Matt Galas
Homesearch Auction + City Liens
I am looking to purchase a property through Homesearch in Illinois. Nationstar received a sheriff deed back the middle of 2014. Subsequent to them receiving the deed, both the city and the local sewer district have ...
Cameron Kolling
Mobile Home Park Depreciation
I am in the process of buying a small MHP consisting of nine lots with eight of those lots having trailers on them that will be purchased with the park. I am not finding a clear answer on how those homes will be depre...
Christopher Munn
Do I Get Info Before I Sign Purchase Agreement?
I think I know the answer to this question but I would like to verify it with the BP community. A partner and I are very close to closing our first multifamily and first REI. It's a small 6 unit that we see value in b...
Dante Feria
Quadplex checklist for closing
Hi BP folks , I will be closing on a quadplex this Friday which is fully occupied. Does anyone has a checklist of things to go through at closing and days after the closing ?
Pixel Rogue
eTrade announcement and Super/Mega Roth
Received an email today from eTrade requiring changes to be made to their 401k program.
eTrade is no longer supporting after-tax (nom-deductible) contributions to 401k plans (aka closed the door on roth conversion a...
Brian Nel
Renting part of a homestead property
I am looking for information regarding how HCAD handles a property with a homestead exemption where part of the property is used as a rental. In all definitions, the property qualifies for a homestead exemption but I ...
Jerome Adams
Zoomeral Business funding
Hey BP! Is anyone familiar with Zoomeral which is a platform where lenders & business owners are matched based on the borrower's profile and criteria? I've been trying to search all over google but I wanted to see...
Animesh Das
Documents needed for ”2 out of 5 years” home sales tax exclusion
Hello,
I sold my condo last week. I lived in that condo from 2012-2017. So I satisfy the “2 out of 5 years” rule that allows the home sales profit from capital gains tax exclusion.
I was wondering what documents do ...
Les Goss
Three Documents You Should Have When You Buy Notes
I just posted a new blog on this topic. I hope you find it useful...https://www.biggerpockets.com/blogs/7697/50523-thr...
Dean Baluch
Lender Can't Sell Loan - says I owe money AFTER Closing
I'm in a tricky situation with my first deal.I closed on an investment property in Georgia and about 10 days later the lender is saying that the deal violates a Fannie Mae guideline in that the cash back at closing ex...