to get in there, clean the units up, and increase to market rate onc...
Tj Derry
Good Time to Start Renting Out a Property
I am looking to buy my first rental property's this year. With Biden extending the eviction order, is it a good time to start buying properties to rent out? I am concerned if I buy a property, place a tenant in the ...
Rachan M.
401k default + IRA loan shelter
Good Morning you all,I have a basic IRA question. I took a loan from my 401k in 2017 to buy a property. I got laid off from that job in 2018 and so the loan is now in default for $11,675. I am told that I'll save on p...
Marty Summers
SFR that has a basement finished
We have a SFR home that is just about finished to be rented. It's a 2 bed 1 bath home with a basement that has a finished living space. My question is how do you landlord's deal with tenants complaints if that basem...
Liz C.
Property Purchase procedure on Tampa Florida
Hi all ,
I have an accepted offer on Tampa Florida , what's the purchase procedure ?
The agent told me I only have two weeks to close for cash deal. ( is normal to close in just two weeks ?) I will be purchasing usi...
Sean Olsen
Purchase Offer Extension
Hello BP, I am a new agent with a broker who isn’t the biggest help. We made an offer last week. Last night the offer expired before both (husband signed but not wife) my clients were able to sign the extension. The w...
Michael Mignogno
Tips for Surviving a Bubble
Hi All, I am constantly seeing discussion that either support or reject the idea that we are in an actually bubble and whether it will burst soon, has already burst, or wont burst at all. Rather than argue about if t...
David Lyons
Purchasing a Duplex with water damage/ Insurance company
Yesterday I accepted an offer on a duplex. I found out that under the kitchen sink, there is water damage that extends to the middle of the kitchen (possibly a 4x4 area) in one of the units (the one I plan on living ...
William Smiley
Business Line Of Credit
Hello,
My wife and I have recently purchased our first property, and started our LLC. We have been using our own money to upgrade the property to increase its value. But this limits the amount we can put toward purc...