Rich Ferradino
Land subdivision and 1098-S
I purchased land and subdivided the land into separate lots with individual addresses. I have 7 1099-S, one from each transaction. My question is can I combine all the income and expenses and have file it as 1 1099-S,...
Preston Hamilton
Lockboxes on houses
Just a tip for those out there doing shortsales. The best thing that can ever happen to making a shortsale go through easilly is to influence the appraisal/BPO. This must be done in person obviously.
A realtor broug...
Shawn Mcenteer
Mortgage insurance question
I found out today the monthly cost of a house I am looking to buy. The montly cost is roughly 1700, 180 of which is mortgage insurance. I am only putting 5% down on the house. I was told the reason i must pay the ...
Dilman R.
Which real estate listing site is more accurate?
Out of Zillow, Realtor, Trulia, Redfin, etc., which listing websites are more accurate?
Christopher Abernathy
We have $10k and no credit ?? where would you start ( CA / NC market )
Im in los angeles CA and i have the experience re habbing my partner is in NC and has the $10k capitol. I have been leaning towards Mobile home/lot/rentals. We would like to hear any unique ideas strategies and or ma...
Logan Gonzalez
Seeking Investment Strategy Advice..
Hello, investment noob from Texas seeking advice. In summary, I own a rental free and clear. I just inherited around 30k. Which route is more promising? Sitting on one paid off rental, using inheritance to make down p...
Eric Salgado
In Escrow Now. Should I push back close
Hello BP. In Escrow on a great deal thats close to the 2% rule. Here is the breakdown 2 units combined rents 1350Price 70K and 5K back at closing to replace single pane windows.Both tenants have stable jobs that appea...
Brandon Holtzinger
1031 exchange question
Is there anybody in the DFW, Texas area that has done a 1031 exchange. I am about to sell my only rental property, but I am going to buy another one. I owe about $60,000 and I am selling for $90,000. I would hate to g...
Account Closed
15/1 ARM with 10% down plus a 10% HELOC
Hello BP,
I am in the process of hunting for creative financing for my first primary residence purchase. Please comment if the below scenario looks like a good combination. I want to buy a 2-4 unit multi next...
Brandon Sturgill
Looking for Second Opinion on Financing Strategy
So, the question below was posed to my lender, who was quite vague with a response. I need some help with this strategy. Here are the particulars:
I have been contemplating a strategy to move into my current...