Bienes Raices
When to start using a CPA?
My lawyer recommended talking to a CPA about my rental properties. I've never used one before (I've done the itemized deductions by myself once--last year, with Turbo Tax--for my rentals).
Do you typically have the ...
Carl Schmitt
"Flipping a short sale is illegal"
I'm sure all the "flippers" out there read the subject and said, "That's not true!". I would say it all depends. The reason I'm writing this is because as I was speaking with a "short sale expert", she informed me t...
Nicole R.
Defendants Filing Bankruptcy to Stall Sheriff Sale Confirmation
Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
Mike Wire
anyone investing in puerto rico
I just heard on the news that real estate prices are dropping like crazy in Puerto Rico due to the state of the local economy. Wondering if that's a good opportunity to start investing there. Anyone on BP currently in...
Ryan K.
Contractor price - lump sum or breakdown?
Curious to know how everyone is receiving contractor scope of work and pricing for rehab projects, do your contractors provide a scope of work with a lump sum total, or do they break down the items? For example, say y...
Sandra B.
Mentorship/Advice needed, have a solid amount of start up cash but no experience
My husband and I are really interested in getting into real estate, every year that passes without us acquiring a property feels like we're falling behind. We're financially very stable, we bring in 400-600k annually ...
Jason L.
Determining Profit Share for Spec Home - Risk vs Capital/Other Contribution
Hello BP, I'm looking to build a spec home on a piece of land I own in a relatively affluent Bay Area neighborhood. I'm negotiating with a prospective partner who is an experienced developer/RE Agent in the area. ...
Tina Dupart
Tenant Lease Ending Question
Cohoes, New York: My tenant (and her co-signer) owes me 10k in backpay for rent. Her lease is up at the end of November. (This month) Our property manager said that the tenant's attorney wants me to renew our lease f...
Nolan Dalton
DSCR LOANS. Where to get approved?
I want to get approved for a DSCR loan. I have walked through a few properties that I know would cash flow. Where can I find a lender? I talked with a manager at my local KeyBank and she told me "There is no such thi...
Sam Chainani
Buying defaulted mortgage notes directly from banks
I came across following idea from internet about buying defaulted mortgage notes directly from banks. However, I need some more help. Please help. Thanks, Sam
Contact homeowner in pre-foreclosure. When you first appr...