Michael S.
26 years old, What to do after paying off personal property?
11 November 2014 | 8 replies
You can do private money lending using a home equity line of credit interest only loan.
Pamela Holmes
Wholesale on a HUD home
26 November 2014 | 10 replies
The title company wouldn't do it so I had to close using a HML and resell 1 week later.
Kirk R.
Fireplace - how to cover control air flow up the chimney
3 January 2015 | 7 replies
You can purchase pre-cut packages of these gaskets at the big box stores - or you can save a lot by purchasing a sheet/roll of the foam gasket and using a receptacle and switch cover to cut out your own.As for the attic hatches, most of the time there is only a minimal skirt around the inside of the hatch opening.
Felecia Sewell
Need Advice From Experienced Wholesalers
17 December 2014 | 18 replies
The wholesaler will need bank statements or a good actor with a google voice number if they plan on using a generic bank approval.
Sean Brooks
You can't trust Zillow and Trulia for Property Value Estimates
23 October 2014 | 18 replies
Well, if you go on their website http://www.zillow.com/zestimate/ The wording from their own company states the following”The Zestimate® home valuation is Zillow's estimated market value computed using a proprietary formula.
Account Closed
How do/did you pick and learn your market?
24 February 2015 | 23 replies
I have some friends from school who could be my feet on the ground and may be interested in being the property management part of the business, but I would still be able to get out to the area and get my feet on the ground as well.2) Go turn key on a “distant state” (5 hour plane ride) using a turn key company, coupled with property management, but their seems to be a discrepancy between appraised value and what the turn key companies need to get their profit, so appreciation on resale would be at risk3) Partner with a great property management company (although figuring out if the property management company is “great” is a whole other thing) and find a property on my own or link up with a BP wholesaler on a “distant state” property.
Clint Worland
First time flipper, hoping to get some advice
22 November 2013 | 4 replies
sometimes I feel like I am giving up to much.How do you know when to splurge on items vs when to go cheap.Although I am licensed as a Realtor, I am using a Realtor friend of mine to sell the propties for 1% vs 3%.
Aaron K.
Obtaining financing when your properties are under a corporation umbrella?
3 January 2014 | 27 replies
Originally posted by Bill Gulley: First I suggest you absolutely not put RE in a C corporation you should be using an LLC with a "S Corp" or "Partnership" unless you really love paying taxes.That is not universally true.A C corporation can retain earnings, a pass through entity cannot.There are lots of scenarios and situations where the combined tax rate using a C corp is lower than the marginal rate offered by a pass through.The bottom line is each situation is different and not all problems are nails just because you know how to use a hammer.
Joe Boggin
700 square foot row home mechanicals
30 December 2013 | 8 replies
The particular project was a 200+ year old historical property and modifying the ceiling or wall framing for ductwork was going to be impossible as we were using a lot of exposed framing as interior finishes.
Dewain J.
To paint or not to paint?
17 March 2016 | 10 replies
I purchased using a combination of my own cash and some hard money, and have put in around 80k worth of rehab costs.