Michael Bennett
First Flip House Finally Sold
I was able to finally close on my first flip property!! Details below:The property address is 239 E Newton Pl, Tulsa, OK 74106. We purchased the property for $27k at the Tulsa yearly Tax auction in July of 2018. The b...
Erick Vallejo
Family vs The 2 Year Rule?
Hey BP members! So I've heard a lot about this 2 year rule that some lenders require in order for your rental income to count towards your DTI. My question is, do siblings count towards this "clock"? My younger siblin...
Rege Beattie
Real Estate Development (How to Marketing to Investors)
Hello All,
I am looking for some assistance putting a Development deal together. I have a piece of land I am looking to purchase and build a triplex on to sell. I have some investors that are interested in ...
Lian Chavda
Attempting to start my first move in Real Estate in WA
Okaaaay. So i've attended my local REIA (Met great people there), read everything I have been advised to read here on BP and else where (although, I know there is more than likely more things to read), and had lunch w...
Don Spafford
Rent to own vs Lease Option vs Land Sale Contract
What is the difference between Rent to Own, Lease Option to Buy, and a Land Sale contract? If there is a difference, which is the better way to go and how have you structured your deals to make it beneficial to you as...
Jacob Casarez
House-hacking
I just turned 23 and I am 15 months into my first house hack/live and flip deal. My brother and I owner occupy the property and rent out 3 rooms. With just over 40k equity into the deal it's obvious that we want to ca...
Colby Wise
Seller Second Lien Financing Explained
I was recently listening to a great MHU talk from Abraham Anderson "0-100 lots..." who brought up the concept of seller second lien financing, but I am unfamiliar with how cash e.g. downpayment, is exchanged at closin...
Mariana Rojas
Could I make a 1031 exchange and use as downpayment?
Hi everyone,I have one rental property and I want to find a way to finance a multi-unit building, and I would like to know if could I somehow make a 1031 exchange and use as a partial or a down payment. Thank you.
Julio Gonzalez
Alternatives to Cost Segregation
I’m sure many of you have heard of a cost segregation study. It is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return...
Spencer I.
Seller child support lein
I have a property under contract ($31k) with 9 heirs, one of them has a child support lein for about $55k. Is there a way for this heir to relinquish his rights to the property so we can wholesale it? I have a buyer r...