Kyle Jenkins
Seeking advice on basic tax strategy
I currently have a condo in connecticut that i will be renting out in august. I am moving to a single family in texas. I am looking for advice on taxes from the basics. With this property going up for rent what are ta...
Lauren Cook
Partnership question- acquiring a new property
I could use some advice! I own two homes, one primary and one investment on my own. I also have equity (35%) on a third worth about 365k that closed in February. I have been doing house hacking for a few years and hav...
Matthew Dovner
50% rule question
say if a multi needs to be rehabbed in order for it to be livable. Say it needs 60-80k in work. Say the asking price is 375,000.00. Do you apply the 50% rule to the 375k? Or the purchase price plus the rehab?
Rob Beland
Need help tonight BP. I'm writing an offer for a sandwich lease (I think)
Hey BPers...I need some help tonight. I'm looking at purchasing a SFR from a friend and we discussed two options. The asking price is $85K. Rent is $850/month and the tenant has been there for about three years. Good ...
Roseann Koefoed
Stuck in an unfair laundry lease
I just closed on 24 units in Illinois. I found out at the closing table that the Seller was passing to me a completely unfair laundry lease with Jetz. 10-year auto renewals if I don't provide 365 days' notice to can...
Bill B.
npn with discharged BK 7 complete
Hi,I'm doing DD on a note. The property is NOT owner occupied. The borrower lives in a different state than the collateral securing the notePacer shows that BK 7 was discharged and closed in February of 2015, over a...
Aaron Osgood
Conv vs FHA Owner Occupy Multifamily
Hi there,
I have seen a lot posts recommending young guys like myself to go the FHA route when buying a duplex + to live in and rent one out. I agree the 3.5% down payment is great but I'm not convinced I can convinc...
Ryan Keenan
Va cash out refinance
Hi, was wondering if anyone has done a cash out refinance with a va loan? And will I be obligated to stay there? My loan officer told me that if I'm occupying the property at the time of the refinance than it will not...
Don Konipol
CREATING a note for 20% + Yield
Most note investors originate new notes or purchase existing notes (sometimes at a discount to principal).. To obtain an “outsize” return on originating notes the note holder needs to assume a larger than normal risk...
Leonard Rybak
Recent issues with mortgage broker
Hi everyone, just wanted opinions of this community. I have done 3 deals using a mortgage broker recommended to me by a real estate agent (who I no longer utilize) This mortgage broker was a little shakey on the fir...