I'm in Florida and I'm have a situation.  My wife and I got into a lease w/ option to buy through an investor.  Everything checked out and we moved forward, putting a $4000 option fee down.  We even met with the previ...

Buying a property cash using hard money. I will issue the lender a promissory note outlining the terms of the loan. I have outstanding a Federal Tax lien that I am trying to pay off. Should I lien the property ...

Hi,
I was wondering if I could get some opinions on this contract? This was wrote up
By a Realestate attorney. The only thing I see that is concerning is the nonrefundable escrow money. What do you guys think...

Hello BP, my neighbor is an elderly man with cancer, and we have become good friends over the years. He came to me just yesterday and told me that he wants me to have his home after his passing, but he wants to contin...

So I have a few rehabs under my belt and I would like to bid on homes that other investors might be intimated by such as mold and structural issues. How do you estimate these kind of repairs to put in an offer? My t...

I am creating this post to get a better understanding of the many different terms used in real estate in the hopes to further my knowledge and hopefully anyone else who comes across this site. As a newbie, many times ...

While the recent major tax hike is far from certain, I am curious as what local investors think of the potential tax hike detailed in the linked article amount many others:http://www.cnbc.com/2015/09/03/chicagos-tax-n...

Hi BP community!I need some guidance on how to get this rent to own deal going. I have a property in Tampa and I have found some tenants that are interested in doing a rent to own lease. Do I need to hire a RE attorne...

BP Tax Gurus,My question is regarding short term rehabs.  I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...