Cody DeLong
Looking For 1-2 Year Bridge Loan
Running into my first low appraisal and need a bridge loan until I can stabilize the property, bank knows that once its stabilized we will get the high appraisal we need. The appraiser went with sales data instead of ...
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 ?
Jerry K.
Bloomberg article on SD IRA & Real Estate investing
Bloomberg had this article on using SD IRA and investing in real estate from November 27, 2012
http://www.bloomberg.com/news/2012-11-27/investing-in-real-estate-with-a-self-directed-ira.html
Alex Tang
Security Deposit for Sellers who are temporarily renting?
When a Seller wants to rent out the home until their new place is ready, is advisable to charge them a security deposit? Since a walkthru prior to closing doesn't sound useful, would a security deposit offer similar p...
Josh Ridgely
Noob question about refinancing
So I bought a house in January 2020(perfect timing I know). Bought it for $60k and did most of the rehab myself along with my wife. We have since moved and are going to be done with the house in around a weeks time. T...
Jarrod Johnson
Moving out of State - Become first time landlords or Sell?
Hello,My wife and I are relocating to another state, and we are considering a few scenarios that come with it. We are looking at a few options.1. Sell House2A. Rent 2B. Rent + Convert our detached building into a stu...
Christina R.
How to Conduct Business in 2 Family Owner occupied House - SMLLC
Hi all,I am in contract on a 2 family home in which i will live in one of the units and rent the other. I opened a single member LLC and have the contract in the LLC name with me personally guranteeing the loan, okaye...
Shalante Davis
Help!!! Selecting the Right Self Direct IRA
Hey BP,
I have been self employed for the past 3 years. I have been doing some research on IRAs, but at this point my eyes are starting to cross. I have a nice amount of money sitting multiple retirement plans from ...
Wade Fiegl
fire insurance claim and taxes
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...
Allen Yeung
Need advice on what to do with my 1031 exchange
Hi all, I'm looking for some advice on what to do in my situation here. I'm currently selling my rental property (~$160K) in Largo, FL because my renter is moving out, HOA is increasing the prices and I'm out of state...