Micaiah Marquette
Seller Second Mortgage on an 80% LTV First Mortgage
Hey guys! I'm new here and I have spent a couple of years studying real estate investing strategies. My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a s...
Michell Chase
Builders risk insurance companies
I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant. Can anyone recommend a company that offers a builders risk policy to cover ...
Jocelyn Bernstein
Pay or quit in Alabama?
I have multiple properties that I finanace in Jefferson co. I drew up a land agreement which stated that I allowed 30 days for buyer to pay rent or the contract could be terminated. When I posted on a different websit...
Melanie Baldridge
IRS Form 3115
What a lot of people think:
Bonus depreciation is only for new properties or acquisitions.
The truth:
You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the ...
Matthew Lindsey
Foreclosures and Evicting Curious Question
Hi, I’m starting to really look into buying foreclosures in my area in GA but I’m trying to run possible scenarios through my head on things that I might encounter. One question I have that I can’t quite find the answ...
Jemini Leckie
Unrelated Tenants In a House Hack
Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend. I understand that they would all be considered ...
Kim Meredith Hampton
Service Animals, what's an owner to do?
I manage real estate for investors, and wanted to hear from the insurance brokers as to what your feel is for the growing number of "service Animals" in rental properties. The biggest concern that I have is that we ca...
Dustin Li
About to close on a property, was just notified the city has condemned it.
Out of state investor here, first time investing in the Columbus market. I am currently under contract for a property that was recently renovated. Inspection checked out without major issues. I had someone on the grou...
Kathy Hacmac
Tenant painted original woodwork
Our tenant, without permission, painted original shellac woodwork in her apartment. We are restorers and this was original untouched woodwork in a 90 year old house.We are of course furious; she is non repentant but w...
Etienne Martel
BRRRR Financing Problems
Hello!A couple of months ago, I started to purchase properties in Memphis in which my plan was to do the BRRRR process with. Now I own 3 properties free and clear, the repairs have been done and 2 of them are currentl...