Katie M Reece
Does the buyer inherit the PM contract?
I am in the process of purchasing properties that are currently under contract with a PM company. I have asked several times for that contract to make sure I will not be bound to use them. The properties are in a comp...
Brian Scott
Cost Segregation on a Personal to Rental Conversion
The tax publications say when converting a personal home to a rental, the basis is the lesser of the FMV or adjusted basis. 1. Is there any rule saying one couldn't do a cost segregation when converting, to bonus depr...
Donovan George
Proof of Funds for first wholesale deal
Hi all! We are working our first wholesale deal. We are stuck on the step of having a POF letter ready before making offers. I have read of besttransactionfunding.com to get a free POF but that makes me a little weary...
Frankie Parker
Are tenants responsible for smaller items not specified in lease?
I have a question regarding smaller items in rental properties, such as pillows, door mats, small floor mats, bed covers, etc. To make the answers unbiased for either side, I would like to ask this question both as a ...
Michael Baradell
Utilizing Clerk of Courts
Hey Guys,Can anyone offer advice on obtaining records/information from the Clerk of Courts? Where to start? What to search for? I'm trying to have a game plan in place so when I do start my research, i'm actually bein...
Benjamin Blackburn
Possible wholesale deal. When do I take the pictures?
Hello everyone,
I have a possible appointment this weekend to meet with a seller. I'm wondering if I start taking my pictures of the property on the very first walk through or after I get her to sign my contract?
T...
Victor Triana
Applying for a loan
I would like to start investing in real estate as an owner occupant, I just recently got discharged from the Marine Corps and will be using my VA Loan for a 0% down payment.I have a good amount of savings around $15k ...
Alexander Gill
PMI request for removal at 80% LTV
I requested in writing to have the PMI removed from a conventional residential mortgage loan. The loan is less than a year old. My LTV is 78.7. Per the closing documents and Freddie Mac guidelines, I made a conforming...
Lane Nelson
BRRRR - Refinance Timeline
I am in the process of doing my first refinance on a rental property that I originally purchased a year ago. The same lender that did my original loan is doing the refinance. I'm a little over 2 weeks into the process...
Sarah Dawson
Making an offer on a PN - due diligence 'clause'?
I finally found a PN I would like to make an offer on! I know that when I offer on a property I can easily not move forward with anything I find with an inspection clause. Is there something similar in the due dilig...