Hello BP Community newbie here, I have a general question. When flipping a house with lets say a total of 3 people, each takes their profit & are taxed individually correct? Would they each report their gain separ...
Is it possible for 2 individuals to get separate home loans & close in on one house? Or would it be easier to set up a Corporation in which we are both involved in and get a business loan for the house? Please let...
I am looking to purchase two properties in the Phoenix area. Both are in the same subdivision and one would be a rental while the other would become my primary residence. For liability purposes, I would like to hold b...
An individual approached me requesting that I purchase a house he could lease to own in Hampton Iowa. Basically, he made an offer and the bank denied him financing now he's looking for a way to find a way to do it......
I am hoping to get some direction from experience groomed investors regarding my primary business plan and required actions I would need in setting up a LLC or LP??? I have already established contacts that are willin...
Hi,I just bought a large property in NJ that has a main house, an attached in-law unit (proper permits were obtained when it was built) and 5 garages. The prior owner ran a construction company out of the property whi...
Hello BP! I read a lot on the forums and in the podcasts one of the best ways to land good deals when working with distressed properties and motivated sellers is to present a clean all-cash offer. This financing strat...
Hi everyone,I found a duplex listed for sale by owner selling just one side. I called the seller and he happens to own both sides and is willing to sell both. I'm considering buying both to house hack but I'm not sure...
I am a newbie got my license mid 3rd quarter 2014. I am curious, can a licensed agent put a contract on a property subject to without going through his brokerage? I am just wondering what the real estate agent can l...
Hello,
I have a property I rent rooms out to individuals. I literally had cameras installed last week. AirBnB is one of the platforms I use. I installed them in the common hallway, the entry door, kitchen, and a co...