Jamie Wheeler
Insurance coverage replacement vs. actual
Hello all, I’m a new member and this is my first post. So I have a property 2BR/1BA I paid cash for. It’s a fixer upper for sure. I purchased it for $40k and plan to put about $5k - $10k into it for a ARV of $75-$85k....
Thomas Larsen
Claiming exempt on W4 job to save
I'm trying to save up enough money to pay cash on my first brrrr property. I have been saving about a $1500 a week at my job but I'm also paying about $1300 in taxes each week. My thought is if I claim exempt on my ta...
Matthew Spiegel
Suing a Contractor in NY State..
So I am doing a flip in Laurelton, Queens and had issues from a general contractor doing shoddy work, and a plumber disappearing with uncompleted work and stealing from us (plumbing materials put on our account, not c...
Edward Mccracken
Wholesale - What to do with a old seller carry back note???
I found a homeowner thats is dying to get out of his house.... Here are some quick facts that are verified through the recorder of deeds:Mortgage company released the mortgage on his house for 75kBanks around here som...
Chris Wunder
Starting a New LLC and Tax Implications
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...
Heather U.
Am I really out the appraisal money?
Went with Wells Fargo for a loan and the told them very upfront that we work overseas and live there most of the year, though we have a US primary house that we stay at for 3 months out of the year etc...They strung u...
Victor Callender
Denied a load on a multi family home
Three weeks left on closing on a multi family property in the Bronx and we were denied funding due to the fact that we priced our one bedrooms to high $1800 claim the for the Sq footage of 666 it should be priced at $...
Kyle Winters
Quit Claim Deed from Personal to LLC
I have an out of state rental property in Indiana that is in my personal name. I am needing to do a Quit Claim Deed to transfer it to my LLC. The form is saying that I need a notary in the county of that state. Do I j...
Steve L.
Class C, Mixed-Use Retail/Residential Insurance
I bought a mixed use property in December that is Class C in very blue collar city in California. Roughly 5,000 sq ft of Retail and 2,000 sq ft of residential. I have it free and clear right now. Insurance quotes a...
Kyle A. Isaacs
Fire Damage - Complete Loss
Good morning BP'ers -This past Thursday, we received a phone call from previous neighbors that our rental in Florida was on fire. To calm fears upfront and most importantly, everyone is okay, but the unofficial story...