Sven D.
My neighbors finance company won't talk to us
Good afternoon,I am trying to buy or assume my neighbor's home loan from, what looks like to me, a sketchy finance company. Originally we thought they were just the debt collector but they served him papers for a judi...
Zachary Schimenz
Conventional Loans don't make sense to me because...
Ok so I'm reading a lot about loans and trying to figure them out, a couple things I can't figure out for the life of me, was hoping one of y'all could help me understand!1. Why would a bank loan out money at a 4% int...
Josh Larsen
how to verify private and hard money lenders
Hi everyone,
I am in the process of potentially doing business with a private lender. He owns his own incorporated real estate capital lending firm, and his terms seems very reasonable. While his company is visible...
Jerry Ferrell
Has anybody ever heard of Frank Walker? Says he is a private lender.
A guy named Frank Walker showed up in my Facebook messenger asking if I needed a loan to finance my deals. I said, not at the moment. He then asked me if I could text him my email address so he could send me his fund...
Dwayne Jones
Do you think appraisers typically make fair reports?
I"m just curious. Do you think appraisers typically make reports strictly from data or do you think personal bias play a factor. Example: most sales data for a house is public record and do you think you get the same ...
Account Closed
is there more profit to be made in home builders?
right now i am in the fix and flip business. are deals any harder to find? is the business of fix and flip to home builder somewhat identical?
Wade Stahle
What is the average PROFIT on a spec home sale?
Hi BP,I'm a spec builder in Alaska. I've built 4 multi-families, 2 single families and am currently under construction on two more. All within two years. My question is if anyone knows the average PROFIT builders are ...
Neal Collins
Keeping money in my pocket vs. paying the tax man
Is there any way to avoid paying personal income tax when flipping a house?Could you hold it for longer than 365 days and only be subject to longterm capital gains tax?Alternatively, could you fix it up and call it yo...
Robin Simon
A Short History of Short Term Rental Financing
It's hard to remember sometimes, but Airbnb is only 13 years old, founded in August 2008 at the height of the real estate mortgage crisis. While there have certainly been ups and downs over the years, it is undenia...
Chris Mason
Question for tax pros about S-corps.
Sally and Johnny are both the sole owners and employees of a pair of unrelated S corps in the same city. They don't know each other, but Sally and Johnny make and sell widgets. They both also W2 themselves $50k/yr, wh...