Elizabeth Colegrove
8 Weeks to the Day After I Left My Job .......
30 May 2016 | 15 replies
We are officially making more money than when I was working a "butt job"When I left my job April 1st, 2016, our rentals made $1,877.86 a month. 8 weeks later we make $5,304.07.
Michael Delpier
Exchange to cash neutral or pay the cap gains?
29 May 2016 | 5 replies
If I cannot find something, it might be better to just pay Uncle Sam rather than to buy something that will get traided out later. 15% cap gains on roughly $300K vs. 2x the 6% sales commissions + closing costs.But maybe there is something I am failing to see given my limited experience.
THU NGUYEN
Using Money to Buy/Rent Out or Lend out as Private Lender
28 September 2016 | 24 replies
Why don't I just use my own to pay cash and refinance 6 months later to get my cash out via cash out refinance?
Troy Norwood
Buying Bank Owned Properties That Aren't on The Market
31 May 2016 | 10 replies
if you find one of these, the last known owner now owns the house again, free and clear. go to the register of deeds and records and GET A COPY OF THAT RELEASE OF LIEN". do some research and find that owner. chances are, they are living in some dingy dirty apartment really close by. i personally have done this 2 times. one house, i gave the owner $2000 for it and assumed the $3000 owed in back taxes. i sold that place 2 days later for an $8000 profit. the second house, i gave the owner $2250 for it and assumed $4700 in back taxes. i am currently rehabbing that place and will make a profit. if you find a house that the bank still owns, bring it to their attention. it may be literally sitting on someones desk, forgotten about. tell them that you want to purchase it right away before it becomes so delapidated that no one will make any money on it, including the bank. you might be surprised how fast they will work with you. get working, you have some homework to do....... good luck to you
Shari Lawson
Hello- Moving to Maryland-Looking for Info
2 June 2016 | 12 replies
Recently found out we will be moving to Maryland later this summer (currently in Alaska).
Account Closed
Buyers offer much higher than listing price, appraisal problems?
30 May 2016 | 11 replies
They also wanted us to pay their closing costs and cover a 1yr home warranty, which was supposed to tally at $4500.They were also very aggressive on wanting us to accept literally within an hour or two, as my agent didn't call us until later that evening, or the deal would be off.
Matt Murphy
New to flips and the BP community
30 May 2016 | 11 replies
Took a weekend course and learned some basics, and bought my first property a month later in March.
Michael Derespinis
Newbie Venturing into Self Storage CRE Investing
1 June 2016 | 5 replies
Anyway, I will have lots of questions later to run by the experience here on BP but for now, I was wondering if anyone can briefly explain how a typical investor relationship would be structured (how do I entice an investor & what do I offer) and what trait do I need to consult to capture that structure; attorney, accountant, etc.?
Deville Nunes
Property for $20,000 that rents for $600 in a c to d area
30 May 2016 | 2 replies
I will have a property inspector give me a report later this week.
Mehreen Shehdad
HOA fees
7 June 2016 | 9 replies
So, even if they say they do allow them, ask them 1) If there is any limit on the number of rentals, 2) Have they already reached that limit (or how close are they to it), and 3) If they've already reached the limit is there a waiting list and how long (on average) does it take to get off the waiting list and approved to rent the property.The last thing you'd want to do is buy a rental in an HOA only to find out later that you can't rent it.