Hunter Gibson
1031 Exchange First Timer
Hi everybody,
I am going to talk to my attorney and CPA before doing anything but I wanted to get other peoples opinion on what I can do before that point . I was living in the home for about 6 months and have turne...
Matthew Hirbour
Tax exclusion upon sale of home
Hi everyone, Question regarding tax exclusion for sale of home. My wife and I own a condo in Jackson Hole, Wyoming. We have lived in it for 5 years, and we just got our names pulled for the employee housing lottery of...
Brandon Sturgill
Estimating Value on a Complete Rehab
I currently have interest in a SFH that is a complete rehab. The individual that purchased the house completed the initial steps, but apparently ran out of cash...Anyway, the house is basically gutted. I have good com...
Dax Smith
First attempt at JV flip need feedback
High-ROI Investment Opportunity: 1360 Meadowood Dr, Hixson, TN
1. Introduction
Title: Investment Opportunity: 1360 Meadowood Dr, Hixson, TN - High ROI Potential!
Description:
Hello Everyone,
My name is [Your Name...
Andre Sazhnev
Seller owes 90k on property, what do I do?
Hello. I’m new to flipping and to real estate in general. I want to get started. I found a property for sale by a wholesaler and here’s the deal. Asking price is 99k, owner owes 90k as the mortgage. How do I go about ...
Daniel Watkins
Recommend tax professional in Maryland
Hey all,Anyone know a good tax accountant in Maryland? Here is the situation.Inherited condo in DC in 2017- FMV 480kRented most of 2017, 2019, 2020. 23k Reno in 2018.Selling for 525 in December.I just found out my cpa...
Donovan James
Owner Financing on Property Listed by Agent
Hello all,
I was wondering if it possible to do owner financing if the seller is using a real estate agent to sell the property? I am just curious if I should make this suggestion to the real estate agent for the pro...
Dalton Shepherd
Flip and Rehab Profit
When you are analyzing flip deals, what kind of profit are you looking for? I’ve seen some say they want to be “all in” for 70% of arv and I know some might settle for 80-90% if the turn around time is short and it’s ...
Matthew Brand
7 years to 7 figures ignoring debt?
I'm trying to understand the 7 years to 7 figures doc (https://bp-v-newproduction.s3.amazonaws.com/upload...) and I'm a bit confused how the equity is being utilized. Specifically, in year 5 when you're trading up to ...
Account Closed
Question about Cash Out Refi Using Hard Money
I’m struggling to understand how a cash out refi works when using hard money, specifically how the equity works. I’m considering using hard money to flip a sfr but refi rather than sell (BRRRR). Let’s say I put 5-10% ...