Steven Zai
Promissory Note with 15% return
Hi,I was approached by a realtor/broker that also buys/flips and wholesales properties and he offered me a deal where I would earn 15% return on a property he is going to rehab and flip. The terms of the agreement ar...
Louise Murray
Board fixed the election
2 years ago the HOA had 2 positions available. There were 3 candidates.
Each homeowner was allowed 1 vote only. So out of 1000 homes, 335 votes was needed to guarantee a position.
The last election there were 3 posi...
Stephen Ceausu
HELOC for investment property
Hello everyone I’m from California and was wondering if any of you have a lender who will do a HELOC on an investment property. Thank you in advance
Amir B.
Local Investment Loan Advice
Hello BP Community,I have decided to give up on house hacking using a FHA loan. Negative cash flow is never a good start to a RE career. That being said, this opens more doors for me using a conventional investment lo...
Steve S.
Question about Notes - First Timer here
Anything I've ever learned regarding money has typically cost me money.I have a house under contract for $75,000 in which the seller will pay $5000 towards my closing costs. 2 days later someone comesup and says "I'd...
Brian Plajer
Becoming a Private lender
Hello Everyone, I am learning about the process to become a private lender and wondering if others who have done so are willing to share their experiences. How difficult is it to start and did you have a mentor to he...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
Chudney Wesley
thinking of becoming a private money lender
I was approached by a well know flipper in my area. He is only looking for 15K. Here are the details, he is looking for 3 people to lend him 15k. He needs 45k to flip this property. after the property is complete he ...
Jack B.
A reminder why buying for appreciation alone is dangerous
http://www.businessinsider.com/josh-altman-learned...The Altman brothers bought properties they couldn't afford but were making big money on, rolling the proceeds into bigger and bigger properties...until the market t...
Jaylan Route
Pre-Approval Stage, accepting new job during the process.
Quick question, I'm currently going through the pre-approval process and I was told that it's required to be at a position for up to 6 months. I was just offered a new position and I'm on the fence to accept..would th...