Ryan Smith
Newbie from Belleville, IL.
Hello BP community!
My name is Ryan Smith, and I'm a wholesaler in St. Clair County, IL. I also do deals in St.Louis, MO. I have a couple of deals under my belt, but I do considering myself wet behind the ears. I hav...
Account Closed
Using Offshore Companies for International Investors
In the last few years I have been fortunate to have a number of international (non-US) persons invest in real estate with me.
One of the biggest concerns that international investors have is the tax burden that exis...
Cal C.
Sam Zell says homeownership will fall to 55%
Legendary real estate investor Sam Zell believes (or at least purports to believe) that homeownership will fall to 55%, well below the 64% it is at now and far from the ~69% we saw prior to the crash. Here is the ...
Thurmon Cohen
Judge issues Order of Orderly Removal
I got this email from my attorney. Any thoughts or suggestions would be appreciated. Thurmon: I was out of the office for most of yesterday, so this is the first opportunity I have had to inform you of further events...
Kaygo Haga
Using IRA as source of funds for RE Investing
Hello BP family,I am new to the real estate investing world and to the BP community.I, like many people am interested in the thought/ possibilities of real estate investing but don't much cash to invest with.I have be...
Derek Robinson
How much to increase lot rents on a newly aquired park
Hello all!I'm closing on a 8 pad park in South Carolina next month. Current lot rents are $150 and haven't been raised in years, like over 15 years. Market lot rent for the area is at minimum $225. How much do you ...
Ibrahim Hughes
How do you Rehabbers deal with new contractors?
I’m moving on to a new contractor. Had a trusting relationship with my last guy until he started cutting corners without telling me.
So I have a big job ($90k rehab) for my next crew who I’ve never used before. My b...
Amit M.
$5 million is the new "millionaire"
well actually $6.4 million according to this Charles Schwab wealth report on the San Francisco Bay Area. Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I de...
Kortez Walker
Direct Mail works
I've tried direct mail for about 2 months now and it really does work. I've sent out a 1000 letters and have been contacted by at least 50 people. The only thing I understand is that you get at least half of the lette...
Ed Ricketts
Non recourse Loan
My solo 401(k) trust owns 93% undivided interest in a home (free and clear). My wife owns 7% in her own name. Can I use cash accumulated in the solo 401(k) to buy her out so that I may get a non recourse loan on the h...