Kyle Taylor
Deciding to Execute Deed in lieu of Foreclosure
I've recently financed a rehab project in Burlington, NC. The acquisition cost of the property was $40K and the projected rehab at project start was $60K. My borrower has received $44k in rehab money and the only item...
Damon Cameron Jr
Househacking rental property- Advice
Hello, my name is Damon. I am 22 years old. I am closing on a $225k rental property that has 4 bedrooms and 2 bathrooms. I plan on house hacking this brand-new property and plan on renting out per bedroom to local col...
Danny Garrett
Does anyone have a fillable change of ownership form?
Does anyone have a change of ownership fillable form? I just purchased a rental in Indianapolis and need a form to send to my new renters BP landlord forms doesn’t seem to have one. Any help would be appreciated!
Kyle S.
Conventional Loan Closing Credit Question
Hello everyone,I am purchasing a duplex that is fully leased and the seller has decided to credit me the security deposit ($600) and rent ($1200) for the month of October at closing to be reflected on the HUD.Since th...
Troy Bevans
Check Your Insurance Policy for Sump Pump Coverage
Depending on where you live, basements are a blessing and a curse. To be able to sneak away for the big game, have that wonderful play room for the kids, or even a place to "store" your in laws when they visit in tha...
Michael Madoian
Getting a loan for a down payment
Is it a bad idea to get a loan to use as a down payment or are there better ways to get financing for a down payment?
Jennifer Koester
Security Deposit Normal "wear and Tear" or Damage
Hi,
My lease with my tenants is up in two months. When my tenants moved in, the house was newly painted and floored. Can I hold back from their security deposit the cost to re-paint all the scuff marks on the walls a...
Art Maydan
Where Do You Get Your Materials?
I recently listened to BP Podcast 258 and heard Gabe talking about making deals with manufacturers he'd met at trade shows to get discounted materials in bulk. The next IBS show is Feb 19-21 in Vegas and I plan on goi...
Jerniel Diaz
1st buy and hold in Orlando, FL
Investment Info:
Single-family residence buy & hold investment in Orlando.
Purchase price: $218,000
Cash invested: $51,000
Down payment 20% - $43,600
Closing Cost 2.5% - $ 4,300
Rehab ...
Deanna McCormick
Right of Way / Easement value to offer for lake access
I'm wondering what would be a sensible amount to offer the neighbor for a formal easement / right of way access. The neighbors are thinking of selling. We share a lot line on a parcel of lake shore that is separated ...