Vincent Buggs
401K or home equity for multi-unit down payment
24 August 2016 | 20 replies
If you feel the risk of a HELOC is too much then you are defiantly not prepared to invest.You are starting a business, a very secure and well proven business, but a businesses non the less and they do have risk and do go bankrupt.
Leo Don
The Gift of assist
20 August 2016 | 0 replies
If anyone used any of these professional before and experienced an exceptional service in a reasonable price please recommend me them.
Steve Theobald
Utah: "non-disclosure" state.
20 August 2016 | 4 replies
See my BP blog posthttps://www.biggerpockets.com/blogs/8070/51492-why-is-zillow-so-far-off-in-utah-what-is-a-non-disclosure-stateZillow is a great "first pass" data tool, but it is negatively impacted by Utah's status as a non-disclosure state.
Michael Clevenger
Appraisal fell short
9 September 2016 | 55 replies
You will pay less Taxes on the sale due to paying Capital Gains instead of ordinary income tax due to being flipped the same year you bought it.I am not a CPA and will recommend that you seek advise with a professional on that area, but if you flip to rent instead of selling on your first years, you tax bill will literally be almost non existent.Do not let this flip and some appraiser steal your future as an investor, on the next ones, try to invest a lot less on the rehabs and you should be fine!!!!!!!!!!
David Bell
Rehab costs 100% deductible?
20 August 2016 | 4 replies
Non capitalized improvements you would deduct in the current year absolutely.
Warren Golston
New Member from Virginia Beach, VA (Originally Germantown, MD)
20 August 2016 | 4 replies
I am a 28 year old service member in the Navy.
Kristen Miller
First Time Homebuyer Multifamily FHA + 203k Refinance + Cash Out?
22 August 2016 | 3 replies
With that said, you technically can refinance any time you want after you close because these conforming loans generally have no prepayment penalty.The other aside that I will mention is that you will want to make sure you have sufficient comparable sales in your area that will be able to document enough value before you spend money on a non refundable appraisal.
Evan Thomas
Wholesale Marketing to Acquire Buy & Hold Properties
20 August 2016 | 3 replies
I would collect a non-refundable option deposit from them up front, create a cash flow every month and if the tenant/buyer exercised their option down the road got paid again.
Derek Smith
Best way to contact hard money lenders
20 August 2016 | 2 replies
Your "deal" may be a non-deal to them.
Tarek Soliman
what is the builder fair fees other than a % of Tot cost ?
27 August 2016 | 29 replies
If I don't deliver, you have my fee to compensate you for the cost of my delay.For all the contractors out there that are going to jump on me, I have language in the contract to protect me from delays beyond my control.To me, anyone paid on a percentage basis for anything they do, is either underpaid or over paid for for the service they provide.