I do private lending. I have a primary borrower. When a transaction closes, the principal and the interest are rolled to another loan. Thus, I never touch any of the money. Is that interest considered income for tax p...
I can't quite wrap my mind around how to ask this question. I tried googling, but couldn't get the right search for what I was looking for. Then I realized I should ask all the experts in the BP community, so here it ...
How would you handle a tenant (single family home) with a lease expiring on July 31, 2013 that wants to stay indefinitely?
Background
A month ago we informed them that we will be increasing the rent as of August 1st ...
Does anybody have experience with taking title Subject To the underlying mortgage. I just closed my first transaction like this and I am wondering what is the best way to make the mortgage payments? The note is stil...
I just got an applicant who asked if the property can be for section 8. I'm only looking for buyers who want to rent to own it or owner finance. But I'm just curious how would I offer a section 8 on a property?
Here in Louisville we have a pretty unique situation. Our KREIA is one of only six REIAs in the country that is still a nonprofit and one of the largest groups in the country. They currently have a large event the thi...
So I have a property in Huntsville, AL that we lived in for a while and really enjoyed. The property is almost 7 years old, no issues, it's really a great house. We have had it rented for a year now and a new lease wa...
Negotiations are nothing more than creating a win-win situation to create a desired outcome. Given my background, I’ve negotiated literally hundreds of contracts and deals by following 5 basic steps. I’d like to share...
Hi. New to BP and wanted to get advice/ feedback about ethical property management behavior. We've been renting a home for about 4 years and had to evict the last set of tenants. The details make me sick. Basically...
Ready to close, but found out duplex NYC had several HPD violations (12) from August 2013. The seller is motivated and willing to lower the purchase price to get the deal completed quickly. What's the difficulty in ...