Chander Sri
Big setback on first purchase. Seeking ideas to get back up and continue investing
Hi All, This is my first post. My best friend who is a avid BP member suggested to reach out here for help. So here it goes....I bought first single family home (2000sqft) 2 yrs ago in Cedar Park, TX area during peak ...
Peter Haymond
How can I contact loan loss mitigation officers in my area?
I'm bird dogging for an investor who is focusing on probates and bulk REO's. Yes he has cash.
How do you find the loan loss mitigation officers to call?
Thanks so much for your time!
Jack B.
Mortgage delinquency rate highest it's been in 21 years....
https://www.yahoo.com/money/earlystage-mortgage-delinquencies-hit-21-year-high-170612193.htmlI wonder if this crash could be bigger than 2008. Foreclosures drove that due to predatory lending. But now more so than bac...
Armand Farr
Deductions that flow to personal income
Hey guys - I work full time and I'm looking at buying my first rental, holding it within an LLC.I know investment property mortgage interest can be a deduction against my personal income (even if the property isn't ca...
Sophie Sawyer
$100k income in W2, but $0 on tax return adjusted income
Can I take out mortgage loan given:
I have a stable $100k W2 income from my employer, but opened an LLC this year and am projecting a loss of $200k in the first year. This loss is expected and not a problem. However,...
Don Levy
Who takes the hit on loan principal reduction?
There is a talk about reducing borrower's principal on their loans to help them stave off foreclosure. I would like to know who has to take the hit when a loan is reduced. Most lenders package their loans and sell the...
Roy Gutierrez
SBA - Any way to dispute the amount for EIDL Loan?
Hi everyone,
I applied for the EIDL loan but unfortunately when I entered my losses in the application I put an amount projected for 1 month instead of the recommended 6 months? Well, I recently got my login for my E...
Jonathan C.
Losing money on turnkey property. Should I sell?
About 20 months ago, I bought a turnkey property in a C class neighborhood in St. Louis, MO. Despite it appraising for the purchase price, I likely overpaid. In September 2023, the renter stopped paying, leading to ev...
David B.
Flipping better than holding for fast growth
Hi all,I just wanted to get your opinions on flipping to grow faster vs holding . This year I've really doubled down on investing and have about 7 rehabs I'm currently doing. Three of them are flips, while the others ...
Sean Gallagher
Cost seg / accelerated depreciation to offset W2 - thoughts
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...