Greg Koszkul
Property behind on taxes- what would make it a good deal
After looking into a property and running the numbers, I noticed that it was behind on taxes by a couple years, and I know that I can negotiate the purchase price based on this. Would you simply subtract the tax delin...
Rick Cutrera
Looking for a "Finders Fee" document
Does anyone have or can share a document for a real estate finders fee? A friend is over-leverage with his hard money lender getting ready to foreclose. I have a builder buyer who will buy the property and is willin...
Danny Mittler
Is it possible to cheat the system ?
Hey I got an idea I’m sure someone think about it before but not sure if is possible If I find a property for 200k I put a down payment 3.5% is $7,000 plus all closing cost let’s say $15,000 from my pocket Then I list...
Jin Zhang
Questions about the 4 point system insurance inspection in Florida
Hi everyone, I am an out of state investors and am interested in investing in Florida. But I heard the insurance is very expensive and difficult to get sometimes. There is a 4 point system, including no more than 20 y...
Nathan Gray
Closing On a Property with Cash from a Relative...
Sorry if this isn't the right place but I have a relative who has seen my modest success in partnering with other family members using traditional mortgages on two 4-plex's and is interested in partnering with me/us b...
Joseph Hoot
advice for first time purchasing/closing with LLC
Hi all,We're within a week from closing on our first property in Georgia. We'd like to have it owned by an LLC that we created (FYI, I have listened to the podcasts about not worrying about entities until you get goi...
Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Christopher Alexander
First Wholesale Deal
Hello BP members,I have my first of 2 call backs from my yellow letter campaign. I literally sent out 5 letters 3 days ago and have 2 call backs. Both are FSBO's and one owes a small loan amount and the other is free...
Don Clark
Wholesaling REO's?
Hey is there anyone on BP familiar with the actual process of wholesaling a REO occupied property? I ran across the property today while scrolling through a nice neighborhood here in Atlanta. I wrote down the addre...
Omar Barazi
Wholesaling - Proof of Funds
I’m looking to break into REI with wholesale deals as a way to raise capital for personal investment properties. When it comes to getting a seller to sign a purchase agreement, how are wholesalers showing POF even tho...