Julio Gonzalez
What’s the most important thing you’ve learned over the past year
These past 12 months have shown us:
✅ We can’t predict the future.
✅ We can be nimble and flexible.
✅ We are resilient.
✅ Teams can work remotely.
✅ Real Estate can be toured and purchased virtually.
✅ Relations...
Vinny Joseph
Questions about amending an inherited lease upon renewal
Hello,
I had my first investment property a couple of months backs, thanks the great guidance from BP. I had to inherit the lease as part of the agreement and its almost time to renew the lease. I have 2 tenants livi...
David Calme
First Building - Looking for Advice
After looking for a building local to my area with a decent potential cash flow, I have found a 19 unit building in a rather remote northern suburb of Detroit (Northern Macomb County for those of you that know the are...
Brendan Bracken
Self Directed IRA's?
What are best SD IRA's for real estate investing? And why only $7k per year max limit for over 50 year olds? Seems a tiny amount
Account Closed
Max Closing Costs Allowed to be Paid by Seller
Hi all -The mortgage agent who approved me for a conventional mortgage and agreed to have the the mortgage underwritten (he is not the actual underwriter) for a close next week on a rental property just came back to m...
David Y.
Self Directed Roth IRA
Hi Everyone, Good day! I am a newbie here and I was wondering if anyone knows a good institution for the self directed IRA account that would allow REI later on. I heard that some institutions allow it and some don...
Rich Hupper
Possible Sub 2 Deal? Can someone advise?
HelloI found a homeowner who bought a 2 family back in 2003 for 225,000. Due to poor management on their end they have defaulted on two mortgages.I believe both of the mortgage debts combined equal roughly 215,000. AR...
Account Closed
Legal Question Regarding EMD (Specifically in MI)
All,I believe I know the answer to this but am going to ask anyway. I was in contract for a property with an escrow that ended up being around 3 months (yes, obnoxious I'm aware). I initially offered and had acceptanc...
Chris Bounds
Business Reboot
Hi everyone!My wife and I have officially rebooted our real estate business. I wanted to post the details in case it can help others.It also serves as a little bit of accountability for us. BackgroundI started purchas...
Aaron Hunt
Can you gift part equity of a home each year to avoid gift tax?
Question for RE / tax gurus:If a property is worth $100k, can two parents gift 50% equity of a property to their child and their spouse in one calendar year (2018), and the remaining 50% of equity the following calend...