Cody Baker
New member introduction/Montana
9 November 2014 | 22 replies
@Cody BakerSearch the largest city in your region, find that club call the president and ask them where are other clubs.Also check for the local landlord association they will have meetings you could attend.Paul
Sarah S.
Help! Uh-oh...deal going wrong & advice needed
5 June 2014 | 12 replies
That being said, if he elects to stay and squat in the property, you will need to evict him like any other tenant, which can take time and court costs.You clearly are a sweet and sympathetic person.
Kama Ward
Short sale obligations
2 May 2012 | 3 replies
State law and presidence will determine when an offer is no longer valid if a time to perform it is not stated in the offer.Short sales linger on and go beyond what is considered reasonable (30 days) in my area to hold an offer open and enforceable.Keep in mind that a short sale is sold by the owner not the lendder and even if the seller agrees and it is an impossibility for the seller to perform due to the existing loan and a reasonable time passes that seller won't have much recourse IMO.
Carissa Mennen
Off-market owner financing
9 December 2022 | 6 replies
@Carissa MennenBuyers may also enjoy several benefits should they elect to buy an owner-financed home, such as:Greater access to financing opportunities, especially for low-income buyersLower expenses associated with closing costsMore flexible agreement termsPotential for no PMI premiumsMore accessible for those with poor credit.Read this article for more information https://www.rocketmortgage.com...Good luck!
Dylan McCabe
Best place to get a real estate liscense?
2 August 2018 | 2 replies
I knew that I didn't want to devote the time to going into an actual class, so I elected to go the online route instead.
Solomon Young
Newbie in Bay Area (California) -- specifically Oakland
18 May 2016 | 10 replies
Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.
Mike Nelson
Art of The Deal by Tony Schwartz andd Donald Trump
20 February 2017 | 8 replies
I heard if you followed it you can grow up to be President !!!!
Steve Heffner
THINKING ABOUT CONDO -- A GOOD DEAL (FOR CASHFLOW)?
18 April 2017 | 9 replies
Good thing the condo was 15 minutes walk away, so I had to go to his home of the HOA president where he wrote up the board resolution.
Buddy Holmes
Combining Rentals for IRS Professional Standing
20 April 2017 | 4 replies
I understand from other discussions here on BP, that the IRS may have very stringent requirements for REI's claiming Professional Status to enable RE losses in excess of $25,000 per year against non passive income.One suggestion, in addition to detailed records of the over 750 hours of RE activity, is the "Election" of combining of all your RE properties into a single entity.I have not found a way to do this in Turbo Tax (no chuckles please).Does anyone have experience with this and discuss the pros and cons of such an "election."