Hello everyone, I'm planning on using 0 % credit cards to fund a rehab project. I decided to not take the HML route since it takes a good chunk of my profits. With that being said, I'm concerned how this could potenti...
Hello BP, My mother moved down to Florida a few months ago to continue working in the hard money area as an operations manager. She asked me to reach out to the Florida investors that use hard money. Below is copied f...
This is a hypothetical question at this point, but could not find precedence or a loan calculator which could help me as most calculators out on the web presume a positive number for interest rates. However, the way t...
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Hi, BP STR investorsWe've recently switched things up with our pricing strategy. Essentially, we're now offering a 35% discount that's spread evenly across the nearest 14 days, starting from today. It seems working. W...
First time buying a condo in Boca Raton and have some basic questions. The community has been around for a while but trying to understand reserves (see attached). Inside the master community, there are many subdivisio...
Hello, fellow bigger pocketers. I'm trying to weigh out my options on whether or not to do a 1031 exchange on the planned sale of a duplex I am about to list. I estimate that we will be on the hook for approx $100K in...
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Hi all,
I was interested to find out the basics for tax planning for a real estate
project to buy a lot and remove existing structures and have 3 units built
with 1 being kept by the owner.
How would I find infor...
I recently got approved for two loans totaling $48k. I was thinking of using about $30k to pay off my car loan, credit cards, renovate current home (putting up for rent next year) . Then I would use the rest to try an...