Jonah Gunalda
ER doctor hoping to diversify in passive real estate!
10 December 2024 | 25 replies
Sometimes it's ambiguous, but even then, why should I bother with the company that has numerous unresolved lawsuits, versus another company that is virtually the same but has none.
Mike Johnson
What to expect in Property Management
16 December 2024 | 9 replies
Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights.
Richard Benjamin Wilhite
1031 Multiple Lots into 1 or more Multi Family Property/ies
16 December 2024 | 6 replies
@Richard Benjamin Wilhite, @Bill B.makes some good points about loan terms and the strict identification rules for a 1031 exchange.I would add from a tax mitigation perspective that buying the largest property possible will give you the greatest amount of cost segregation possibility and at the lowest cost since it would be one study rather than several.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
And Alienation of title is a Event of default. there are numerous events of default..
Victoria Redlin
HELOAN or HELOC, (December 2024)
14 December 2024 | 4 replies
Quote from @Bill B.: Two notes:1) The solar company may give you the best interest rate.2) If the power goes out, you still don’t have power if you have solar.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
Originally posted by Derek Nienaber:Hi Bill,"You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.
Jason Malabute
HAVE YOU INVESTED WITH BAM CAPITAL?
3 January 2025 | 42 replies
Under their Class A it's my understanding that if everything goes exactly right when they dispose of the asset you get your principal back and a tax bill.
William Burns
Detroit Housing Commission Section 8 System
18 December 2024 | 5 replies
However, the idea of running a rental business while waiting six months for payments especially with bills still coming in doesn’t seem sustainable.Can anyone speak from experience in the current market?
James Masotti
Project management software - how do you manage your projects?
17 December 2024 | 17 replies
Originally posted by @Bill Carovano:Hi James, I would suggest taking a look at Podio as well.
Timothy Franklin
Clarifying the wholesale transaction
15 December 2024 | 7 replies
We are looking to wholesale outside of our chosen market to help build capital for projects within our chosen market (Louisiana) as I have potential deals in other markets and am not confident in how to proceed with them contractually, (don't want to be stuck with a bill I can't handle currently and also want to ensure I'm operating correctly).