Andrew Galeano
Understanding Private money
Hey I was wondering what would be the best way to network with some private Lenders. I have been Pre Approved for a mortgage amount of $450,000. I have come across a few rehab deals but with the purchase and rehab wou...
Troy Williams
Advice and feedback on potential Wholesale deal
Hello BP, I would like to start by saying I appreciate this community and everything they have to offer. Thank you!
For the past several months I've gained a lot of insight on different strategies. found that wholes...
Anthony Ramirez
Is Adding Solar Panels to Your Duplex and ADU in LA County a Smart Investment?
As a landlord, I am committed to improving my rental property while also being environmentally conscious. Installing solar panels and a new roof seems like an attractive option to achieve both of these goals. Currentl...
Stephen Mackivitch
Potential SFH short sale opportunity for 1st property
Hi BP! I have came across a potential short sale opportunity on a single family home. The seller has been unable to sell the home for the asking price of $200k which is what they say is owed and they are likely going ...
David Garcia
Tax Treatment of Gain from Discounted Note Purchase
I own a First Mortgage Real Estate Note with a face value of $90K. I paid $72K for the note, which has a balloon payment in 2 years. Does anyone know the tax implications, if any, when I realize the $18K gain from t...
Jordan DeGusipe
PA Sheriff's Sale
Hey guys! Newbie to sheriff's sales. I have some questions.Do any liens/mortgages remain on the houses through a sheriff's sale? We love this one house on the list to be auctioned, but it has a $200,000 mortgage on i...
Ryan Chorbagian
Inherited Tenants and Chicago Security Deposit
Hello everyone. I'm closing on my first investment property in two weeks. Thanks for all the help leading up to this. Question: I'm inheriting tenants in one of the units of the building. The seller has offered t...
Nick Lee
Is seller finance tax deductible?
Hi Guys,If I buy a deal with seller finance can I deduct the interest payments as I would with a standard mortgage?I know you should not count this phantom income and I will not factor this in to anything. Just wonder...
Eric Marlow
Self directed IRA
My question is when you buy real estate with a self directed IRA do you have the title of the property? Can you sell the property for a profit and put the total sale right back into your SDIRA? If you pass away do yo...
Courtney Downtain
Traditional or Roth IRA?
Hey BP team!I need some advice on how to pull my 401K for investing purposes. I want to be able to rollover a portion of my current employer's 401K into an IRA account, but all of the FAQ's I have read seem like a Rot...