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...
Erik Sherburne
How many times do you cash out refi?
Curious how many times (assuming more than one) do you cash out refi the same property? As the third "r" yes, but then what if it appreciates significantly in two years....refi again? As long as it cash flows?
Peter Aldrich
Tax treatment for my condo conversion and flip
I need an 11th hour assist from my fellow BP members to be sure I am handling a tax situation correctly.
The situation: I purchased an investment property in July 2017 for the purpose of renovating, creating 3 units...
Account Closed
Tax sales in Harris country
I’ve done a little looking into tax sales and was wondering if anyone has gone this route. I don’t know all the ins and outs of how you obtain this type of property and if it’s even worth it. Any thoughts?
Donald Ward
Thoughts on the REACT System
I'm Donald Ward from Houston, Texas , my wife and I are new to investing and are wondering if anyone has heard of Jon and Stephanie and their REACT System?
Jeff B.
Limited Liability Partnerships (LLP)
There are several legal entities that are granted the privilege to perform business under an assumed name and to isolate personal liability:Corporations, all formsLLC, a special formLLP, a professional form of CorpAlt...
Jay Harding
BACK to BACK TRANSACTIONAL CLOSING DEAL - Most Competitiv Rates?
Greetings BP Community, I'm a very new REI guy in Portland OR, on the verge of signing the agreement to sell my first wholesale property. Are there any better companies/people to use for a same day back to back closin...
Ryan Cleary
First HELOC on my rental property
So I have a property that I assume to have a value of $300,000. My current mortgage is $162,000. Doing the math, a 70% LTV would land at $210,000, an 80% LTV would land at $230,000. This essentially means I could h...