Brian H.
How do you all have QuickBooks set up for flipping?
Hi!At the strong recommendation of multiple folks on here and my accountant I bought QuickBooks. My main confusion lies in how to set it up for flipping? How have you all done this? Any advice at all is very much ap...
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Loan Modifications
Hello,
My company currently offers multiple options for people in foreclosure but does not offer the loan modification route. I have found the basic information on how a loan mod works, but am having a hard time gras...
Anthony Espinal
Denying potential tenants (NYC)
Hi, I’m new to “legit” landlording and I’ve been reading through The managing rentals book. I do have a question that doesn’t seem too clear to me in the book. Does every potential tenant go through the full applicati...
Preddy Skotha
Cash out Primary residence and Payoff rental
Hello - I am a newbie here..i am trying to refinance my primary home and the lender offered to cash out and payoff my rental property. Below are current mortgage and refi detailsprimary home - 15 year/3% fixed / stil...
Sean Brennan
Transactional Funding
I know that in wholesaling the simplest route is to assign the purchase contract. In addition, my closing attorney said that he can complete a double closing in which the end buyer funds both transactions. If this i...
Andrea F.
Reduce/Defer Tax on profit from international sale?
We have a property overseas that has sold and we'll be heading over next month to wrap things up. We will be wiring the money back to the US, and plan to use it for future REIs.
I'm wondering if there are any ways to...
Michael Lauther
What are the issues with this note.
We are trying to settle an estate: 3 siblings want to hold a note for a 4th .
Property is appraised at $360,000
3 siblings will hold a 270,000 5% interest only note with a 5 year 270k balloon.
Ta...
James Peoples
Question for Realtors/Agents
What brokerage are you with and why?What made you hang your license with that brokerage instead of the many others?
Erin Elam
If you could go back what would you have had done before your first deal?
Hello BP,Before I get my first deal, what should already be in place? Should I already have a business name/entity established? Or is it the same difference to buy in my name since I will be assigning the contract any...
Emily Gilson
Can landlords charge for carpet cleaning?
We currently only have one rental property. When we first bought it we had the lease written up by a lawyer and it included that the tenant had to professionally clean the carpets when they moved out. We are now getti...