Tyler Willson
Tax Implications for Flipping
Hello everyone,We are nearing the end of our first rehab and flip project, and I was wondering how we go about writing off expenses for taxes. I was getting fairly clear on how to do it for rentals with division into ...
Jason H.
Do you use conventional or private?
I am just curious who actually uses private money and who uses a conventional loan?
I need to keep my day job for another two years before I could potentially be able to leave and invest full time, that is not very a...
Bo Wagner
Critical information about wiring funds and fraudulent listings
I want to remind people that there are so many scams out there right now. If you see a real estate deal that seems 'too good to be true', it may very well be! People in the ATL area have been utilizing Facebook Mar...
Angelo Revercomb
Advice on a potential deal!!!
I recently came across an interesting situation. My wife and I noticed a home being built sometime around a year ago. The home is finished part from the ( cabinet door and drawer fronts, countertops, baseboard, final ...
Charity Phillips
Louisiana Home Mortgage
Hi all,We are currently deep in the process of buying our first home in Louisiana. It is a 1br/1br home built for a grandmother with 1660 sq ft, has an additional 1br/1ba Rental home on the property, and sitting on ...
Sean Peters
How to pay your contractor: T&M vs. quote based pricing
This is in regards to a new flip project I have started... There is not a ton of work to be done, but there is enough... Lots of small jobs like windows, flooring, installing cabinets.So my question is: If you have a ...
Kyle Deboer
What are some things you wish you did before you started in real estate
I am interested in real estate but I am too young to get any mortgage from a bank. Are there things you wish you did during the stage of your life that I am? I want to get started as soon as possible with buying prope...
Mike Moran
SEP IRA - disregarded entity?
Good morning BP!I work full time and have a 401(k) through my employer. I also have an Roth IRA personally that I contribute to. However, I utilize a disregarded entity to own and manage several small apartment buil...
Mark Grozen-Smith
Mobile Home Park Diligence Timeline
Hi BP friends,
I'm trying to learn when the diligence process happens in the purchasing flow of a mobile home park. I know theres a lot you want to do once the property is in escrow (check the sewer, confirm financia...
Michael W. McCord
Unrecorded deed of trust as collateral for private money loan
Hi, I have a proposed deal with a builder that wants to use my private money loan to purchase 5 adjacent townhome lots in Sanger TX in order to secure a construction loan which will have the first lien. He says that w...