Jimmy Le
Did I just buy an REO property for $2,000?
Hey BP folks,
I recently purchased a property at the Houston Texas December foreclosure auction and was wondering if anyone had insight on a similar situation....
Looks like first mortgage foreclosed on this house b...
Eian Siddiqui
Where does the excess money go after an auction?
Hello, I am a starting my journey in real estate and learning whatever I can about the business. I went to a couple of auctions around my neighborhood and was curious about one thing. Where does the excess money go af...
Stephen Lofthus
GC TRIP CHARGES?
Do the majority of GC's charge you for doing a job analysis on your property? Like a trip charge etc? I have met with a GC that I like and has done good work through references and so on, but charges to do a walk thro...
Page Huyette
Property lien for seller financing--How to structure this?
I'm looking at a duplex with seller financing and trying to determine the best way to structure the deal so I can refinance at a later date. Upon talking to my local bank about the future refinance of the loan into a...
Carlos Lez
Applicant with ESA
This is the first time I am receiving an application for an applicant for a studio with an ESA Cat. There are numerous posts about ESA laws but I am unsure as to what is the latest in Palo Alto CA. What documentation ...
Michael Cavicchi
Rezoning in CT from a 2 family to a 3? 3 to 4?
Hey guys how's it going? Long time no see here. Anyway I haven't given up on my real estate investing but have still been researching more than ever and have slowly worked my way into realizing multi family is a way ...
Jon Kim
Bonus Depreciation for STR then LTR?
Hello everyone, hope all are well, I'd appreciate insight on a question- if I take bonus depreciation after a cost segregation study in a year, then do STR and it's just not for me, can I then convert to long term lea...
Kevin S.
Buy Real Estate with Pre-tax (401K/SIDRA), Roth IRA or after tax dollars?
Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD. As expected, he recommends Roth conversion and ...
Eric W.
VA assumption for investment?
I was always under the impression that a VA loan could not be assumed for investment purposes and that it must be for a primary residence, which typically means occupancy of the residence for a year. However, while sp...
Mike Bell
Income standards for new tenants
When you are in the evaluating process of looking for new tenants in reference to income. I always want them
To make monthly income of (3) times the monthly rent. Should that be taken from gross income or net income.