Adaze Foltz
Share your thoughts
20 August 2024 | 8 replies
@Adaze Foltz Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s).
Riz N.
Need help deciding between a 3 bedroom Townhome and 5 or 6 bedroom SFR
19 August 2024 | 1 reply
There are some non-financial reasons for having to buy a new construction that are out of my control, but I'm looking for advice in helping me decide the best route between 3 options (purchase will be all cash): Option 1: 3 bed/ 2.5 bath townhome in Wesley Chapel (near the lagoon).
Brandon O.
Rent to Retirement New Build
19 August 2024 | 9 replies
While RTR cannot control any one particular builder, market changes, interest rate changes, etc. we are certainly here to offer guidance and resources however needed.
Ruben VanDusen
What's The Point
21 August 2024 | 73 replies
1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).
Luis Herna
Can some one tell me what things can be done to overcome Due On Sale Clause?
20 August 2024 | 45 replies
However, be cautious as banks may still enforce the clause if they detect the transfer of control.
Cody Z.
What happened to David and Rob on the BP Podcast?
19 August 2024 | 52 replies
Yes, there is no telling on what happened behind closed doors regarding David and Rob leaving, but David expressed that he wanted to have more control on who they interviewed.
Oren K.
Tax Considerations for Canadians
20 August 2024 | 9 replies
So there is a miss-match and you end up paying more then you should.This is true for a small Canadian Controlled Private Corporation (CCPC) with "active" income - e.g. they manufacture widgets or provide a service to folks owning widgets.
Eden Meng
SDIRA With Check Book + UBIT Tax Consequence
17 August 2024 | 8 replies
Hi BP Community, I am currently in the process of setting up SDIRA with Check book control to do my flips.
James DuBois
Kris Krohn - Is This Mentor Full of it or Legit?
21 August 2024 | 94 replies
You have to do lots of damage control in that buisness and be a strong negotiator.
Brian J Allen
Boommates: A New Housing Trend for Older Adults
18 August 2024 | 2 replies
Unfortunately, factors beyond our control often dictate these decisions.