Ryan H.
Beginner Questions re: Refinancing
Hi all, I'm considering refinancing and am having some trouble clarifying what terms to pursue. I'd be interested to hear your feedback regarding my circumstances:Background:- I'm a new real estate investor with one ...
Jacob Page
Whole Sale question (P&S)
Hi all,
I have a potential seller who is in a bind and wants to back out of a P&S agreement they signed with another buyer due to the amount of time it is taking to sell property. They don't know if they will ha...
Nicholas Colbert
Questions About College Rentals
Hello, to start off I would like to say I am a complete newbie looking to get into this real estate game. I currently live near a college heavy area and was wondering what peoples thoughts and expirences are with buyi...
Cholhye Kim
Tax and refi questions
Hi, I am in a predicament as it is my first year as a 1099 tax payer and I have a ton of write off. I made 38,000. I recently purchased a home with 3% down a few months ago (295,000 home). My pmi is 112 a month. Curre...
Owen Lee
Philadelphia CMX-3 question
Hello, I'm looking to purchase a CMX-3 property currently as a single family. The current owner never bothered to get a use permit/variance for single family use. It's been rented out for years without an issue.But I ...
Bill B.
Owner Financed NPN Question
Hi!I'm evaluating two NPN investments. The twist is that they are Owner Financed notes. Are there pitfalls and/or unique issues tied to the fact that the investments are NOT institution based, but owner financed?I'm...
Rich Hupper
Question about state liens
Hi BP. When it comes to liens such as one for an extended stay in assisted living where the facility is paid through the medicaid fund. If the person sells their property before the state can attach a lien, will the s...
Account Closed
Questions on Mortgage scenarios
Please take a look at current mortgage scenarios provided by mortgage banker.Plan: To start my REI career using BRRRR Strategy.Questions:1. Do you think IHDA will work good for my situation ?2. Will it be a good decis...
Jash Sayani
Schedule E Basics Questions
Hello,This is my first time filing a Schedule E (Real Estate income) and had some basic questions.1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?2. My property manager gave me a 1099-MISC ...
Steven Mitchell
Property mgmt fees question
Hello,We recently bought a property we need to be managed. When signing the contract, we noticed they charged 10% of gross and 50% when they find a new lease, which we agree with. However, if we fire them before a y...