Tom Brennan
Foreclosure without bankruptcy?
I have a friend, going through a divorce, and wants to sell the house because it is underwater, with a mortgage and second mortgage that are approximately $50,000 less than current market value, plus about $20,000 nee...
Kevin Fox
Newbie Investor Eastern North Carolina
Good evening all!
I am a U.S. Marine located in Eastern North Carolina. I've been listening to BP podcasts for about a year but have spent about 2 years reading books, researching real estate and evaluating propertie...
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Ben C.
S-Corp or LLC for flips?
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
William Hochstedler
Can I tie up a short-sale property while I wait for it to foreclose?
A client (buyer) came to me interested in a listed house in the pre-foreclosure process. The listing agent is not local and doesn't impress me as being able to get a short sale done as there are 4 trust deeds on t...
Lawrence Adair
Owner Finance Purchase
Hello, I’m going to be purchasing my first owner finance deal this year in San Antonio. Can anyone offer some insight or good practices to do when purchasing. Also I’m having trouble of thinking about the highest and ...
Account Closed
Better Name for Wholesaler?
I don't like the term wholesaling (even though its what I do). What would be a better name for a "wholesaler"? I like Real Estate Marketer. What do yall think?
Jolene Adam
Losses and taxes
About 10 years ago, Friend A (on advice from his CPA) and an IRS rep both told me that I should strive to not have a loss on my rental property for more than three years, or no more than three out of ? years (not sure...
Neil Palmer
Newbie REO Investor
Greetins all. My name is Neil, I am a new member and appreciate the welcome all newbies get. I have had my eyes on this site for a while but only joined now because I believe I can now bring something to the table fo...
Ian Bollinger
Sell vs. Rent House
Hello,I'm new to the site and thought I'd come out asking for insight in a current decision I am in the process of making. I own 2 homes in Canton, Baltimore City and will be living in the one I just bought. I first p...