Jon DeCamp
Types of Mortgages - What do these mean?
Below is mortgage history data for a property: The property was sold in 2004 and purchased by current owner for $248,000. It looks like there was a mortgage for $173,600. It looks like the owner put down a 30% down pa...
Brian G.
Default on hard money loan
Hi guys. My partner and I have a hard money loan on a property we are flipping. We are both 50/50 owners of the llc the property was purchased under. We both personally guaranteed the loan. Loan was for 90% percent of...
Melissa Aguila
Ways to offset my W2 tax with my passive income
Hello All,I own 3 short term rentals that I self manage and I Also own another business where I earn my w2 income working full time.My question is from my understanding, I cannot use my passive income expenses to offs...
Account Closed
Excavate land costs vs Downward slope hillside
Question for seasoned developers.
My partner and I develop in the Los Angeles area and we are currently building our first project on hillside downward slope.
With that said we looked at another lot today but it i...
Erica Shaunta Thompson
Commercial Property Advisors
Hi, Has anyone been in the Commercial Property Advisor program?
Angie B.
Fees for Lease Violations?
After our last tenant moved out, I reflected on how she left the property (it was not good) and how through the 2 years she lived there, she violated the lease several times (unauthorized occupant, changed locks, e...
Solomon F.
Oil tank remediated. no sell?
I am looking at a deal where the property had an underground oil tank removed and the soil test shows mild contamination. The seller is re-mediating. One realtor advised me against getting involved because I intend to...
Paul Barber
Eviction / Tenant Bankruptcy
Hi BP!Yesterday, I got a default judgment on a 2-count eviction (for nonpayment AND for a confrontation with the property manager involving the police). Today, I found out that they filed for bankruptcy protection. My...
Patrick Kucera
Century 21 Hill Minger Agency - Agency Fraud & Theft Issue
This past October my Property Manager (Century 21 Hill Minger Agency) notified me that they were closing and recommended another Century 21 agency to take over management of my property. I reached out to the new agen...
Account Closed
Crunching the Numbers on a Deal
So I have this property in Inglewood Ca thats on 4,914 sqft lot and zoned R2 (duplex). The property has a beat up tiny house on it 360 sqft.
The seller is asking for 400k I'm having trouble connecting the dots with m...