Hi BP!I'm under contract to sell my 2 family rental home in NJ. The new owners intend on occupying one of the units as their primary residence. As such I need to serve legal notice to quit to my tenants in that unit...
Quick question - I'm a broker and work with a lot of folks looking to purchase a multifamily for occupancy. I still run numbers as if they weren't in the property to see if the numbers make any sense and if a property...
What is the etiquette for notifying tenants of the sale of a property? For reference, these are single family rentals, some rented Section 8 and some not. Some tenants in a regular lease and some month-to-month. Do...
So my client got an offer accepted for a 2 family with rents substantially below market value. He intends to raise them, and that posed a question. [Located in Hawthorne, NJ]What are some ways to get around rent contr...
Any recommendations toward (or advice on how to find) a cost efficient general contractor to remodel/rehab/fix-up a 1 bedroom investment condo in Oakland, California (zip 94612)?
Since this condo is an investment, ev...
I was recently told that for a solo 401K distribution , it was required that you sent 20% withholding to the IRS by the 15th of the following month . I am over 59 and a half .This seems odd to me since in a regula...
I have a question about getting a list of tax delinquent properties. I am from the Boston area and I would like to do a direct mail campaign to people that are behind on their tax payments. Are there any list service ...
Greetings,
In general is it possible for a loan's terms to state that its subject property may not be rented or leased, and that doing so warrants new loan terms including a new interest rate? Appreciate any anecdote...
I’m not sure if this has been posted here before, but wanted to briefly share this information we found out regarding FHA. As a military member we have exceptions to the normal occupancy rule. Check it out:
“FHA loan...
We are working on our 2016 taxes. In December 2016, we entered an agreement of sale for a multi-family (Triplex). We did an FHA loan as we intend to owner occupy one unit and rent the other two units. We had a structu...