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27 December 2018 | 13 replies
Other than that if you are eligible - Solo 401k would be more robust vehicle compared to SD IRA.Here is pretty lengthy discussion on the topic of SoloK which you might find beneficial if you wish to learn more:https://www.biggerpockets.com/forums/51/topics/527...
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22 December 2018 | 10 replies
So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner
27 December 2018 | 9 replies
Insurance is your first line of defense, but only an entity like an LLC, or better yet, a network of entities and trusts assembled by an experienced asset protection attorney, can truly eliminate the threat of a lawsuit.I also discussed this on the BP podcast some time ago, might be worth a listen.
23 December 2018 | 4 replies
The seller is still under contract, so a Realtor is prohibited from soliciting the listing.It wouldn’t surprise me to see that happen for the holidays, or because something changed in the seller’s plans.If you want to make an offer, I’d call the seller’s agent - it have your Realtor do it.
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22 December 2018 | 2 replies
This might be the discussed topic in the MHP forum.
24 December 2018 | 7 replies
There are some related complications such as deducting expenses related to this flip and the issue of the new 20% deduction - so it's a good idea to discuss it in more detail with your accountant.And congrats on making enough profit on your first flip that you asked your question.
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27 December 2018 | 14 replies
Happy Holidays BP members!!!
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31 December 2018 | 2 replies
Please free to PM and lets discuss
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27 December 2018 | 2 replies
That needs to be discussed just in case its a bait and switch scam.