Aaron Wilkins
Best way to become landlord without an LLC
18 July 2024 | 7 replies
In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.
Katie Patton
Recent Experience with Nomad Lease
18 July 2024 | 6 replies
Their false promises, inefficient processes, and overly complicated application requirements have been a costly mistake.
Shiloh Lundahl
Where did all the meetups go!?
18 July 2024 | 4 replies
I agree and definitely think navigating the website and finding the "local meetups" has been over-complicated and frustrating.
John Underwood
New law makes wholesaling illegal is SC
22 July 2024 | 82 replies
Basically they were making these into more traditional transactions with a commission attached.To further complicate it, the NAR clear cooperation policy meant you couldn't share those off market any more without incurring a $500 fine, so they would basically end just going to market anyways in that case.
Jeremy Medina
Tax Pro Advice
17 July 2024 | 4 replies
I’m just starting my RE journey so I know my taxes aren’t very complicated, but still I wanted to use a professional and invest in proper tax planning from the start.
Heshan Abeywickrema
can a landlord cancel lease after signing?
18 July 2024 | 11 replies
The fact that you discovered concerning information about the male tenant's past after signing the lease complicates matters.
Arjun S.
IRS Section 121 tax question upon sale
16 July 2024 | 3 replies
Barring some complications (such as her having sold her previous home recently), you should get the full $500k exclusion, but you will need to pay tax on $30k of accumulated depreciation.
Account Closed
2Day BluePrint - Jason Palliser (the Rex Kwon Do of Real Estate)
16 July 2024 | 2 replies
(If you can't get in the door on your own merit... maybe you shouldn’t be doing this.)Encouraging students to utilize his private Facebook group members to post fraudulent reviews for other students websites in order to boost their search results and by doing so intentionally misleading sellers as to the students knowledge, skills and ability to closeInstructing investors to deliberately target and befriend nursing and assisted living home staff in order to gain their complicity in preying upon patients and residents. ....
Kate B.
Recent Experience with LendingOne
19 July 2024 | 53 replies
I know that :) I have great credit 740+ FICO, a few flips under my belt and this current project isn't complicated ($110k purchase price, $20k rehab for cosmetic fixes).They pulled credit before my term sheet was issued :( 90% LTV on purchase / 100% LTV on rehab (What they sent: 65% LTV on purchase / 100% Rehab)Rates starting at 7.49% for 12 mos (What they sent: 10.49% + 2.75% Loan Orig)We have a tight close date and I have to call the Account Executive everyday to find out what the status of the loan is, term sheet, etc..I'm not sure if I will use them for this project as I have already received 90% LTV for purchase and rehab, 9.49%, 12 mos, 1% loan orig, from another source but I wanted to try them as I heard many good things about them from other investors.
Adrian Jones
FSBO vs Using an Agent
16 July 2024 | 15 replies
Good day Bigger Pockets Fam,Has anyone here ever done a For Sale By Owner transaction, and if so, I wanted to hear about your experience and how easy/complicated it was to close that deal without using an agent.