Chris Clothier
FNMA Deed Restrictions and Loans
I would love to get some insight from anyone on the site who has dealt with this situation.
I think many of us are aware of 90-day deed restrictions. Has anyone had any trouble borrowing funds to purchase an FNMA ...
Rumen Mladenov
Old lien... How to proceed?
Hi BP community!
I have a property under contract that has a lien from 1976 that has not been recorded as satisfied. House was sold in 1978 and then again in 1985, and I am purchasing it from the heir of the person w...
Tom Gimer
Why would a lender NOT approve this?
Short-sale approval obtained a while back... it's Friday, closing is Monday.Purchaser had something come up and now wants to buy a different property and have his "friend" slip in and close on the deal. Assuming the r...
David Sisson
How to deal with expenses paid out of pocket?
Hi, I'm a new owner of a distressed commercial property. The property is owned by a LLC. I own the LLC outright. I've set up a separate bank account for the LLC, and am tracking all expenses through quickbooks.I've be...
Jason C.
Travel Expenses for Rental Property
Hi everyone, I have a rental property under a single member LLC, so I filled schedule E this year. Hoping to get more clarification/ideas how this travel expense might be deductible:Meeting with a CPA in another state...
Nick J.
Dear Brokers
So, I've got what I consider a friend and colleague who is about to get her brokers license. We've talked about it before and we're still talking about opening a brokers office together. She'll bring the real estate e...
Daniel J Lopez
Advice for New Realtors
Seeking out experienced Realtors who would like to pass down any knowledge or advice for newly licensed Realtors. Thank you!
Kirby Davis
$800k Cash - Strategy Advice - PLEASE HELP
We have a farm that we built 2 years ago under contract to sell, which would net us ~$800k. This cashflows ~ $100k to us annually plus the tax benefits net us another ~ $50k in tax savings thanks to depreciation impac...
Beverly Buella
Title company contact
Hi there,
I met someone who works for a title company at a networking event last week and exchanged info. Just curious, I already have a title person that I've worked with, but always think it's good to make...
Richard Licon
Private Money Broker certification
I am thinking about picking up my Private Money Broker certification, as way of adding an additional stream of income, but I want your advice if you feel the certicication is worth the effort? Is the certification a r...