Mariah Jeffery
Mechanics of seller financing
I'm about to make an offer on a multiple-property deal with seller financing and I have some questions. I assume if the deal gets accepted, I'll need to get a real estate lawyer but in the mean time, I'm thinking of t...
Nellie Bentz
Escrow: why don't I understand it?
Anyone in here care to educate me a little on escrow? My escrow account keeps coming up with what seems like fairly large shortages.I'm not very good with math, and I've tried going over the escrow statement with my m...
Vish Rav
Seller not approving to disburse earnest money
Hi BP,Wanted to get some feedback on this forum. I was in active negotiation with a Seller for a duplex property in Portland, OR. The Seller misrepresented the operating expenses for the duplex during the course of th...
Account Closed
Where to put profits from my home sale?
We will have a few hundred thousand dollars to invest after our home sale. Not only do I want to avoid paying taxes on that money, but we want to invest it as well. Initially, we would need access to approximately $50...
Daniel Hart
Subject-to transactions, are you writing off the mortgage interest?
Deed is your name, mortgage is in previous owners name, you've been paying the mortgage, do you write off the interest? My accountant says I can't...
Tyrone Smith
Tenants want out of lease for bigger house willing to pay
I have tenant that has been renting for a year and convinced me to reduce my rent and signed a 2 year lease 4 months ago. They offered to by the rental just 3 months ago and used their deposit for earnest money and wa...
Account Closed
Help with rental/value price
First off, I am new to the forum but have learned so much. Some info:I will be buying a short sale for $110,000 in need of renovation (estimate around $70k updating everything including electrical/plumbing) that is i...
Nathan Gesner
Why are so few applying for rental assistance?
Wyoming opened their Emergency Rental Assistance Program two weeks ago. As of today, they've only received 2,500 applications, totaling $5 million in rent and utility assistance. The program has $160 million available...
Chuck VanDyne
I won’t invest in rental property in my Self-Directed IRA!
I won’t invest in rental property in my Self-Directed IRA!Yes, I said it! In most cases, it isn’t advantageous to invest in rental property in with my Self-Directed IRA. Since there are a number of prohibited transact...
Ryan Mitchell
Best next steps for 200k in capital
Good Morning BP Community!
This post may get a bit long and detailed, but all of the up-front information is relevant to my question.
My wife and I recently completed our live-in flip on Cape Cod, MA. The final chec...