Courtney M.
WHAT THE HECK? Fannie Mae being shady?
Hey guys! I am in the process of getting an REO under contract through Fannie Mae, and LAST MINUTE they sent me this bogus Real Estate Purchase Addendum that TOTALLY negates the terms in our agreed upon offer.....My a...
Andrew Angell
Questions around Passive vs. Active classification of activities in my LLC.
I leverage my Life Insurance cash value in a couple of different ways with an LLC, and I have some questions about active vs. passive classification on the deals I'm doing.
I take a policy loan personally, and then I...
Craig M
Experiences rehabbing in tract housing neighborhoods
The suburbs around Austin are flooded with cookie cutter tract houses. What are your experiences, good or bad, rehabbing homes in areas like this? It seems at any given time you can find 2-3 houses with the exact sa...
David Avetisyan
Criteria for Five Loans & Above
I was wondering what the criteria is on the fifth loan for both the subject property, and on existing investment properties.Furthermore, would it be any different if you are trying to refinance a cash purchase on a fi...
Jack Tucker
Sold for $700k. Original Costs: (Cash 100k + Loans 300k)... How much must I Buy?
I have a portfolio that I have owned for 3+ years. Selling for 700k.
Total purchase price that I paid was $400k.
Let's say that $100k is from "after-tax money" for down payment/rehab cash and the ...
Trevor Bozich
Reporting Business Income on Form 1065?
I started an LLC in late 2018 as a domestic partnership between my mom and I. When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard. Fast forward to tax time, we own anoth...
Bryan L.
Appraisals...seriously, what's the point?
If the appraiser is starting with the purchase price in their pocket and then the appraisal comes out to that exact figure - I see this as a wasted expense. Don't get me wrong, I was happy to see it come out there bu...
Edita D.
Drywood termites: spot trt vs fumigation?
Hey guys!
We have two contradicting reports on dry wood termite infestation at our quad in San Diego.
One pest company recommends fumigation, the other recommends spot treatment and option to pay 400$/year for re-t...
Felicia Bridges
Question about contractors
I’m a newbie investor and I’m finding that my mental hang up with the idea of acquiring an under market value property is that it will more than likely require some work/tlc/rehabbing.On BP there is a resource to loca...
Gary B.
Neighborhood due diligence
Hi Fellow investors,what neighborhood evaluation tools do you use to classify it A,B,C,D or F neighborhood ?I had aggression of outcomes in past from websites like trullia, zillow or broker inputs. any guidance on thi...