All Forum Posts by: Account Closed

Thank you to everyone for their comments. 

Thank you for your replies. We appreciate your information.

We were wondering if any BP members have an airbnb property abroad? We recently visited my native country Colombia and are seriously thinking about purchasing a condo in Medellin and renting it short term. We are trying to learn about the country's regulations about short term rentals but wanted to see if anyone has experience with this, we would love to get your insight. Thank you!

Thank you Philip.

Thank you for the great information and congratulations , I actually starting looking into auctions this morning looking for our next flip so this info came at the right time!. I have a question, do you get to look at the properties before the auction?

Thank you yo everyone that replied, unfortunately the seller accepted another offer but we certainly learned a lot from your responses. Thank you again!

Hi Joe, well it was not planned he is our realtor and someone offered him this property that is not listed it came from another source so he asked us if we would be interested Anyway he doesn't have money to purchase by himself. We are newbies, we are working on our second flip so this would be our third deal.

Thank you Karen.

Hello,

We need your help! Wehave been presented a deal for a property by a friend who wants to partner with us, he says he would pay 50% of the purchase price. We would pay the other 50% and also do the work for the rehab. None of us have partnered before, any suggestions on what a fair proposition would be in regards to how to split the profit. We would also ask him to pay 50% of the rehab cost. Thank you 

Excellent information Linda, thank you so much. I did talk to our accountant and we will treat it as a loan.