Kathleen Nguyen
Assigning Contract or Double Closing?
Hello,I am new to the wholesaling business. I have a deal under contract and will make about $10K but not sure if I can do an assignment. Would prefer to do double closing but transnational funding will make margin ...
Jose Contreras
Partnerships in flips
Hello everyoneI would love to get an opinion on our situation from everyone. My wife and I buy and hold long term properties. So far rents are great and we would like to purchase more properties, however we are limite...
Van Johnson
Gut Job Fix and Flips
What’s going on out there? I wanted to get some feedback and thoughts on a recent deal I have under contract. I’m an investor in the Central Arkansas market currently making my first flip happen. I believe I got a pre...
Malik Welch
Doing multiple rehabs with revolving debt
Hey BP I have a scenario question for any rehabbers or Accountants.If I have a private lender lend me 100,000 for a year at 12% APR for me to use the money as many times as I'd like through out the 12 month period do...
Patrick Britton
Is building a spec home less risky than flipping a fixer upper?
I have been looking at spec building since the early summer and cannot seem to find the same level or amount of risk associated as with fix and flips. It seems that because nearly all of the costs are known well in a...
Joe Boggin
please critique...
im a fan of rentals. i like the cash flow monthly. i have a property free and clear and i want to use the equity to obtain a second property. the reason i want a second property is to get the cash flow again. ...
TJ Farrington
Currently trying to wholesale a property with a tax lien of $120,000
Hey BP Fam,
I am a current wholesaler that came across a property with a $120,000 tax lien on it. The property has 100% equity on the property but I don't really see to much profit margin for the seller, me, and the...
Account Closed
Winning in an all-cash market in California
I'm sure many of the members in this forum have achieved the financial success to purchase homes with an all-cash offer. There are a tremendous number of cash buyers in my area that make it difficult to compete with g...
Angela Russell
Just starting in REI flipping
I’m looking at flipping my first deal. What do you do with the profit to lower the tax penalty? It will be taxed as regular income tax. Do you just account for that coming out if your profit margin?
Julie Yarnall
Portland OR Zombie House Fixer
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $365,000
Cash invested: $115,000
Sale price: $530,000
Fix & Flip
What made you interested in inves...