Rich Thomas
Private lending terms
Hello all,
My father and I recently reached and tentative agreement with a private lender who is a family member. Our main purpose will be to rehab and flip houses.
My question is what is the best way to go about st...
Brenda G.
owner occupied rules
am i allowed to live as an owner in an owner occupied property part time during that first year? even though relatives would live there full time?—-would i get in trouble if spending part of the year in the property a...
Mike Kerrigan
New Investor Ma.
Hello BP world. This is my first post and I'm happy to get it out of the way. I am a new investor in Massachusetts looking to work with a wholesaler or any seller for that matter. I feel a little funny saying I'm an i...
Bernie Huckestein
Similar Checkbook IRAs -- Maine
To Partner:I understand that buying and flipping RE from a checkbook IRA is considered and active business and as such could be subject tax (UBIT?).I have an idea which I am sure it not original to me...want to solici...
Jack Hritsko
Ready to get started
I finally got my parents on deck to support my real estate journey rather then the traditional college route. I am ready to leave the educational phase, even though it is really comfortable, and want to put my first d...
Scott B.
Motivated seller property with numbers
Hi, so I came across a property today through a motivated seller. The property still has a 130K mortgage and is appraised at 160K. ARV estimated to be 200KThe cost for PITI is 1,300 per month.It has not been updated i...
Margaret Essien
Property Managers Mismanagement
Hi, everyone.
My uncle is an out-of-state (Nigeria, West Africa) investor in Toledo Ohio. He bought a 4bedroom, 2 bath single-family unit in 2016 with his retirement life savings. He contracted property a managemen...
J. B.
Circuit breaker with known issues failed, food lost. Property manager responsible?
I am a small-time landlord myself, but I have a relative who is a tenant in a very large apartment complex. The complex is relatively new, being only a few years old. The circuit breakers throughout this very large ...
Steve Morris
property being gifted
Hello All, I'm in the process of being gifted a piece of property. What steps are needed to take over property? Do I just head to the title company? Relative no longer wants the property but says I must do everything ...
Jordan Brenner
Can i be gifted money for a downpayment
I have a signed purchase contract for my first 4 plex. I will be going in on the deal with a few other family members as i don't have the cash for the 25% down-payment that is required. Is it possible/legal for them ...