Dwaine Wright
HOA transparency
Greetings,
I live in a community goverened by an HOA. I have witnessed and been the victim of many actions by the board I would consider questionable, if not downright irresponsible.
Our board engages ...
Gordon Starr
Why is Dayton going up in prices and rents so fast?
Hi BP, I'm in Dayton Ohio (OH) watching houses being sold off the MLS in a big hurry for prices that surprise me. Its a new phenom in mostly C class Dayton proper.. You did not get these kinds of sale prices before. R...
Ashleigh Evans
Turned down for refinance due to "property not seasoned"
Hi BP!I received the final order for a tax lien that I rehabbed on 2 May (which means I now own the home free and clear). I want to cash out refinance the home in order to purchase another one. I discussed this with N...
Tom R.
Renters application information
My first property is currently in escrow. I am in the process of writing up applications and agreements. What kind of documentation do you require for your rental agreements?IE proof of citizenship or legal residency,...
Account Closed
Hard Money Lending License Requirements
Hello,Is there a definitive way to determine a states licensing requirements on hard money lending? Specifically, if I want to lend private funds on non-owner occupied residential properties, how do I determine if a l...
Account Closed
BRRR Hang Up
I love the idea of BRRR. But timing doesn't make sense to me. I get that you buy, rehab, rent, refinance, and repeat, but can someone set the average timeline for me simply? So...what bank/regulations allow for any of...
David Krulac
40% of 1031 Tax Free Exchange Transactions would not happen without tax advantage
There are proposals in US Congress to eliminate the IRS Section 1031 Tax Free Exchanges, which have been in the tax cade since 1924.http://www.realtor.org/news-releases/2015/07/nar-survey-finds-like-kind-exchanges-pro...
Christopher Gilbert
How long can an ex-property manager hold on to the tenants deposits?
I recently let go my property manager and took over the management duties on a couple of my houses. I resigned the tenants and local law states that if tenants move out the landlord has to refund the deposit within 3...
Jeff Tumbarello
Derivative Markets: An Explanation Presented In Banker-Speak.
Heidi is the proprietor of a bar in Detroit . In order to increase
sales, she decides to allow her loyal customers - most of whom are
unemployed alcoholics - to drink now but pay later.
She keeps track of the drink...
Lyle McCartee
Chambers of Commerce and BBB?
Greetings Colleagues,This is a question for all of you seasoned investors that have created your businesses from the ground up. I'm "in the works" of creating mine. I was wondering if any of you have become members of...