
14 June 2020 | 22 replies
@Jonathan Santiago, my one bit of advice is that your situation will be unique to you; thus you must contact a qualified tax professional, well-versed in real estate matters.

10 June 2020 | 3 replies
If you have a unique deal and need helping funding it they will bend over backwards to make sure they do everything possible within their power to close on it, even tossing out low appraisals (I did that while I was an UW) on certain deals where the appraiser was being a moron.

7 July 2020 | 21 replies
Greetings BP Family, I remember when the Corona Pandemic first began, there was so much talk about all the opportunities to come, the lowering of housing prices, the sea of foreclosures to come ect....Quite Contrarily, Ive noticed that it has only made things worst and more competitive for buyers, once again giving the power to the seller.Some observations:Prices have gone up- I saw a house that was listed two months ago in probably a F class neighborhood relisted for 25,000 more this weekThere was already low inventory, so now that there are even less homes for purchase...folks may have to fight over the few availableAuctions are suspended so this is one less route to explore.

11 June 2020 | 10 replies
@Edith Alvarado de Cortez i use LLC's for mine, however every situation is unique so it's usually best to consult a lawyer for all this so they can set you up the way you need to be in regards to what kind of entity you need, it could be an LLC, S-Corp, etc... and then they can advise you how to hold them such as LLC's owning LLC's, your trust owning an LLC, etc

16 June 2020 | 2 replies
I would recommend exploring a commercial loan, which will require 20% down.

29 June 2020 | 4 replies
You are definitely not the only single female that are wondering about the unique challenges you may face.

9 May 2020 | 13 replies
I know many of these may come down to case by case, but curious if there are any generalizations.Many of us who made it through 2009 unscathed have a very unique perspective and an awareness of how bad things can get very quickly but more importunely how to navigate during tough and unexpected times.

21 April 2020 | 3 replies
We've explored the BP community and all feel that there is a ton of value in discussing with others (with more experience) our current ideas.

22 April 2020 | 2 replies
Bonus if it can be turned into an educational how-to guide.The resident can either pay out of pocket for any work needing to be done, or they can let the GNA cover it in exchange for direct principal payments off the original market price purchase.Make a simple guide to what needs to be done on a regular basis, and establish a plan for what the resident can handle, vs what the GNA provides.Create synergy with kids and grandkids to accomplish common/ regular tasks.Opportunity for daycare/ day camp, or even homeschool type services.Opportunity for future continued business partners to take over living on the residence.Preferred scenario, resident pays for material and professional labor, and the GNA provides cheaper labor for easy tasks etc.Residents may pay part of the labor cost, but ideally if the GNA has cash to pay internal employees, then those costs get applied as principal payments.Explore options that let GNA employees trade time for ownership of that specific property, instead of traditional pay, or use it as an overtime bonus.Find ways to incorporate local artists and craftsmen, and make unique projects that incorporate the story of the house as told by the resident.