Brian Kempler
Are trustee sale buyers usually focused statewide?
Property Radar only gave me 14 Trustee sale buyers in Toledo but 1,000 in Ohio, with about 650 in Cleveland which is a few hundred miles away. Probably a data quality problem.
As they are high quality buyers i was th...
Riley Hinshaw
Double Assignment?? assigning another wholesalers PSA?
Hey BP,This might be confusing, I talked to another wholesaler who said when he co wholesales his deals, he signs the other wholesalers PSA, then sends a new PSA to his end buyer. In return, he still gets an assignmen...
Alex Morstadt
Mortgage Note Accounting
Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
Ryan D.
Residential Mortgage Requirements
Can't seem to find an answer to this question and it seems relatively basic. Is the residency requirement for a residential mortgage 1 year from the start of the mortgage or from the start of you having lived in the p...
Jordan Archer
What are some IMPORTANT QUESTIONS to ask a real estate lawyer the first time you meet him/her?
I will be meeting a lawyer tomorrow for my first time...I was wondering if there were any important things to inquire about?I will be focusing on buy-and-hold, as well as wholesaling single and SMF properties.Thanks!
Shawn M.
DEBATE: Cash Flow vs Cash on Cash return
When evaluating a property what do you look for:
High Cashflow?
Example: $74,000 house rents for $900 month, buy with all cash gives you a 9% Cash on Cash return and a $587/mo cash-flow.
or
...
Josh McGuire
Question - First FHA in IN, Moved to CA, Second FHA Possible?
Fellow BP Colleagues,I have owned one SFR in Indianapolis, IN for roughly 6 years. I purchased via FHA but moved to Los Angeles, CA roughly three years later. Since then I have been renting out that property to some g...
Corbin Grimes
4 Partners looking to flip bank owned properties in Denver
Hi all,New to your forum here; so excited I found you and looking forward to getting to know you all!We are a group of 4 partners in Denver Colorado looking to work together in a formal capacity. Our partners include ...
Slaughter Paul
First seller financing deal
I came across a three bedrooms, two bath single family property that I believe needs about 30k in rehab. The seller bought the house at auction but do not want to deal with it right now because he got other properties...
Ethan S.
Cash Equivalency - Need help from someone who understands!
SO.. I'm in this real estate investing class and have an exam tomorrow. This question below is a practice problem for the exam. I need some help please. I have the answer but I've spent the past hour trying to figure ...