Bradley Stoddard
Down payment on a short term rental
Can I use a commercial business loan as a down payment on an investment property as a short term rental. My lender mentioned that any government backed conventional loan must be with your own personal funds unless gif...
Doug Crenshaw
Wholesale Deal... How does it work to make money in RE Investing?
Investment Info:
Single-family residence wholesale investment.
Purchase price: $39,600
Cash invested: $39,600
Sale price: $58,900
Bought it as a Pre-Foreclosure property and managed to get the ow...
Paolo Ruggieri
Insurance for Air BNB property
AllI am renting a property with Air BNB by room... one month minimum... what is an insurance that covers it? My landlord policy is not very clear... I found that slice insurance might be the only one offering protecti...
Account Closed
Question about vacation rental insurance
My friend is considering purchasing a vacation property at the beach and renting it out. A main concern is if the town gets destroyed by a storm yet somehow the houses are still rentable and you cannot get an insuranc...
Benjamin Cowles
What kind inspection period to include with wholesale deals?
It seems to me like you'd need most importantly time to find your buyer, if you don't ideally have one ready with cash in hand at all times waiting for you to call them regardless of what you have, in which case how...
Jason Burton
Redemptive Period
I don't know hardly anything about foreclosures and I haven't found the answer in the forums yet. I have found a property that would be a great deal (#s look great, due diligence still needed). But I was told by the l...
George P.
Baltimore MD - how long for judge to sign a decree
Does anyone know how long does it take for a Balto County (MD) judge to sign the decree? Looks like it's been on his table for two months. Is it something he is going to eventually get around to? Or are there limitati...
Griffin Goudreau
How long do I have to own a property before I can conduct a 1031
Hi BP,I purchased an occupied rental property in November 2020. I have a significant amount of equity in this deal and would like to exchange the rental for another rental property in a different city. I have read onl...
Paige Cone
Redemption Period Ending on a Tax Lien
I am looking at a large duplex in Central Illinois that currently has a tax lien and the redemption period is almost over. The house is vacant and in disrepair so the nether the owner nor the lien-holders would not be...
Michael Dunn
Tax rate on a Flip......
I have read about 1031 ( 1031b ) and am still uncertain as to how the property you sell is taxed and how to ( if you can ) defer from paying taxes on the profit you make, from the sale
I am looking to finally...