James Maradits
Tapping into Equity without income verification
I'm looking to utilize a portion of my $100k + in equity in my personal residence to use for acquisitions and short term holds. I formerly had a HELOC that I used to flip properties with, but I have since sold the ho...
Patrick Q.
Real Estate Professional Status (REPS)-Jobs That Count Towards
Hello guys,
Considering making moves to achieve REPS.
I have read the rules quoted from the IRS sites that come up on almost every internet post I have found relating to this subject.
Having trouble figuring out ...
Bill F.
Cash Reserves/ Rainy Day Fund
In case you missed it, the online rent payment company eRentpayment has had major issues when their payment processor filed Ch 7 bankruptcy and casued a lot of investors rent to not get deposited. This started quite ...
Dylan Speer
Condo Reconstruction Nearing Completion & Need to Get Out
Hello BP,
I need some advice on what is the worst investment I've ever made.
Overview:
- Purchased a condo in 2022 for $270k, with a 3% down payment. Currently owe $255k.- Mortgage rate is 6.125%.- Lived in it for ...
Kenneth LaVoie
Return vs. "putting my money in the bank" IRR or CAGR?
What I'm trying to determine is the return on my money for having put it into a building, held the building, then sold it. The question I'm trying to answer is, "How did I do vs. having put my financial advisor handle...
Chase Dial
Possible house to wholesale in Nashville. Questions about it.
Hello BP Community,I just received an interesting email from a lady from my church. She has a friend who is settling her mom's estate. It is in the Inglewood are here in Nashville. She said that her friend is selling ...
Christian Garcia
Private Money
what are the pros and cons of a private money lender ? I want to buy a vacant apartment complex and I'm willing to pay the 8% of the 20% down that the seller is asking for .
Andrew Boykins
Lending for Tax Break
I am a part time real estate investor who does buy, rehab, refinance, rent. I have a bit of an odd question I haven't been able to figure out. I have someone looking to invest but they are more interested in a tax b...
Adam Bearup
Where to invest cap ex reserves?
Hello BP community,
I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.
Does it go straight to the bank? Invested in CD's or a ...
Danny Day
Exit strategies for your flips
I'm working on my business plan, and currently working on my exit strategy part of the plan.
Ideally the exit strategy would be to sell of the house and make a nice profit.
Would a contingency to not moving a home i...