Shahid Iqbal
Seller backs away - 'specific performance' possible?
Hi Pros,
I can use your guidance here.
I have scenario where buyer signed a contract to purchase a piece of land here in Texas held by a trust. Contract is using standard 'TREC Unimproved Property Contract' with sel...
Andy Sabisch
How would you approach this purchase
OK, this is a first for us. Looking at a duplex . . . . the numbers look good, condition of one side looks good, exterior looks good . . . . . but . . . . Walked into the other unit and not even in the kitchen we loo...
Kiran Dhaliwal
Short Term Rental - To partner or not?
Hi everyone! I'm looking to purchase my first investment property to be used as a short term rental. In your opinion, should I partner with a friend? Or should I wait until I have enough capital to purchase the proper...
Chad Bartlett
Short-Term Rental with Friends...
Tell me why this is or isn't a good idea....My friend and I currently own 11 single family homes, and we have great cashflow and equity in our portfolio. Our 'plan' is to purchase a short-term rental, and we are curr...
Brielle Phillips
At a loss...rip down or try and restore?
Hello BP Community,I am in desperate need of insight here. I purchased an up and down duplex in Upstate New York March 2021. Its an old home built in 1910 that definitely has needed and continues to need major work. W...
Toks Akindele
What is an NMLS# provided by a lender
I was recently talking to a few lenders about doing a Cashout Refinance and I noticed that some of them had an NMLS# on the marketing material they had given me. I had always assumed that Realtors had an MLS number b...
Michael Alegria
Real estate appraiser duties
I am in the process of a mortgage refinance.
The refinance mortgage amount is $100,000. The appraisal amount is $245,000. I paid $700 for the appraisal.
. The appraisal was “subject to” installation of water heat...
Sheng Rao
Tenant offering to do washroom renovation for free?
Hi all, hope everyone is doing well.I am a small multifamily landlord based in Toronto, Canada. Recently one of my tenants asked me if she can hire a contractor to renovate the washroom tiles as she wants to make it l...
Julio Gonzalez
Office Building Cost Segregation Study Example
Without a Cost Segregation Study, this $900,000 Office Building in Kalamazoo, Michigan purchased in 2021 would have generated first-year depreciation of approximately $23,000 By applying a Cost Segregation Study, th...
Keith Amado
Property Management Recommendations
I'm actively looking for an investment property in Kansas City and looking to identify a great property management team to assist me with the portfolio I'll be building. I'd welcome any suggestions and or recommendati...