JM I.
Excessive Closing Costs?
I'm in the process of buying my first property (a condo in the northern suburbs), and I close in mid-October. It will be my primary residence (not an investment) and I'm putting 20% down. My FICO is 804 and I was appr...
Jeremy England
buying costs excessive?
I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
Hello,I've had some issues with excessive costs through my property management company over the years. I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person ...
Shannon D.
Question about Collecting Tenant Excessive Damages Repair Cost in Florida
Our tenant vacated our property, leaving extensive damages that surpass the security deposit. How can we effectively pursue the charges if the tenant refuses or ignores the responsibility to cover the repair costs? A...
Malik Javed
Maximizing Deductions on Like-Kind Exchanges with Cost Segregation
Are you navigating a Sec. 1031 exchange or facing deferred tax gains and looking to understand how to optimize your deductions?Today I wanted to share with you how to maximize deductions on like-kind exchanges using c...
Bill Dodge
List of excessive damages that can be deducted from deposit
My first tenant is moving out and it is not going smoothly.There seems to be a lot of excessive damage to the house and I want to know what is normally considered excessive damage.Is there a standard listing of typica...
Philip L.
Cash Out Refi Options
Got a property in Michigan with no debt, has tenant - I normally use DSCR loans but loan costs and interest rates seem excessive right now.Spoke with all the local credit unions and banks none of them are willing to d...
Steve K.
Handling loan default when lending from Self Directed Roth IRA
Scenario:-I lend private money sitting in my checkbook control
Roth IRA LLC to a 3rd Party LLC to buy a Real Estate. The Mortgage
was recorded in the first lien position. Mortgage had a confession of
judgement clau...
John Dehn
Leak and High Water Bills
I own and self-manage a property that recently had two drip valves break causing excessive water usage for January, February and March. Water bills for the property at typically in the $50-60/mo range but range $150 f...
Matt Hunter
W2 depreciation offset
Hello, I am new here and looking for help. If this is the wrong platform forgive me. I am an active three year STR investor with 4 current STR properties. In January of 2023 my business was sold. :) Unfortunately,...