Sarah Jukes
Refi loan Rebate/Points reasonable?
6 months ago we got our 1st refi cash out against our home to purchase a rental property, plus a mortgage on that property. Costing us over $10,000 in broker/underwriter fees for the 2 loans. Our mortgage broker conta...
James Wise
FHA Disparate-Impact Liability Upheld
FHA Disparate-Impact Liability Upheld Read the full decision: Texas Dep't of Hous. & Cmty. Affairs v. Inclusive Communities Project, Inc., No. 13-1371, 2015 WL 2473449 (U.S. June 25, 2015)In a much anticipate...
Nick Miller
when screening tenants what are the BIGGEST things you look for?
A month and a half ago I rented out a property to a promising prospect... She had adequate income, sterling references, great job history and one small dog.
As it would turn out she also had cats, extra room...
Andrew Ager
BRRR strategy ( funding hard money lenders )
I have a deal lined up but I’m hesitant about moving forward. I am going to be using hard money to purchase the property. My problem is I have to rehab the property before tenants in which may take up to 3 months . Du...
Mario Morales
RE Credit Carryforward (CF) of $5.5-from CPA
Help BP community! What does this mean "Biggest items to note are the RE Credit Carryforward (CF) of $5.5k which will be netted against the real estate taxes you pay. In other words, you may not be able to deduct any ...
James Pollock
Best Form of Back Financing
Looking for advice on the best form(s) of bank financing. I have typically been getting commercial loans with a 20 year amortization at up to 80% loan to value. This works fairly well when it comes to holding the pr...
Millard Wilson
I need some input! Any feedback would be appreciated!
Okay so here is my situation, I just closed a deal on my second investment property. Both of my properties are paid for and I have my home that I just bought about 7 months ago that me and my family stay in. I have th...
Jace Holt
New Markets Tax Credit - Has anyone worked through the credit?
I am working on an apartment complex and commercial space project that will cost between $10M and $15M. Fortunately, it looks like we will be able to qualify for the new markets tax credit (NMTC). I do well with proje...
Katrina Cebrian
Applicant With 2 Recent Domestic Battery Arrests
I have an applicant who has a relatively recent history of two domestic battery arrests but no convictions. Can I legally reject his application based on this? A little background- my husband and I are newbie buy and ...
Michael Zack
Discrimination? How to prevent it.
I had someone inquire about the other unit in my owner occupied duplex. It's an old house and most likely has lead paint. Also, not sure I would want to hear a 3 year old running around all the time. For these reasons...