Dave DeMarinis
Stessa and Buildium for Accounting and Prop Mgmt
Is anyone using Stessa for Bookkeeping/Accounting and Buildium for Property Management? Can you generate a report in Buildium to download a CSV file to upload transactions to Stessa via the Stessa CSC uploader? Can yo...
Champ Leong
"Down payments" credit card or loans?
I have access to credit cards totaling over $20,000, but it occurs to me that getting a loan would be lower interest for a down payment. Thoughts? TIA!
Ross Ellington
Please help with some 1031 ?s
Good morning bp had sone questions on 1031. My first is can you use a1031 for primary residence to primary residence, would that be like kind? Or is it strictly investment? Can commercial be included? Also we know tha...
Vilson Nikollaj
Fund 501 Reg D - Financial Reporting Requirements SEC
Regarding investments in Funds under 501 Reg D, does anyone know if there are any financial reporting requirements? Such annual Balance Sheets, P&L Reports, Statement of Cash Flows, etc that the manager is legally...
Ilan M Aliphas
First time targeting an auction property... rookie questions
A property with the PERFECT location for a short-term vacation rental is coming to auction. I’ve done all the research and due diligence - I want to go for the deal. It’s a live auction happening next month. I’m lo...
Jackson Long
Commercial loan amounts
If I found a property that was priced at say 1m and had a 12% cap and a DSR of 1.5 (I don't even know if I can make those numbers add up- but bear with me). Then I find a bank that looks for a minimum of 8% and 1.2. ...
Kevin Christensen
Sheriff's Sale Assignment
BP, I am new to this. I see a property coming up for Sheriff's sale that I think i can get well below market. I need to put 10% down if I win the bid. If I do this, can I then assign it to a cash buyer, similar to ...
Chip Hoisington
How to avoid lender seasoning on backend of sandwich lease option
I was hoping to run this buy any of you guys who have done a sandwich lease option and closed on the back end with your tenant/buyer. I have a lease with option to purchase a property for $520K within the next 24 mon...
Account Closed
Paid HOA dues however....
Hi All,
New member and needing some advice/guidance. I moved in my house in 2019 and I have paid my HOA dues in 2021 and 2022. I received a letter in the mail stating they received my payment for 2022 but I have an o...
Christine F Baptiste
Making an offer on a Foreclosure
There was a foreclosure posted for $282,500 the owners purchased it for 230K and lost it with a balance of 185K I put an offer in for 220K and they countered at 279K, +7700 in closing, and 1K for lender required repa...