Baxter Finch
Super Beginner Question About Selling With A Mortgage
So say I take a loan out for 200k and after a year I want to sell the house. What is a standard interest rate and how would the interest incurred be paid if I were to sell the house at ~220k?Is this a standard flip or...
Mikkel Williams
Does the wholesaler pay taxes?
Does the wholesaler have to pay taxes. For example if u put a house under contract for $10k more, does taxes come out of that 10k. And do I have to pay the seller before I pay the tax or after?
Patrick Sears
Opportunity Fund creation question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Andy N.
48 unit closing on Monday
Finally closing on my 48 unit complex on Monday! It's been a LONG process but it's finally coming full circle . I appreciate the input on a couple past post I made in reference to this deal.
George White
Sticky Tenant Situation Could Use Some Guidance
I have a mother-daughter roommate situation in one of my units. They moved in about 4 months ago on a year-long lease. The mother has a very spotty background and no credit however the daughter is a college student wi...
Stanley Dean
Heloc Versus Conventional loan refi with cashout on Vacation home
Hello all- Would like a feedback response from the BP community I am contemplating between getting Heloc Versus Conventional loan for a Refi with cashout on Vacation home/ 2nd home. This home was bought for cash and...
Reuven Kishon
San Diego bank that opens accounts for Foreign LLC's?
Hi there,I couldn't fit the full description in the title. I'm looking for San Diego banks that open accounts for Foreign LLC's without asking you to register said LLC in California as a Foreign LLC. I don't want to d...
Account Closed
Decent deal??
I found a 4 fam that needs some work, after all repairs I will have ~80k into it and it will have a 100-110k ARV. I would buy it cash and then refi the 80k I invest, so in the end I would have almost nothing out of...
Veronica Thomas
Tax credit for historic building
Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...
Muks M.
Radon Level 6.4 - Future Primary Residence
Would you be concerned if the radon levels comes out to be 6.4 in two days test. This test was performed at our future primary residence where we got a pretty good deal. Given other general inspections are OK and rado...