James White-Young
Deceased subject to purchase?
I have an older long time friend who just sadly passed away, and his family has no interest in his property and wants to just walk away and let the bank have it. I am looking at possibly trying to purchase the home Su...
Bradley Rombach
Join venture - Full Recourse
I am (investor) looking at a deal that’s $600,000. To secure and renovate the property it’s $220,000. I, a very distant investor, will bring $220,000 to the table and the operator will do the entire project. Here are ...
Eric DeVito
What upgrades to make when acquiring a rental property?
Hello all, basically I am in the market to acquire a 2 family property. I will use a VA Loan to live in 1 apartment and rent the other. What upgrades should be made to the property to get it rent ready or increase the...
Vania Nettleford
Out of State Investment
I'm a 26 year old new investor. I bought my first two family last year and would like to buy another smaller two family or single family to rent out in the next few months. Any help would be appreciated.I'm consideri...
Christian Malesic
You Pay All Transfer Taxes
This is a reminder to all REO investors or would-be REO investors:
If your state has transfer taxes that are normally split between the buyer and the seller, most banks make you pay both sides on REO deals.
Be sure ...
Devon Remington
Credit Partner insights.
Just got offered an interesting opportunity and need some insight. said person is currently wrapped up in what was supposed to be a fix and flip but it was taking longer than expected and over budget so it is now gett...
Donaldson Shumpert
Smartland Realestate & Ace Properties
Has anyone done business with Smartland Realestate or Ace Properties???
Mike Szabo
North Carolina Airbnb LLC
Hello all,I need some advice on an LLC for an Airbnb at our primary residence. My wife and I have two other Airbnbs that we have always kept in an LLC( one llc for each). However, i know that since this third one is l...
Luke S.
Flipping multi family within a year.... (tax/exit questions)
We have the potential ability to be rolling out of a project we picked up this fall at a great exit price. One thing that worries me though is the fact that we will be paying 'ordinary income' if we sell before we ...
Chris Davis
Commercial loan for LLC with no seasoning issues to cash out refi
Hello fellow BP's. I have a question, I am seeking to purchase 2 single family houses. The first property is valued at 45K and currently rents for $600 per month. The second property is valued at 35K and currently ren...