Peter Lee
Capital gains or ordinary income?
Say if I entered into escrow on a property, went through entitlements, and put in money to develop the project, and upon successful achievement of entitlements sold the property for a higher price than what I was in c...
AJ Waller
Help Establishing an Addition Construction Credit Facility
Dear All,I discovered a great business model last year that's worked very well for me during this short time. I am now seeking a way to establish a credit facility (200K to 1M) to help me scale up faster. Suggestion...
Leigh Ann Smith
Does the 50% rule apply in Texas?
Property taxes run about 2.8% in the Houston TX area. So, for a $100,000 house, that's $2800/year or $233/month. Do you just throw out the 50% rule in areas like this?And don't get me started on flood insurance....
Jonathan Sibley
Help with payment processing company
First time poster here looking for a little help with some management systems.... I apologize if this is common knowledge. I am looking for a service to process rental payments for 22 units. I now have 11 duplexes a...
Chris Harper
Buyer using realtor
Hello BP,
I negotiated a purchase price with a buyer on a property I have under contract. The buyer is finishing the process with a realtor. The realtor asked me to sign a contract prepared by him using a PA ...
MJ Meneley
What are my financing options for rehab costs?
Looking for some advice....I just bought a new rental property, as a 50% partner using cash. Need to finance the rehab costs - I tried to take out a HELOC on a different rental property that I have equity in. However,...
Ryan Shaw
Phantom Dryer
Hope there's a veteran DIY/handy guy who can point me in the right direction. My tenant called about a strange issue she is having with her dryer and sent a video to verify the symptoms. When the door is closed and ...
Brett Fitzgerald
Overview of tax lien investing?
Hi everyone,I recently listened to podcast #56 (http://biggerpockets.com/show56) and found the idea of tax lien investing very interesting. Is there an overview that goes a little more in depth as to the advantages, r...
Matt Harris
Financing for Multifamily with Manufactured home
I am looking at a deal right now that I would like to finance, but it has a manufactured home on the site. Conventional financing, which I have qualified for, won't fund a property with a manufactured home. The proper...
Anthony Wick
Buying Multi Family in college town...after school has started...
Location: Ames, IowaProperty: 4 plex multi family, about 2 miles from Iowa State UniversityMy overall question is, how hard is a rental to fill after college has started in Ames? I hear the sales market comes crashing...