Andrew Machado
First post down, many more to come!
So far I'm loving the community and how much assistance I see happening by the hour.
My Name is Andrew Machado. I am married to my lovely wife Nicole and we have a beautiful baby girl Victoria, who just tur...
Edward Dones
Trouble on getting funds
Hello BP fam, I have a two part question. I'm having a slight issue coming up with an extra 2k for the closing cost on a duplex thats in contract and I have about 3 weeks to come up with it or I lose out I'm going wit...
Ray Hernandez
Wholesaling A House With A Mortgage - Numbers?
I've been looking into wholesaling the past couple of days since I may tie up a lot of my capital in other deals and I'll probably get pretty bored doing nothing. So now I came across one question that I still don't u...
William Maddox
Tax Delinquent properties, assignable?
I have a list of tax delinquent properties, and I'd like to start mailing to them, going face to face, etc. My question is are these properties assignable as a wholesale purchase, just as other properties are? If so, ...
Kia Zhu
Deposit and rent in the same bank account?
My property is in NJ. Per the bank's request, I need to ask tenants to fill in a W-9, so I can put their security deposit in an interest bearing security deposit account.The tenant wouldn't fill one, so I put her secu...
Rick Albert
Section 8 Experiences: Who wants to chat over coffee?
Hello!I wanted to get people's personal insight into Section 8 in the St. Louis area. It would be virtual but happy to buy a cup of coffee for your time.This must be someone who has personally dealt with Section 8.Tha...
Teho Kim
How to find VA assumable loans?
Just found out that assumable loans are a thing for VA loans. My next military assignment is to Del Rio TX and I'd like to get take advantage of the assumable loan. But despite it being a small town with a proportiona...
Clayton Swansen
Possible Changes to RE Tax Code
https://www.nytimes.com/2017/04/22/business/trump-...Hi, Everyone! I came across this article in the New York Times today about possible changes in the tax code as it pertains to real estate. I am a new investor, havi...
Jack Phillips
Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
Adam Demchik
House had mold..was cleaned with bleach and primed with Kilz...is this good enough?
Looking to purchase a rehab and the seller has already remediated a mold issue by using bleach and painting everything with Kilz. I am pretty sure this is not the correct method. The house had mold in the attic a...