Account Closed
Help buying a property from the children of a dementia patient
Hi all,I'm trying to buy a SFH from the children of a dementia patient. The house is vacant for over 5 years now. The Husband, a former carpenter passed away some time ago, the wife is in a nursing home. The children ...
Account Closed
Forced from investor to dealer stories.
I sat down with my accountant today and discussed hope to maintain my investor status while I transition to a full time investor. He assured me that fix and flips would never jeopardize that status. However I have...
Melody Kushi
Help Analyze Deal with a Last Deed Transfer as "Quit Claim Deed"
Hi guys.Hoping to get some feedback on my potential first wholesale deal.I found a property through Redfin. After digging around, the last transaction goes from one Business to another and states - Quit Claim Deed. I ...
Savannah Irwin
Buying on and refinancing another on the same day
Hello all, on a recent BP Real Estate podcast Scott McGillivray said as a young investor there were 10 different banks that were all willing to give him 1 loan, so he closed on 10 houses (getting 1 loan with each of t...
Ivaylo Georgiev Petsanov
Selling time share in Mexico deal or scam?
We bought time share in Mexico in 2014 and its paid off, now we received a offer to sell it for good profit to a big company that is buying 20 time shares. This company opened escrow account, for all 20 of them in bul...
Steven Peck
How to Scale Investment Property
I need advice about scaling and see 3 options ahead. My wife and I have rented out a 3/2 single family in Jax, FL since 2009. #1 Sell: The house has ~110k in equity. Does it make sense to sell in order to buy a mult...
Charles Cook
Question about account opening bonus for IRA-LLC business checking account
Hi everyone - Just getting started on BP (my first post here!) and with my first investment from SD IRA. I have already setup the IRA with a custodian, and am in the process of incorporating a special purpose LLC to m...
Nate Warfel
New Member from Indiana
Hello Everyone! I'm new here - really not sure where to go or what to do. My grandparents were able to make a healthy retirement out of rental properties - and I'm hoping to figure out how to do the same thing. Hav...
Taylor Shapiro
Who here does nothing?
So last week we closed on a single family that we plan to rehab and resell. I mentioned in an earlier post that I've begun working with an investor in my area who has agreed to take me under his wing. As a way of help...
Michael J. Beasley
Out of State Investing - Purchasing Sight Unseen??
Hello, People of BP!I want to know how those of you who are out of state investors do it. Do you actually travel/drive/fly to do a walkthrough on the property before you make an offer? I feel like that lapse in time c...