I made an offer on a bank owned home. The bank counter offered on a Monday with no expiration on the offer. The same week they requested highest and best offers on Thursday. I attempted to accept the counter offer ...
The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
I've been calling around a number of different brokers. Sometimes I get a pickup other times not. Either or I'm typically asked my " company name". With that being asked so often, should I go ahead and create my perso...
Hello all I'm wanting to know what bank everyone uses/recommends to buy single family homes in the St. Louis Missouri area. I have been using Southern Commercial Bank on my fist house with a LOC since I started but t...
Hey BP family! I am in the military and new to REI. I had a contract set up on a 4 plex that was going to be financed with the VA loan and was moving along perfectly. But, the seller had a medical emergency and had to...
Is a cash buyer only someone who has liquid cash? Is hard money or private funding considered a cash buyer? What is actually considered a cash buyer?In my very limited experience, it seems that cash buyers are more ...
I'm interested in doing a 1031 exchange out of a couple SFRs and plan to use 100% of the proceeds to purchase a 50% TIC interest in a larger commercial deal that will have a mortgage. The SFRs are free & clear. ...
It was close to Christmas when my property manager called me and gave me the bad news: one of the tenants was celebrating his son's birthday and invited the boy's uncle to the party. They got into altercation and the ...
Hi everyone!I have been debating creating an LLC or conducting business as a sole prop with DBA (doing business as). Currently, I do not have any properties. However, I plan to purchase my first rental property in t...
With all of the volatility in the stock market, I wanted to offer some insight into my investing experience and how I position my overall portfolio to get through extreme volatility like what we are currently seeing. ...