Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
...
Sam Valme
How to unlock a HELOC
Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
Terry Madden
Airbnb Vs. the rest
Hi All,
For the past decade, I've been investing in long term rentals in various areas of NJ & PA. I recently closed on my first short-term rental property located on the Jersey shore. So far, I've had a lot of ...
Courtney S.
Using 2nd home equity to construct additional units
We have a multi-family property that we are exploring adding several additional units to. I also have a vacation home that I own outright. It seems the best option for managing the cash outlay for the construction o...
Rohan Siddaraj
Crazy HOA Lien - Any Advice is much appreciated!
Hey guys, I have a house under contract in GA set to close next week. The house has a HOA lien. In March 2019, it was around 7.5k(fines)+2.5k(attorney fees), today it is right under $60k. I'm working on writing a lett...
Neel P.
Seller won't sign Cancellation. He re-listed unit. What can I do?
I was under contract on a duplex in Missouri and the financing fell through.
Its within the 45 day Loan Termination Deadline period, and the sellers agent was made aware.
Long story short - the seller got mad and i...
Julio Gonzalez
Historic Tax Credits
Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.
When rehabilitating or investing ...
Amaf J.
Cashing out Roth IRA for REI?
Hello everyone,I just wanted to ask a question about using the funds from my Roth IRA towards the purchase of property. I've done some calculations and realized that my Roth IRA is yielding some horrible rates of retu...
Jason Meadows
Is it possible to do 3.5-5% down without PMI?
Hi BPers,
Sometime in the last 6 months or so I remember hearing David say on the podcast that you could do an "FHA-like" situation without actually doing an FHA loan. The result in the scenario he described was tha...
Jeff S.
Finders Fee for Offmarket Multi-Family
Hello BP Community,
I am working on ramping up my RE portfolio and someone through my network is working on getting me an off-market deal with their landlord. I am trying to better understand how to reward this perso...