Dave M.
LLC question for first time rental property owner
Hello! I found this EXTREMELY helpful forum while Googling for info on LLC's as they relate to rental property ownership. I've already ready a ton of very good info, but I have some specific questions I can't find ans...
Nate Bell
Seeking Revenge on a Lender
I know, it’s a little dramatic. But really, I’ve had a lender just totally underperform, lie, dodge, stall, and then blame me, and I’m about to miss a closing date as a result. I’m now either gonna lose my earnest mon...
John Hanson
How to Finance
Early next year, I'd like to by a condo, probably in the $140,000 range. I will move in and possibly do a light renovation. I may stay there indefinitely, or I may move out at some point and make it a rental. Condo...
Roy Gutierrez
Contractors wanting to get paid cash
Hi guys,
I'm sure a lot of you, actually I'm sure ALL of you have run into contractors that want to get paid cash, no receipt, there's one that I know does good work he offers a very good price but he wants a...
Saran Mandhadapu
Financing quote from a bank -- is this good???
Hi,I am purchasing a multi-family unit for $175,000. Here are the loan terms I received from a bank, please let me know if this is good in current market. This is a commercial loan.Interest Rate fixed for 5 years = 4....
Account Closed
Starting out: Looking for strategies to lower closing costs
Hi there, I'm Didi and I live in the greater Philadelphia area. I'm looking to start my real estate investment journey with a house-hack. I have good credit and I've been preapproved but when it comes to the total amo...
Kyler J Sloan
Represent Myself and Seller as a Dual Agent
My neighbor wants to sell me his house and I was wondering if it is possible for me to represent both of us in the transaction as a dual agent? Thanks.
Alex Mitt
Bad deal - what should I do next?
Hi, community!
I'm down to my 4th single-family deal, I am an out-of-state long-term investor and I'm still learning a lot. My last one is not turning out great. I take all this as a learning lesson on how to not do ...
Nate Robinson
Bought at the top, what are my options?
Hi there,
Im brand new to real estate investing but running into a problem I’m hoping the BP community can offer some advice on.
We have a town home we love and are now renting. We bought a house for more space and...
Stuart M.
Pub 527 says don't include certain closing costs in basis?
In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...