Account Closed
Rental Property - Accounting for Future Repairs with Purchase Price
Good afternoon, everybody,I'm working on getting into REI, and right now I am looking at the possibility of purchasing a duplex. The windows in the upper unit (and probably the lower) are original to the house. They s...
Travis Elliott
SUBJECT TO QUESTIONS AND ANSWERS...
Subject to is very new to me and very enticing.
The first question that I have is this. How do you talk a stranger into giving you title to his house and letting you rent it out. This is something that I would ne...
Kurt Schell
How to best finance buy-and-hold that requires rehab?
We've found a home here in Oregon (Clackamas County) that we're interested in purchasing as our new primary residence, and it includes a rental SFH on the same property. The home is in the midst of a remodel. It wil...
Gabriel Lamb
A newbie multifamily investor gets 125k. What do they do?
Bp family!
You're a newbie investor. You want to buy a multifamily property. You're conservative and want to put 20% down. You don't have any reserves yet. No reserve for capex. No reserve to cover rainy vacant month...
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Who is 1st mortgagee?
There is a home for sale at a foreclosure auction in NYC. There are 2 mortgages on the home- senior (1st in time; older) & junior ( 2nd in time; recent). The junior bank, however RECORDED its mortgage before the s...
Julie Taylor
Manufactured Home - Bank Financing - On Owner Financed Lot
Hey, BP Friends,Advanced apologies for the length of this post.I'm looking at a subject-to deal on a double wide in NC that has been vacant for YEARS. The current owners have a bank mortgage on the home itself, which ...
Joe Huber
Rent Growth Vrs Hyper Inflation
We just purchased an 89 unit property in Jacksonville, Florida. The JAX market is pretty crazy and Costar is projecting 15-25% rent growth for 6 quarters straight. For comparison, we budgeted 3% annual rent growth. ...
Timothy Petty
Selling Home- Investor wants me to keep mortgage and her pay it.
I currently have a VA loan in Fayetteville, North Carolina. I currently have my home on the market and have received an offer from an investor. Here is the E-mail I received from the real estate agent. "I do have an i...
Timothy Colman
A unique situation - what would you do?
Hello all,I have a unique situation that I am seeking advice for. I will keep it short and to the point.A close friend of mine desires to sell his town home to me for his current mortgage balance (90k). The home was...
Ronald Black
California LLC Franchise Taxes
Is there a way to change title to a property out of an LLC to avoid paying the California Franchise Tax. Someone said putting into a trust might work. Any ideas?