Sean Barnebey
Exploring a Seller-Financed Motel/RV Park Investment Opportunity – Advice Needed!
2 January 2025 | 4 replies
The combination of multiple income streams (motel rooms and RV spaces) and its location near outdoor recreation and a nearby urban center makes it an intriguing deal.I have experience as a broker working on RV park and mobile home park (MHP) transactions, and I’m currently working on deals in this space.
Julie Muse
Quick Turnaround Triumph: Bayport Drive Success in Lancaster, TX!
24 December 2024 | 2 replies
The opportunity to collaborate with Debra Cottom on a deal requiring no renovations made it a perfect fit for a swift and profitable transaction.
Godsheritage Adeoye
First investment property secured, and second under contract at age 20!!
25 December 2024 | 2 replies
My goal for 2025 is to complete 50+ transactions and collaborate with even more people in this community.If you’re a private money lender, investor, or fellow enthusiast feel free to reach out.
Kevin Hoover
Limited partnership to TIC - Can a child get joint property without capitol gains?
1 January 2025 | 4 replies
Working with a CPA experienced in real estate transactions is essential here.If I were you, I’d call some attorneys on Monday if this is something you’d like to move quickly on.
Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
You'd probably want a real estate attorney familiar with creative transactions to help with the documents.
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.
Rashid Ghafoor
New MLO Looking for mortgage broker sponsor
29 December 2024 | 5 replies
Where any broker will take you since you give them a cut from your commission or pay a fee per transaction.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
17 January 2025 | 27 replies
It is a transaction between a buyer and a seller.
Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
You'll be tagging transactions throughout the year with categories that fit the Schedule E so when tax time comes (if you stay on top of it) every deposit and expenditure will already be categorized and it's quick to create the Schedule E and/or run P&L reports any time you need to.
Michael Benanti
DealCheck app? Good or bad?
2 January 2025 | 32 replies
I agree that DealCheck (or the BP calculator) does not provide enough tools or functionality to analyze those types of transactions (yet).But I would argue that it does a great job at analyzing more traditional buy & hold SFRs and multi-families, as well as flips and rehab projects.