M. Turner
Bank foreclosed on second position before first
I recently bid (and won) a foreclosure auction in which the bank owns both the first and second positions on a property. For some reason, they decided to foreclose on the second position first - giving me the opportu...
Jim McGovern
Texas: Excess proceeds in a foreclosure vs a bank REO sale?
I know that in Texas if a property with only one lien against it is sold at a foreclosure auction for more than the amount of the loan being foreclosed upon, then the excess is paid back to the owner who was foreclose...
Alexis George
Cash Flow and Debt purchasing multi-family
Good Morning!I have purchased single-family homes for LTR. Now I'm looking into multi-family. I am concerned about the cash flow regarding how much is a good net profit. I have heard 100 to 300 monthly for single-fam...
Emily Gilson
Can landlords charge for carpet cleaning?
We currently only have one rental property. When we first bought it we had the lease written up by a lawyer and it included that the tenant had to professionally clean the carpets when they moved out. We are now getti...
Greg B.
Have you ever thought about owning the golf course?
http://www.star-telegram.com/2011/07/17/3227011/lenders-to-sell-3-golf-courses.html
I don't golf but I have a lot of friends that do. Wonder what it would take to keep a golf course in the black? What are the many ...
Will B.
Taxation of Unrecaptured Section 1250 Gains
Hello!Set of facts:- Lived in a residential unit as a primary residence for a number of years.- Converted to rental and depreciated it for 2 years.- Sold in 2023.- Purchase price: $250k- Sale price: $350k- Depreciatio...
Gulliver R.
Structuring mobile home parks in different types of entities
Hi all,
I have heard two good ways to structure mobile home park ownership:
1. The Owner owns one Primary LLC > which then owns several Land Trusts (for anonymity) > then each Land Trust each hold title to one...
Aaron Bowman
Jerry norton's power flipper 3x
Ok so after much review and Google searching, I have decided to purchase and document my journey with his program. This will be the fist so called guru program I have spent any real money on. I have done some short sa...
Scott W.
should I keep or sell?
my wife moved in with me after we got married 4 years ago. She had a condo she put 3.5% down in 2004. we have managed to raise the rent $25/month each year to now being $975. our PITI (including $90 in PMI) + associat...
William Fargason
First Rental Tenant Lease
Hello,Sorry in advance for the lengthy post. And, I acknowledge any advice given on this forum is not financial or legal advice. We are new to biggerpockets.com and have recently purchased a SFH rental a block away f...