Joshua Meyers
How concerning is this issue?(See Pics)
Found a pretty solid deal today and the seller seems motivated. The only problem I've found with the property is this crack/shift. There are no cracks in the walls and all the windows, doors, floors, etc. seem to all ...
Jill F.
What is the difference between following and connecting?
I've been here for a while and I don't know this. I guess it's an etiquette question. Under what circumstances should I send a connection invite and when should I send a follow? I've always just done the connect thing...
Ryan Elam
Pay down HELOC during Promo Rate Period?
Hi there, I have a HELOC with a balance of $82k that is under a 0.99% promo rate until the end of August. In September, the HELOC goes to the prime rate. What I'm trying to decide is if I should prioritize paying this...
Jonathan Kono
What happens when buyer files for bankruptcy???
Been trying to do some research on this specific topic and I've had no luck finding any answers. If anyone has any information or incite on this i would greatly appreciate the help.What happens to the investment grou...
Curt Smith
How to file taxes on a sandwich lease option
Hi Guys, I searched BP for tax prep help, didn't find any tax prep helps for a sandwitch lease option.Bought on a lease and option. Zero option fee, lease is the sellers mortgage payment: $798/mo. I pay for fix ups...
Jon Klaus
10,000 bulletins posted
If you are not checking out bulletins under Knowledge Base, you are missing out on a great BP resource. I've learned a lot from the bulletins and check them several times a week. Thanks to Bryan Hancock and the other...
Clark Zuker
Finding Out What's Owed on a Property
Hello,I'm about to finish the BP book on negotiating real estate and it talks about finding what is owed on a property to get an idea of the rock bottom offer would be accepted.Does anyone have a recommendation on how...
David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Joshua Dees
Upcoming Foreclosure PLUS Liens
Someone I know is in quite the pickle. Once upon a time, they got married, bought a house, etc etc. Somewhere along the line, things went South. After a divorce, I guess they had to file bankruptcy, but that didn't la...
Dave Chow
Refinance for rental property
I have a rental property which is originally purchased not for rental purpose. Now its renting out for $1550/MO. The loan has a 10-year fixed rate of 3.15. The loan balance is about $110,000(house price is about $190,...