Tim Kaminski
Seller can’t find leases
I am closing on a duplex Monday and the seller has been dragging his feet on sending over the leases of the current tenants and now he is telling my realtor that he cannot find the leases.He has said verbally how much...
Roger Leonard
203K Loan Real Estate Commission Issue
So, my friend is closing on a "Officer Next Door" (half price) property via HUD in Los Angeles. The house needed repairs so the standard hud loan did not work. He was placed into a 203k loan. He is about a week from c...
Michael Woodruff
What are the numbers needed to wholesale a real estate deal???
Looking for the know how and best strategies to calculate a wholesale deal.
Nick Backes
Possible Difficulties with an Inherited Tenant
Hello BP!I put my first deal (a duplex) on contract yesterday in Wisconsin. The property has a tenant in one of the units on a month-to-month verbal lease for below market rent in the area ($1,050/mo vs approx. $1,40...
Tom Gillotti
Frustrating lender experience
I recently began working with Roofstock.com to find a turnkey property. So far my experience with them has been mostly pleasant. I've put in a few offers but haven't been successful yet. That's probably a good thing, ...
Nicholas Dinis
1st deal done, closing on 4 more 3 months later.
Just got out of the Marines September 1st. Opened an llc got my first deal, got confident in my strategy and have 4 more accepted all out of state. I’m just a nobody here to let you know it’s possible. Got all of my l...
Timothy Stewart
1031 in 31 days? Or Reverse 1031 and cross my fingers?
Hi BiggerPockets, Tim here with a complex situation (at least to a rookie investor such as myself). I am a 24 year old college student in Idaho, and am currently working on my first real estate investment deal. M...
Bruno Tavares
How delayed capital expenses affect Cash-on-Cash
For all the math geeks out there, here's a question on how to handle Capex in your Cash-on-Cash calculation.
Bought a property for $150,000 already rentedAfter 12 months I did a $6,000 renovation I knew going in I ha...
Allen B.
Form 1099-S for 1031 exchange
Hi All, got a bit of a last-minute issue here.I'm closing on a number of properties over the next three days. The proceeds are being swept together into a 1031 exchange. My question is about how to complete the Form 1...
John Leonard
Questions to ask mortgage broker at 1st meeting
Hi everyone! So I’m working on my networking and building my “team”. I am meeting with a mortgage broker on Wednesday. I do not have a property yet. I am just seeing where I / we (wife and I) stand for prequalifing fo...