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22 January 2025 | 7 replies
Has anybody found a workaround for this or would the seller simply have to hold the note long-term without the option of selling it?
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24 February 2025 | 30 replies
A rider allowing for using your owner-occupied property as a short-term rental for a specific/limited amount of time is very different than an investment property being used as a short or long term rental 100% of the time.Also, telling your home insurance company that you STR your home occasionally does not give you extra coverage for those types of risks, it simply means if your renter burns your home down the insurance company isn't going to immediately deny your claim.
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5 February 2025 | 38 replies
And there is a constant mention of Guaranteed returns there is no Guarantee unless its the federal govmit on 250k or less FDIC insured .. this was simply investor greed.. investors did not understand what they were investing in what the risks were and were blinded by the returns offered.. no one put a gun to their head.. investor make bad investments all the time..
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13 February 2025 | 22 replies
It might be best to simply go to a local REIA networking event and meet some wholesalers that have been doing this for 15 years and buy a deal from them.
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20 February 2025 | 32 replies
The chart of accounts is structured around the Schedule E, so you simply export it and send to your tax professional.
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20 January 2025 | 33 replies
So an identical neighborhood (income, crime, school quality, etc.) can cost you as much as a $100k less on the South side simply because your neighbors are brown or black as opposed to white.this right here is the gem advice.
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23 January 2025 | 165 replies
Yeah Uncle Sammy said it's now T-town and that a dog-scat deal so to kick-rocks.
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5 February 2025 | 14 replies
Have proof on hand (easy enough to find) online of the missed tax payments and any documentation that supports that he specifically didn't pay his taxes.Probably a simply mistake on his part, but now if he wants to develop on it, he either has to land lease it from you or buy it back.I'm not sure how the whole tax deed thing works, so that would be something you have to figure out between the two of you.
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25 January 2025 | 155 replies
There's a BP thread on his SubTo mentorship. https://www.biggerpockets.com/forums/311/topics/862708-sub-t...Gator is about private lending wholesalers the earnest money.
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17 January 2025 | 5 replies
They were referrals and the business started to grow simply because I had a competent team that was responsive and looked out for the owners' best interests.