Ernesto Sanchez
Wanting to get a BRRR started with 30K
7 January 2020 | 13 replies
Can you recommend your top 5 ways to find “off the market” properties that are effective?
Chris Vance
Canadians doing BRRRR and Flips
21 January 2020 | 3 replies
@Chris VanceIf you invest through an entity, make sure to know how the entity is taxed for US purposes and Canada purposes.For foreign investors investing in the US, you may be required to understand ECI(effectively connected income) and FDAP(fixed, determinable, annual and periodic).Furthermore, you may be required to apply for an ITIN.
Asia Jones
Tenant demanding $3000 to move out
12 January 2020 | 60 replies
That said, in business, and life, it is best to deal with things fast and effective than drawing it out unnecessarily, causing more pain and stress along the way.
James M.
Does this HELOC logic make sense for a Rental Property?
10 January 2020 | 16 replies
I'm not too concerned with calculating PM costs into it until later in life when its either paid off or refinanced at a lower payment.All combined the leverage would be a conventional loan for 80 percent and a HELOC for the other 20, none of my direct cash.With all that in mind, the following questions come to mind about whether this makes sense or not.Technically, if I'm using the HELOC completely or majority of the purchase, would that mean my CoC return is effectively much higher since its not my own money (directly, I know its my equity) as long as I don't make my own payments on the HELOC?
Jase Machado
What's the best way to tap the equity of my primary?
20 January 2020 | 10 replies
You could get a fixed long term loan with a relatively low rate (I think usually lower than the HELOC rates), and it wouldn't effect your primary mortgage.
Charlotte Dunford
One year job-quitting anniversary
8 January 2020 | 4 replies
I had fears but was able to stay calm and act effectively through them.
Dave Barker
Properly Protected “Subject to” deal
10 January 2020 | 3 replies
Well, of course you do "care" but it has no effect on you.
Dennis Chiem
Divorce and rentals, options?
8 January 2020 | 4 replies
California adds a wrinkle as it is a community property state.Your tax advisor should be advising you regarding the tax ramifications of potential actions and interfacing with your attorney, and your wife's independent counsel should be doing the same for her.Even something as simple as filing status (MFJ vs MFS) has ramifications that extend beyond the finalization of the divorce...Best of luck.
Chris Brall
private money lending
10 January 2020 | 8 replies
Plans fail for lack of counsel, but with many advisers they succeed.
Ariel Martinez
Preparing for my first foreclosure auction deal
8 January 2020 | 3 replies
Hello guys,I'm totally new to BP and to real estate investment, so thank you beforehand for your counsel.