Michael Cavitolo
Thoughts on FHA 203k Loan.
What are your thoughts on using the FHA 203k Loan for renovations? Is there a catch?
Adam Michael
Approaching A Mentor
The other night I had dinner with one of my biggest customers (W2 job) and it came up that him and his brother own 45 units. Topic came up because I'm moving into my 2nd property soon. I have a three family and am clo...
Irina Bondarchuk
Preparing to sell two rentals in Vegas
I am planning to sell two rental houses in Vegas that I have held for a while - both in Summerlin. Before listing them, I plan to make some updates to potentially increase the sale price:
Paint the interior of both h...
Joseph Martin
Real Estate professional & income loss
What is meant by “passive activity loss” for a real estate professional? I am currently 37% tax bracket and all passive activity losses are void for me (IRS form 8582).However, it states that “unless the taxpayer is a...
Harol Silva
Consequences of walking out of an auction purchase before closing?
Hi guys I’m just starting and learning REI. I won a bid on a property, and took the risk of the property being occupied. There was a label by front door stating the following “We found this property to be vacant and/o...
Gulshan D.
1st time renting out to section 8
Hey guys, I need some advice on my first rental.
My agent said it might be worth renting out to section 8 tenant and he was able to convince me. Do you guys have experience on section 8 tenants? What were your expe...
Joshua Martin
Gosh D&$* Envelopes...
Hey gang, This is about as amateur as a question gets, and I know there's a handful of you direct mailers out there who will simply say 'don't do that. Outsource.' But for those of you who actually print and mail env...
Andrew Sampino
Revisiting the duplex deal in Dallas, TX
Hi everyone,
I recently posted about a deal that my friend was considering in Dallas, TX; that post is below and labeled "original post". We've looked at the numbers a little more closely and changed up the strategy ...
Artem Kovalevskiy
How do I find out if there are any liens on a Bank Owned Property?
I am just starting out, and have been reading alot for the last 6-7 months. I have read that REO properties come with clear titles, and Foreclosures could have liens. The house is labeled "Bank Owed", and doesn't spec...
Paul Veronis
Estimating Rehab Costs
Hello BP community.
I was wondering if anyone had any advice or different systems they use to estimate what the rehab price would be of a property. I am trying to wholesale distressed properties in MA, but am having...