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BP Team!Long time lurker, second time poster. A property in a Dallas suburb next to my aunt's house has been vacant for 2 years. The owner has lived in Dallas proper (older gent with a much more expensive property) an...
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Needing help on how to handle a QuitClaim Deed given by the IRS. Backstory: My parents won an IRS auction and purchased a lovely lakefront property to be their forever home (not as an investment or flip) in East TX. ...
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Hi all,Looking for some feedback on our current house-hacking numbers and any recommendations on how to proceed once we move out.We bought our first property in November 2021 (duplex 1/1 upstairs and 2/1 downstairs, C...
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Aside from cash, HELOC, or an investor, is there a way to fund the bulk of the purchase and rehab with a different type of loan?Do smaller banks offer "rehab loans" that are not for your primary residence? 203k or som...
Hello again BP, I just bought a Quadraplex and I have some funds to renovate but I need some more to finish all at one time. Family and friends is not an option for me. Which company or bank do you use to get funds to...
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Hi Everyone,My name is Jermaine, and I'm a new investor who will be moving to the DFW area next week once my military contract has ended. I am currently looking to establish connections with people, and learn as much ...
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I have broken so many rules, some out of ignorance, many not.For instance, I have paid contractors an up-front payment before work is done. And I've been taken. But I also have a very reliable contractor that requir...
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Below is an excerpt from a Rental Property Cost basis worksheet taken from Turbotax. Basically they took the amount I paid for the property $83k, then added in some loan costs, plus $2k in Capital Improvements. Then I...
Hello,
In 2018, I had a contractor do a substantial home improvement project to my town home ($29k worth). The project included replacing the roof, replacing all windows, and installing aluminum siding to the exteri...