Account Closed
Earnest Money Concern
Is Earnest Money mandatory when doing Wholesale Deals? Would closing a deal in (2) weeks from the signing of the contract be an incentive in exchange for no Ernest Money down ? Earnest Money has to be returned to the...
Mirinda Lowe
Beware the guru's "friends"
There's a certain guru who also has a wholesaling posting website, and one of their areas is in LA. I get the wholesale posting emails, because well, I'll take deals from all sources I can. But I clearly have in ...
Ludmila M.
Crack in slab and leak along fireplace (photos) - how bad?
In your opinion, how bad and expensive are these two problems:1. Crack in a slab foundation.2. Water leak behind the wall that surrounds fireplace. Water stains are visible along this wall from the ceiling (two-story ...
Ray Southern
Seller lacks a P and L statement
Hi all,Not sure if this is the right forum to post.I'm doing homework on properties, and I keep getting to the point where I ask my Agent to get me an Profit and Loss statement on the property.9 times out of 10, I don...
Todd Keith
80 Unit Apartment Purchase & Seller's 1031 Options
Hi BP, I'm hoping to get some advice from you BP members who are experienced with 1031 Exchanges. Background:I just made an offer on an 80 unit apartment building. I will be assuming the existing mortgage on the prope...
Karen Moysi
Lease Purchase Option Contract Ohio
I have a buyer for my FSBO. They will rent for 6 months and then purchase. Asking all BP buddies if you have an approved Ohio Lease Option Form can you please share.I am in Mansfield Ohio if there are any fellow BP fr...
Nikolay Voronovich
Can pay but can not qualify for loan. What are my options.
Hello fellow investors.
I want to ask your advice.
I find home where I want to live. And I know I can pay for this. But can not qualify for credit. What I can offer to potential co signer to make it int...
Sam Bagwell
New Case out on Tax Lien purchases in Georgia
In case anyone is buying tax liens in Georgia, a new case came out from the Georgia Supreme Court interpreting how you have to deal with any State of Georgia liens against the property in your quiet-title case. The c...
Alicia Zhao
Is interest from private lending passive income?
Hi,I lent some money to 3 people last year as a private lender. I told my tax accountant that it should be considered as passive income to offset the passive loss from my rental property. But my tax accountant said it...
Sudhi Avula
claiming Bonus depreciation
I am buying a Short term rental this year but will be using a property management company only for this year, which prohibits me from claiming bonus depreciation.
If I manage the property on my own next year (2025),...