Paul Winka
When is loan interest considered income?
I do private lending. I have a primary borrower. When a transaction closes, the principal and the interest are rolled to another loan. Thus, I never touch any of the money. Is that interest considered income for tax p...
Brion Spensieri
Removal of onsite laundry / appropriate rent reduction?
I am the landlord in a rent-controlled, owner-occupied triplex in Oakland. When we purchased the property we allowed our two tenants to use the (free) onsite laundry. One of those tenants was already established when ...
Richard Mann
How much is too much
Hi,
We have bids in on 2 different SS properties. There are several others that have come up recently that we might be interested in.
The bids we have placed are pretty much our best and final bid so co...
J. Martin
Mistakes, Challenges, and Obstacles Overcome: It Ain’t All Peaches & Cream & Paychecks
While I was able to amass a good chunk of real estate over the last crisis and had some great successes from connections and learning on BP, I also had lots of challenges along the way! Not all peaches & cream &am...
Stone Wilson
What happens when a contract expires before a wholesaler can sell it in the time frame?
Hey guys,I was planning on getting into wholesaling as a start by bird-dogging. I was just wondering what happens if I have a buyer ready to buy a house on contract but something goes wrong and I don't have a buyer be...
Gamal Darwish
should I get seller in foreclosure sign option purchase agreement to flip his house?
Home owner facing foreclosure who did not make a mortgage payment for 39 months called me to buy his house CASH AND CLOSE FAST.
I got him interested in signing option purchase agreement which indicate that he...
Chad Kastel
What to do if seller can't verify cash payments?How not to offen?
Hello BP,I'm under contract for a 10-unit in NY state. The seller has leases in place for all the units. However some of the units pay in cash. They are not verified on the owner's tax return. The concerning part is...
Reyes Velasco
Question about conventional loan owner occupied
Hello have a couple of questions if i can help get the answer or suggestion on what to do.I purchased A condo in long beach California, last year in June. I got a conventional loan owner occupied, as i was planning...
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real estate prices regulations
Is there any laws preventing real estate developers of SLAHING prices dramatically shortly (I mean 2 months or less) after selling some properties at full prices $ 189.000.00. Note that the slahing is $ 100.00.00?
Tha...
Katlin Henderson
Larger ROI for 1st investor?
Here’s the bottom line... I have an off market residential property I’m living in/renovating with my own capital and labor. I have my own renovation/handyman business and jobs lined up for the next 3 months. Whi...