Tanya Solomon
Property going down hill fast! Advising friend-Denver. Keep, fix, sell OR sell @loss?
I'm hoping someone will have a good idea(s) on how to damage control a worst-case scenario. This is like the Kenny Rodgers song "You gotta to know when hold them, know when to fold them, know when to walk away and kno...
Tim Silvers
HOW IS THE EIDL LOAN PAYMENT CALCULATED???
I cannot figure out how the monthly loan payment stated in the note is calculated. It does not match up with any amortization schedule. SBA reps are clueless. Does anyone know?
David Smith
Simple fund for Cash-only Flips
Hi All,A few of my trusted friends and I are planning to create a fund to flip homes. All purchases and sales will be cash only. Would the best and simplest type of structure be a joint venture? Anyone here who has do...
Norm Park
Collecting on Fraud Judgement on a agent and RE scam
Hey BP. I have been contemplating on whether or not to post. But if anyone can help, I'll probably find it on this form.I won't go into too much detail, but will paint general picture. Myself and partners invested a s...
Chan K.
Boston MA Home Equity Line, Commercial
Hi Commercial RE Investors,I have a question regarding home equity line of credit or HELOC.Here is the scenario:I went to a local bank asking for a line of credit on my 6-Unit. The lender would offer me an 80% LTV of ...
Paul Wakim
Closing costs with line of credit
Hey, just wondering if there is a difference in closing costs when you purchase a home with all cash from a line of credit versus when purchasing a property with a traditional mortgage.I dont know if it makes a differ...
Doug Block
Sale of Re-platted property - Tax question
Looking for some advice on how I should treat this situation when I file my taxes this year.I bought a piece of property a few years ago and replatted it and split it into 2 (not equal amounts). Lot A, the main lot, w...
Mikael Winkler
Legality of Wholesaling - Ohio
Hello everyone!I have a question regarding wholesaling in Columbus, OH. Through my research here on BP and elsewhere, the topic of wholesaling seems quite controversial and murky. It seems like the main sticking point...
Account Closed
Texas People - Manufactured Homes Pitfalls?
I'm in Texas. I got the bright idea a while back of buying a small piece of land, drilling a well, adding a septic and moving in a used manufactured home. Then turn around and sell the whole thing as a package. Luckil...
Sola A.
Buying using DBA or my own name?
I am in the process of buying my first investment property. Do I buy it with my real name or with DBA? Which one is less of a tax hassle?
Thanks.