Michael Maloney Jr.
Potential deal atop the bar?!?!
Hello BP,So here's the deal, I live in a small rural town about 45 minutes north west of big college town in Michigan. It's a small but seems to be growing town. Well I was up at the local bar having dinner and a beer...
Account Closed
Adding my name on deed thorugh quit claim or warranty deed in Illinois
Hi everyone, I want to add my name on a deed for a house owned free and clear. My plan is to use a HELOC and buy a 3-4 flat in the Chicago area or fix and flip in the south side. The house is located in Champaign, IL....
Roger C
Capital Gains tax rate
I'm a bit confused about how capital gains are taxed. I sold a parcel of vacant land in 2007 and I'm now calculating the gains, which are around $12,000.
I was under the impression the gains are taxed at a lower ...
Jonny C.
Starting Out in Real Estate
So I'm a little nervous to start out as an agent because I'm afraid I won't make much my first year. Are there any positions people would recommend so I can get a salary, and basically get paid to learn and eventua...
John McKee
Hey Lenders and NNN Investors I have a question on financing
I've been told it's possible to put 15% down on a property instead of the usual 25% by using collateral. Let me know your thoughts!!!$5,300,000 Purchase Price 795,000 15% down 530,000 10% equity to come from ...
Scott Trench
Anyone Manage to Triple their Income in a few years?
Hi there, I'm looking to hear from some folks that might have gone from making a median salary ($40,000 - $60,000) and was able to double or triple that salary (W2 workers, no real estate entrepreneurs please). If thi...
Mike Campbell
Du Diligence period check off list. Do you have one ?
When buying a multifamily with a du diligence period, what is your list of things you are looking for, verifying, double checking and other?Getting close to making an offer, the selling agent said owner wants to know ...
Marian Smith
Do you have an AC guy check your units twice a year?
Do you have an AC guy service your unit regularly? How often and what does he do? Does he catch/prevent repairs before they happen?
Naga A.
Foreign investors! Do you use US address and phone number?
I have a dilemma. When I talk to contractors, agents or property managers and get asked where I live or my current address is, I cringe and reluctantly say I live in japan. I don't want to say it because I don't wa...
Courtney S
Wholesaler - Filing Income Taxes
As a wholesaler..when income tax season comes do I have to file income tax for any of the properties I wholesaled?...
If yes or no..what else am I required to report on income tax?
Thank in advance!