Michael H.
Reverse Mortgage
I was recently contacted by a friend's mother whose neighbor has a reverse mortgage and will be "losing it" to the bank.
Is this considered a foreclosure? Will it go to auction?
I'm planning on contacting the bank th...
N/A N/A
LLC issues
We have established that to truly protect ones assets, one needs to hold all rental properties in a LLC. D/B/A is not the same thing. This gives the property owner no protection. How should a new investor approach ...
Lisa Gerard
Owner financing offered, property has a reverse mortgage
Found an opportunity for a tri-plex property offering owner financing, 12% down, 0% interest at a reasonable asking price and good rents. Sounds great! Then she tells me she's got a reverse mortgage on the property....
Melanie Baldridge
For Limited Partners
Did you know that Limited partners or real estate investors can absolutely benefit from depreciation?
RE Pro Status supercharges this.
If you or your spouse are an RE Pro, your LP investments can lead to depreciatio...
Jon Acosta
"Subject To" Purchase from a Motivated Seller (HUD Home)
Hi BP,Quick question that I can't seem to get a straight answer on:I have a VERY motivated seller who needs to sell their home, like, yesterday.The only potential red flag I see is they purchased the home from HUD in ...
Diego Romero
Small building Condominium in Chicago
Hello,First time posting here. I am looking to buy a potential 2/2 condominium unit. The unit is part of a 4 unit building. The reason why the deal intrigues me is that it is a condo unit in Downtown Chicago that is n...
Guillaume Derouet
Property lost due to fire
Hi Guys, when you completely lost a property due to fire, can you write off the entire value for the taxes?How does it work?Please let me know.
Grant Garbo
Airbnb, In law suite
Hello All!I have recently purchased my private home in San Antonio, TX. There is a very spacious in-law suite in the rear of the property. I am confident that through airbnb I could bring in between $1000 to 1500 a ...
Danny Shore
closing costs & settlement costs
"When you receive a Good Faith Estimate, these are "estimates" of what your closing costs will be. The reason these are estimates, is the actual costs will vary slightly. There are several unknowns on a purchae transa...
Jonathan Dicks
Recent transplant to Houston - time to invest?
Hi everyone,My name is Jonathan and I recently moved to Houston, TX. I have begun looking around at properties. Would love to hear from local landlords about their experiences here in Houston. How the market is perfor...