Ryan Stirling
FIRPTA/HARPTA Withholding - Seller is requesting SSN of Buyer
Context: Seller is a foreigner to the US and special tax withholding must take place via FIRPTA/HARPTA. In the offer, the seller is requesting that we add this term to the contract:Request: “Buyers authorize Escrow to...
Account Closed
Help. Can't get funding for good deal.
I was set to close on a fourplex in Cincinnati (4430 Ridgeview) on June 15th in one week.Unfortunately I have been unable to get any funding through traditional or hard money lenders.The numbers look decent to me. $86...
Pete Storseth
Seller finance, the basics.
Hello BP. My favorite place on the internet .I'm a newbie, I dont have over 5k, I dont make enough to save 30 or 40k this year, but I'm committed to be a landlord... housing provider....So the banks are out. FHA loans...
Manny Oko
Finding that First Deal
Whether you’ve been doing this for 10 years, or you’re like me and just starting to get into the swing of things I am sure we all had to start somewhere and find some creative ways to find that first deal! I know som...
Christopher Freeman
FHA and Shared Housing
Howdy,I have a small portfolio of rental properties that I rent out on a "per bedroom" basis. I'm not clear on how the FHA applies to this type of rental. Because my business model means that I'm choosing roommates fo...
Michael Nahm
What can I reveal as reason for denial?
I recently had to reject a potential tenant due Their credit report, specifically, a couple of accounts are in collections.In the message I sent, informing of the denial, I simply wrote that the denial is having to do...
Jose Botello
Newbie Investor with possible first deal
We’ve been looking into investing into real estate and we have an opportunity to buy a duplex that has a vacant side and an occupied side. We are thinking about living in the vacant side while we build a house on our ...
Craig Steltz
Opinions on Declined Mortage and fee
All,
I recently applied for a mortage on an investment property. There was a small non-refundable fee for application. I went in thinking there was absolutlely no way it could be declined. I have perfect credit. Me...
Kay March
Buying Partial Shares of Property
My two sisters and I have to sell our interest in three apartments in another country. We and eight other relatives have inherited the apartments, and we three sisters together have a 1/4 ownership interest. There is ...
Mary Jay
What reason is ok to use to refuse tenant in renting? (Is misdemeanor a good reason?)
Hi guys,What reason is ok to use to refuse tenant in renting? (Is misdemeanor a good reason?)State Florida...