Jacqueline Mann
I want to see the bank's appraisal and write them a buyer letter
I'd like to make an offer on an REO. It will be a major rehab. Comps are $175K. I estimate repairs at $42000. My formulas tell me to offer $79000-82000. The bank is asking $125K. I'm concerned that the bank will not ...
Angel Glancy
Suing Tenant for Delinquent Notice??
My partner and I just purchased a duplex which had tenants on both sides. We gave 60 day notice for one tenant to move out so we can move in. Tenant has been extremely difficult but finally moved out this week. Howeve...
Nick Kelly
HELOC As Down Payment For Rentals
Hi Everyone!I just refinanced my duplex (owner opp) from an FHA to conventional to take advantage of lower interest rates and get rid of PMI. My goal is to acquire 1-2 residential multi family this year. Im consideri...
Daniel A.
Schedule E or Schedule C?
We're a married couple that both work W-2 jobs (approx. $200k together in 2023). We launched our first STR last fall (2023). It was a new build, and we spent quite a bit of time and money to get it up and running for ...
Patrick Rafferty
NJ Property - Tenant Out, Most Belongings Left Behind
My tenant just moved out after a painful experience with her. At the end of her lease she is 3.5 months behind on payment and I'm not anticipating receiving it. NJ is tenant friendly, so she timed it well where the ...
Sam Tright
How much to bid on Post 3rd sale liens?
Saint Louis MO has a large list of Post 3rd sales. A local lawyer did a video on the process and mentioned a good starting bid is the full amount of taxes owed, but not interest and penalties.Do you guys agree with th...
Jonathan Watson
Stay w/ a 15 yr @ 2.75%, or go to a 30 yr and take the cash?
Just looking for a little advice/insight into how best to approach my mortgage.Current Situation...I have 15yr fixed on my primary res. with 14 yrs left. I owe about $225k on it still (home is worth about $485k). Int...
James Triano
The Average American
The Average American, or Average Joe (Josephine), is something we hear a lot about. They have an average amount of credit card debt, an average amount of cars, and average amount of kids, etc. This is all well and g...
Gary Gristick
Commercial hair salon purchase
NEED ADVICEMy Father owns a commercial building that rents $1600 a month (long term salon tenant). He owes about $38,000 on the mortgage loan. I want to purchase the building off of him but not sure how to go about it...
Logan McConnell
Credit reports - collection accounts
Hi, I just got my first credit and background check application. I am not familiar with credit reports. I understand the credit score part, but does anyone have any info on collection accounts? Is it a red flag for...