Maurice George
Short sale seller concession question
Hello pros,
I know for reverse mortgage short sale, seller concession is not allowed. However, I met an experienced short sale who advise me this: You can buy seller's furniture and appliances in the property for a...
Rob Bianco
Tenant Abusing Water in 4Plex
Long story short: I thought I had a water leak when my bill spiked $1,000 for 2 months in a row. A fourplex I bought in December has 1 water line so water is included in the rent. I've had 4 different plumbers (one sp...
Aaron Gaffney
Rubber meets the road!!
Thrilled beyond words! I wanted to flip houses since graduating from university in 2011, both to pay off my loans quickly and because I love to use my creativity to build better places. But I didn’t really understand ...
James Gilson
Saint Louis Park MN Rental Property
Good evening,
I am brand new to real estate investing and am looking to buy a single family home in Saint Louis Park to hold onto and rent out. I am looking at this area for a few reasons. My sister lives in Minneapo...
Paul Kubin
What if tenant prevents access to property?
Short version of the story:
-My mom has dementia, is out of money, and has been moved to an independent facility. The house is owned outright, but she is otherwise broke. We are loaning her estate 5K/mo to pay fo...
Joseph Niedermeyer
Newbie question on personal income and rental income deductions
Long time lover of real estate but relative newbie to investing. It’s tax Season and in doing our 2019 taxes I asked about strategies for reducing taxes. I made just shy of $100k last year and want to start investing ...
Jonathon Atherholt
Advice for determining cost on a commercial property
Hello all,
I have a few residential properties, and I’m about to branch out to my first commercial property. I have run into a couple properties now that are less than fully leased, but the owners have listed the pr...
Ron Brady
Insurance Adjuster Challenge
Appreciate BP assistance on a problem. New investor/first property. House was REO and winterized. We had plumber come out to turn on furnace for first time. He shared that the flame was orange, indicating furnace not ...
Luke Schumacher
Seller Finance BRRRR
Quick question to any one with experience or lenders out there!Im looking at an opportunity to buy a 3/1 brick home in Denver with seller financing. Its a shorter term though, 500k at 2.5% amortized over 30 years, wi...
Michael Furey
Flood insurance on a flip?
I’m looking at a flip that’s located in flood zone AE. I’ll be doing it with a fix and flip loan and plan to be out of it in about 3 months. Do I need to buy flood insurance on it?