Michael V Akbar
Trying to protect self and others while being fair to the agent
I am a rookie looking at some out of state investing and a particular real estate agent (commercial) has been very forthcoming and supportive with information and his time and I definitely would want to be very fair...
Robert Walden
Seller Take-back of Renovation Costs in Bridge Loan
I'm exploring a creative financing technique where the Seller raises the agreed-upon $60,000. sales price of the property by my $15,000. estimate of repairs. That will qualify me for a bridge loan with a 75,000. minim...
Robert Chuang
LA HPOZ Flip
Hi Fellow BPers!I am wondering if any flipper have dealt with a HPOZ (Historic Preservation Overlaying Zone) house before? If you do, have you experience any delay with your construction period because of the HPOZ pro...
Account Closed
Buying First Home W/ Intent to Flip, What Loan Type Should I Use?
I plan to be buying a home here within the next month or so that I will be flipping. My current issue is how should I proceed with the loan type since I have few options:- I am active duty military and can utilize the...
Steven Barr
Firing property management mid-lease?
Are you allowed to fire property management mid-lease?Or does this have financial repercussions given that they placed the tenant and you signed their contract?
Seidy Lasker
Dissolving Partnership & Converting to S-corp
If a partner in a partnership wanted out, would the partnership file a final year return and then convert the LLC to an S-corp or would filing a final year return cause the ein to terminate and the partnership would n...
Andy Wilson
Using money from retirement plan to buy a property?
Hi BP! I want to keep my current properties with low interest rates locked but need to buy a property for my primary residence. I don’t have enough funds for downpayment for that. Would you recommend to draw some mone...
Chad U.
Steer Clear of NREIG for Insurance!!!
We had a policy with NREIG on a property we took back from foreclosure recently that became vacant, which was then subsequently gutted by a major fire. I believe the fire was likely started by a squatter or the forme...
Vlad B.
Issues S8 Tenant Eviction for Property Sale
Hi BP Community, need your advice.I'm closing in on my property sale in early June. One of the stipulations for the sale was to provide effort to remove 2 problem tenants in the building. One tenant was removed and th...
Tony Ardison
When is the Closing Cost paid?
I’m new to Wholesaling and Real Estate as a whole. I hear a lot that wholesalers will include paying closing costs in their pitches to the seller.Is this paid out of the wholesalers pocket up front? Or is this deduct...