Jeff McDermott
What is the hardest part of wholesaling?
I am giving a speech to a group of investors/new wholesales and I wanted to get some case studies from outside sources.I never found that finding deals or finding money was the hard part it was having to stress about ...
Davido Davido
Neighborhood Cooperates to Rent Abandoned Home. Who Pays Taxes?
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
Account Closed
The legalities of Wholesaling
I want to start by saying: WHOLESALING IS NOT ILLEGAL. Wholesaling is buying a property at a discount and selling it to an investor or anyone who isn't the end user. I'll address a few common questions and misconcepti...
Jacob Barnhart
Is it unethical to realtor if buyer contacts the seller directly?
A few months ago I was given pre-approval to be a home "much more expensive than the one I was looking at" according to the lender.So I made an offer on a house and did all the inspections and was close to closing whe...
Kyle Shankin
"Learned" something odd about 1031 exchanges
I'm hoping someone who's done a 1031 exchange before, or a CPA, can swoop in and drop some knowledge on me. I was over at my CPA's getting my taxes done and talking strategy for this year when the idea of a 1031 excha...
Doug Eric Gueirn
Using Real Estate Agents, Brokers and Realtor as arbitrage buyers...
How possible is this strategy for finding solid buyers? Hello, I am new to the Real Estate investing, wholesaling business and I am not sure how possible it would be to use agents or brokers to buy new properties that...
Lu Chen
First-time investor looking for Out-of-state turnkey
I am an engineer working 9-5 in San Jose, CA. I just started looking for cash-flow turnkeys out-of-state, really cannot find good cash-flowing investment in state near where I live. One of the markets I have looked ...
Cody Bain
22 y/o Active Duty, Buy or Rent in Pensacola, FL?
So here's the situation, I'm a 22 year old single male who is about to graduate from the U.S. Coast Guard Academy. I'll be reporting to flight training located in Pensacola, FL with the Navy following graduation. I ...
Shawn Bass
Two houses on one parcel...advice for financing?
Looking to pickup my second purchase for rentals. Came across a really good value of a property for under $200k. When I passed it by our loan broker, he indicated that the underwriters have an issue with the propert...
Munjal Adhvaryu
Hello from Canada (BC)
Hello Everyone,I just joined BP to learn about investing in the US from Canada. I am super new to real estate investing (never invested) so do not know where to start.I am primarily interested in cash flow properties ...