
14 October 2015 | 14 replies
There are legal definitions that come from or are adopted by IRS Code, "Investor" is one of them, so is "Operator" after 6 years on BP, I've come to accept the popular term of "investor" in social interactions on the internet, how we use the term, but the true meaning remains as the Code sets out.Doing a sandwich lease is perfectly fine, if allowed by state law or it isn't prohibited, I doubt sub-letting a residence would be.

13 October 2015 | 9 replies
Acceptable prices constantly change, as once the BPO id 60-90 days old, the banks will order a new one.If you want a second look at it, PM me and I'll check it out.

13 October 2015 | 12 replies
Did the Vendor, or lender, accept a pledge of equity in lieu of a downpayment (ie. 100% leveraged) or did you draw down on the equity in one or more properties to form your downpayment?

14 October 2015 | 3 replies
This year I have closed 4 deals and I have a verbal acceptance of another which will be my 1st rental.

6 March 2015 | 21 replies
A simple zoning change (the city will almost always approve down zoning) will net you a few extra $100kIn Milwaukee I am way more open to it, but again the area I buy in has a high concentration of 2-4 unit properties so it is socially acceptable to live in an apartment vs a house and a SFH only rents for $100-$200 more

8 March 2015 | 11 replies
This will be full cash offer, funds in my checking account.Any advice on anything else I can do to get offer accepted?

10 March 2015 | 17 replies
When the account is large enough for another property, I make offers until one is accepted and passes inspection.

27 June 2016 | 6 replies
From the outside, the property need some work, but I can only view it with an accepted offer and the realtor has no information on the condition.

13 March 2015 | 38 replies
It's actually killing two birds with one stone, listening helps you build rapport AND know how to create an offer that the seller will accept.

12 March 2015 | 16 replies
I simply don't trust most of them, so I only work with contractors who will accept payment on these terms.