Bryan Hancock
"Reasonable Steps" Parsed For The JOBs Act
I've been doing quite a bit of research on the new "reasonable steps" enumerated in the SEC page for the new JOBS Act. This page:
Eliminating the Prohibition on General Solicitation and General Advertising i...
Account Closed
Multifamily deal
I came across a 304 unit for 10.5 million.$35k a unit in Indianapolis. In the description it says The loan is currently in arrears and the lender has agreed to forbear foreclosure to allow a sale of the property subje...
Stephen Collins
Legally Can I transfer/purchase a house like this?
I am a United States Service Member, and have a Soldier friend who is leaving the Army and wishes to sell his house so he can move back closer to his family. He has made a “half-attempt” to sell the house but as of...
Brad McDaniel
Estimated Rehab Cost Per Sqft in Maryland?
Hello Everyone! I am trying to get a general idea what the cost per sqft is to rehab a property in Montgomery county, MD. I have a contact that is a wholesaler in that area, but I don't have much local knowledge. Than...
Marek Berry
Structuring Unconventional Deal
I'm seeking input on what the BP community thinks is a fair fee for my role in facilitating a transaction.
The seller owns about six empty lots in TX in a desirable city. He's sold five of them and is also acting as...
Kyle Bell
New Member From the Chicago Area!
Spent 3 years managing SFH around the SE suburbs on the city. Loved the pace but was ready to try something new. Went on to manage a senior living facility handling tax credit residents. Definitely was not for me! ...
Jan Walczak
Is there an ideal % or ratio at which to refinance a property?
I'll keep the numbers simple to better explain my question.
I own a 1m home with a mortgage of 400k in Toronto (60% equity). There's 600k I would like to get access to.
- Is there a general rule or ratio at which yo...
Mallory Jakiel
Tax Benefit for W2 Income
Hello,I am new to real estate investing. Part of the reason I'm beginning down this path is for a tax shelter for my W2 income. I'm married with one child and make $135K.Will I benefit more in tax deductions by purc...
Bruce D. Kowal
Can I rely upon my tax preparer to avoid IRS penalties?
IRS is not shy about disputing claims to Real Estate Professional status. It's an easy desk audit for IRS. They query Schedule E losses. And if IRS challenges your claim to be a Real Estate Professional they will s...
Ally H.
RESPA and VA Loan
Hi fellow BPers! We have some questions for those who are familiar with the VA loan for active duty military.We went through a mortgage broker and locked in our interest rate and lender's credit last month with a Rate...