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Hi everyone!I am a newbie investor and I am in the process of buying my first fix n' flip property in Denver. I have a new real estate agent that I have been working with for about a week now. I found a really great ...
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So, I find a property out in Jacksonville, Florida that I would like to buy and flip. This property is in very bad shape and would need a contractor or a very skilled rehabber to get this thing repaired and resold. Th...
Hey BP! I’m trying to wrap up a deal and I’m running into a few things. Figured there are a lot smarter people out there than me, so I wanted to see if we could figure out a way to get the deal done! I have an owner (...
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If I were to get an acceptance letter from the lender for a short sale transaction and I closed on the property and in turn leased the property back to the person who was getting foreclosed on.
The question is, will...
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So I got a colleague request with the following message:"Hi Ken!I am a Cleveland investor living in Los Angeles who is trying to gauge interest with people about organizing a Socal/Cleveland investor meet up.I am reac...
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A friend made a reservation on VRBO for Thanksgiving. The host had a 5-day minimum set and non-holiday pricing in place. (Friend didn't realize it was non-holiday pricing.)Host sends friend a cancellation notice, and ...
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I read the following article tonight:
Strategic Default or Efficient Breach?
that speaks about the supposed "moral obligation" to continue making payments on an underwater mortgage. The article generally jives wi...
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I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands. I'm a W2 employee, all long term rentals, n...
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Hey BP, I joined very recently, but I have been interested in purchasing some rental properties for a long time. Because of the low ROI in California, I have been looking into out of state properties.
Many of the ...
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Hello all!
I am writing from Wylie, Texas where I live with my wife and 3 kids. we recently moved from Dallas, to get away from the inner-city feel. My wife stays at home and homeschools our 3 kids. I used to work co...