Sean Rozenberg
4plex zoning issue on appraisal
Hi everyone! I have a fourplex that I am selling in Indianapolis and just got an email from the buyer's agent that property may not be legally zoned for a 4unit. In the email that the buyer's agent forwarded, the appr...
Cee Boswell
What constitutes seller breach of contract?
Made an offer to purchase a home in Charlotte NC. Seller disclosed there were no existing problems with the plumbing, water heater, water supply, sewer etc. The home inspection showed there were problems with the pl...
Peter Assaad
When to evict - late payment
Hey guys, just curious in the state of New York how long you go waiting for rent before you serve an eviction notice. I have a tenant I can't reach and they have been 3 weeks late on rent... I imagine it's going to co...
Account Closed
Quick question about syndication
Hi all,Quick question - I have a basic understanding of syndicating deals as I'm still very new to real estate investing. I realize that if everything goes according to plan the HML typically gets a preferred payout a...
Michael Doll
Duplex: Overpay on mortgage
Hey everyone, I just bought my first duplex and was wondering if I decide to overpay on my monthly mortgage payment, to save on interest paid over time, am I able to expense any of the over payment made against the in...
Chingju Hu
How much cash reserve?
Hi BP!As a solo person buying rental properties (and not a big real estate corporation), I'm wondering how much cash reserve do you typically do for each property??I like to have cushion in life, and for own living ex...
Miguel Zapata
Cash Flow or Equity Play
Hi BP, I have $100k. I can either pay for two SFHs with good cash flow, or use the money as a down payment for a multi family in a trendy but expensive neighborhood here in Chicago. The first is a cash flow play, th...
Kurt Jones
HOA issue regarding fence that was at the property when purchased
Hello Everyone. I purchased a home 3 years ago. My house came with a vinyl fence that according to the HOA guidelines, is not allowed. When I purchased the home, the HOA reached out to us to let us know that there was...
Vince Le
When Should I Create an S-Corporation as a Realtor?
Hello BiggerPockets,I am a Realtor in California. I am about to recently close a transaction that will net me a five-figure check. Since Realtors are self-employed, I have been planning on creating an S-Corp to maxi...
Ricardo Becerra
Interest rate vs PMI
Hello guys.. so I have a quick question. Your help and guidance is greatly appreciated. SO... I am looking at doing a new construction loan. I have 3 options. 1. Freddie Mac, 10% down 90% loan. and i can pay 2.00% (5,...