We hold a promissory note that has come due, and have received a payoff demand letter from an escrow co. that is not local.Escrow is asking for:the Note, the Trust Deed, Order to Reconvey signed by usPolicy of Title I...
Have a lead on home that currently has a section 8 tenant. The tenant has been there 7 years, owner says not likely to leave. Rent is $600, he wants $32,000. If I should rehab ARV = $78,000, rehab=$17,500. Would you...
So I have a friend that rents out to tennants, I believe that the property isn't up to standards and he could probably get in trouble if he was inspected. So what does a property need to be legally rentable? And does ...
Hello BP!I have an accepted offer on my first property that I am purchasing with all cash. My strategy was to purchase with cash, rehab, rent, refinance. I just recently learned about the "seasoning" period which fr...
If anyone can provide some info it would be kindly appreciated. My Uncle wants to quit claim one of his properties to me. The property has been paid off and he is basically gifting it to me. Would he be able to claim ...
I need some help in figuring out my next step. I've had new tenants in my townhouse rental since October 1, 2014. They pay their rent on time, I've done 1 walk through so far and everything looked great, but I'm hav...
Are there any tax pros or cons in owning a vacation rental in a foreign country?I'm also looking for a CPA in the Oklahoma City area that specializes in real estate investing. Thank you for your time and help
Hi Landlords,I have a question. We're at the final stage to screen tenants. We're asking for the 2 latest pay stubs and bank statement to verify their income. And prove they have enough fund to pay the rent if they're...
Does anyone has experience working with "The Lender" to finance a short term rental property? When we spoke to them last week, they mentioned that they can easily do 20% down with no experience needed as being a host....
Hey BP,I'm about to hand over the cash on my first mobile home purchase. Aside from myself, the seller and the owner who financed him will be present with the title. What paperwork do I need to execute this transactio...