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3 October 2024 | 46 replies
Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.
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28 September 2024 | 17 replies
I don’t need to sell Joel, I am simply stating my opinion and my personal interactions.
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26 September 2024 | 10 replies
No one wins.
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26 September 2024 | 0 replies
Win the offer B.
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25 September 2024 | 1 reply
If I were to purchase a property at the auction that is foreclosed for first mortgage but has code enforcement liens, will the code enforcement liens go away after I win the bid and pay off the mortgage or do the liens stay on property and I am responsible for them?
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26 September 2024 | 17 replies
Note: I want to win the race too.Well Karolina-- These are big money deals, big money can be a double edged sword so be careful!
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26 September 2024 | 2 replies
The home has to be listed on the MLS in order to do a bridge loan or you simply do a cash out refinance.
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27 September 2024 | 14 replies
That might simply solve a ton of your problems.
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26 September 2024 | 1 reply
Whether it’s networking, sharing experiences, or discussing strategies, I’m here to build meaningful relationships and help each other achieve our goals.If you have any advice, resources, or simply want to connect, please feel free to reach out.
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27 September 2024 | 8 replies
Hi Hai, the best place to start is simply searching the BP forums.