Cristin Andrews
IRS recognized real estate professional while drawing pension?
Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...
Michael Guzik
Short Term Rentals Slowing Down due to Negative Media Coverage??
I'm not sure if everyone is on Twitter or Facebook, but there's been a pretty noticeable movement (usually among among millenials / Gen Z) to bash Airbnb / short term rentals. Everything from "creeper" landlords, to "...
Bill Robinson
Continue this strategy?
Assuming I can purchase, rehab, rent and refi out all cash outlay while retaining 10-20% ARV equity while the property continues to support > $100 a door / month cash flow after expenses. Tell me why it doesn't mak...
Jaelen Washington
Can I use my employer?
In the past I've reported employee violations. In return my employer has notified those specific employees which then return to me stating that my employer gave them my name as the one who reported them. When these al...
Joe Robinson
Possible to split a deed that has a lein
A friend of mine wants to buy a portion of a property, 10 acres. The deed currently includes 13 acres with the house in the other 3 acres.
The seller is an older man who wants to keep and live in the house. However, ...
Paul Bush
Can I assign or double close a lease-purchase deal to somebody getting a FHA loan?
I have a Question that I hope is easy for somebody...
I am working on a deal where I have leased a house with a purchase option. I am hoping to flip it to a retail buyer who will get a FHA insured loan. Is th...
Melissa Sautter
Lease Cancellation Template
Hi BP community. I inherited a tenant and after a few months I have agreed to release them from their lease if they pay the following on a payment plan. They would need to complete payments by an agreed upon date The ...
Steven Mitchell
What exactly IS earnest money ?
So we recently tried selling a house. The day before closing, the buyers backed out. No reason was stated.We only got a quarter of their earnest money.I was under the impression the earnest money exists to protect t...
Burt L.
Attorney Says Seller Cant Sell - Unreleased Deed & Mort Co Gone!
I've been working with the seller for a long time and she is now ready to sell. I had an O & E run and it shows a DOT and a mortgage of $56,000 borrowed 33 years ago. The owner received the property in a divorce t...
Samuel Eastling
Lease Option VS. Contract of Deed, bum, bum, bum!!
Hey guys,I jut read Brandon Turner's nook on investing with no or low money down. What is the difference between a lease option and a contract for deed? I kind of understand how they may be different but not entirel...