Jared K.
2 Escrow Clauses that Made me $65,000 on a Wholesale Deal
I recently wrote about 2 Amendments to my Purchase and Sale Agreement that made me $65,000 on a recent Wholesale deal. This post is about 2 Escrow Clauses that made me that same $65,000. FACTS: SFR, off market, FSB...
Bradley Bismark
How to use other people’s money
Hi, I need some advice on how to use other people’s money without creating a tax liability.Situation is; I have a family member who is willing to lend me money toward a deal. What is the best way to receive and use t...
Ethan Ducharme
How do I partner on a property through someone else's LLC.?.?.
My friend and I are planning on partnering on a four plex in the coming weeks. He is a relatively experienced investor, myself new, and his friend who has the LLC more experienced as well. I am looking for suggestions...
David Soles
Opportunity to purchase a note
Need someone to push me over the ledge here.
Scenario:
-168k note at 10%
-20% down on the original purchase
-Borrower can’t qualify for a confirming loan and the note is ballooning in 6 months.
-Investor wants his ...
Edward R.
Purpose of buying crap house and holding for years? tax benefits
Hi! I own investment property that I rent out and take my write-offs, but I just use my CPA to do the paperwork/return. What are the tax benefits to holding empty properties that hold little value? It sold for $44...
Christian Moore
Looking for Indy title company experienced with "subject to"
Hello Indy investors! I have a seller 12 months behind on payments and willing to sell me the property "subject to." The bank will be happy because we'll be able to get caught up on payments and avoid foreclosure. ...
Mike Alder
Investor defaulted on a $300 per month mortgage!
Morning BP Fam,I recently had an investor default on a $300.00 per month note! What's interesting about this is the investor placed a $2,000 down payment and was spot on for 4 months with the payments then everything ...
Meghan Helbick
Buying a first rental property
Hi! I am under contract for a single family home in Delray Beach. We are buying it cash (already has a tenant in place which has asked to stay there) and we have the inspection this coming week. With that, I have a fe...
Nick E.
How to book lender credits on a refinance
Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...
Ben G.
Chapter 13 bankruptcy and Subject To
Does anyone know the legal implications of buying a house from an owner who has filed Chapter 13 bankruptcy and the bankruptcy is still active?Would the seller be able to transfer title to the subject to buyer?What ha...