Craishia Millines
Tenant Filed Bankruptcy
Hello BP family,We filed for eviction court (tenants past due in rent) and the hearing was supposed to be today. However, I received mail two hours before court regarding a notice to reset/possible dismissal with a ne...
Josh Edelson
Insurance Payout - Claim as income?
I had a fire at one of my houses. Insurance paid me $30k and it will cost $30k in repairs. Do I need to claim $30k in income AND $30k expenses? Can I JUST claim the expenses? Can I just not claim either since it's a w...
Thomas Harpole
Need help calculating profit for a Fix-Flip deal in Denver, CO!
Hi there,
My business partner (Jordan) and I need some help calculating the profit for our recent fix and flip in Denver, Colorado.
We, as a joint partnership, originally purchased the home for
$340,000. Jordan ...
Reginald S.
Are we breaking the law? BUSINESS LICENSE, required or not?
Ok my question is, as real estate investors, do we actually need a business license to buy and sell houses via our registered entities/companies? When I first opened my business (about three years ago) I went to my lo...
Edita D.
first time doing 1031 exchange
Hey guys!I am getting pre-qualified for a loan, we are planning to do a 1031 exchange.The realtor referred me to 3 lenders, 2 of which never done 1031 exchanges. Does the loan officer need to be knowledgeable about 10...
Patrick Schmidtlein
Cash Out Refinance in LLC with Private Money Lender - Can I draw my equity out
I purchased a single family property in cash last year and am considering a cash out refinance. I have a private lender that is showing me a 30 year fixed product that would cash out 75% of the property value. If I c...
Carlos Silva
Can you 1031 exchange residential for commercial ?
I have a single family rental home I would like to sell. I would like to use the proceeds as a down payment for commercial real estate (raw land). Can I do this through a 1031 exchange?
La'Crystal Hicks
Found 4plex through realtor
Good morning everyone I was asked by a buyer if I could find a 4plex and he listed all his criteria. I met with a realtor yesterday who has 4plex available and it met the buyer criteria. Now what should I do? Should I...
Kellie Powell
Educating myself on self-employment / new LLC
Can you suggest any books or podcasts, web sites, articles, you-tubes, etc. I can educate myself with? My husband and I have formed an LLC, we are flipping houses. We both currently have a 9-5 job. We are financia...
Luis Crespo
Unsecured/ Secured Business Credit Cards
I now have 5 credit experiences in my business credit from Net 30 accounts and wondering how to proceed in applying for business credit cards. Anyone know the best business credit cards to apply for, for both unsecure...