Hugh Springer
Hard Money Financing - Top3 Lessons
1. Confirm (or request) that a Debt Service Company is used - not just a promissory note for the upfront financing/funding. - but a service provider that acts as an alternative for all the things you'd normally...
Devin James
3 Homes Closing this week!
Big Week Ahead!3 homes scheduled to close this week:1) Tuesday - New Construction Home with GreatLeaf Capital2) Wednesday - My Great Grandmother's home in Waycross, GA (Photo below)3) Friday - New Construction Home bu...
David Killough
Accelerate payments or save for the next down payment?
So, I have a few rentals, and some of them are paid off, some still have a note. I have a certain amount of money in the personal budget that is being set aside for our real estate ventures. Here's the question: would...
Marc Izquierdo
What number is taxed on a financial statement?
I was starting to build, edit, and run a few deals through a spreadsheet I developed. Below is an example of the financial statement portion of the spreadsheet. I was wondering which number the IRS uses to determine...
Kai Hicks
Non-essential Request by Tenant
Good evening BP community,I have a tenant who has requested a full power washing of the house. My wife and I like her quite a bit, she is a sweet and very polite older lady who keeps the house in immaculate shape. She...
Matt N.
Help with understanding "gained equity"
Hi all - I am closing on my first rental property this month; a duplex with FHA financing. It is $170k with a 3.5% down payment. It brings in $2000 a month in rent, which I will only be getting $1000 a month for the f...
Robert C.
1031 Exchange Out Of California (Clawback Laws)
Hi,I was wondering if anyone can tell me about their experiences moving money from California to another state via 1031 Exchange. I understand there were some clawback laws passed a few years back, so you eventually h...
Andrew Westlund
Start of Project 3.5% interest... End of Project 8%?!?!?!
We purchased a small lot in 2020. We changed the zoning from Low density to medium density, which allowed us to build a duplex. Construction is going excellent, we are ahead of schedule and under "budget". We will be ...
Gariner Trinidad
tax benefits of buying a $2M dollar home as first time home buyer
As a first time home buyer and single, how can i maximize the tax benefits available to me if i decide to buy a 4 unit/multifamily house that is worth $2 million and property tax of about $30,000 per year?
Will like ...
Rich O'Neill
Reno not ready for moving season? Hire a time based contractor!
How many other contractors on here are paid members? Not many! That should show you how much they want your business...
Fleming Project Management started with only one customer in mind- real estate investors. The AB...