Burt Gourley
Flipping houses as a business
Hi guys, Looking for some information from those of you that flip houses as a business. I am referring to more than one a year. Specifically I am wondering how one goes about the taxes with this situation, such as ca...
Sonia Spangenberg
PPM's
Does anyone have guidance on wording for a PPM. I already feel comfortable with presenting the deal analysis reports but would like to have a PPM statement as to risks to attach to those. Could someone share an exam...
Shannon Bunyard
Hello-My name is Shannon
I am a Realtor in the San Francisco Bay Area. I have been on BP for about a year, I never thought it would make such an impact on me. I began listening to David Greene and Brandon Turner and was hooked. Now, BP Mon...
Stephen Flynt
Advice on obtaining loans < $50,000
I am planning to purchase a SFR in Birmingham, AL for $45,000. It's currently rented out at $825/month and as it sits needs no repairs or upgrades. I could purchase it with cash but would rather obtain a loan to bet...
Stan Plebanek
subject to
I have read many of the posts here about subject to deals. I understand the concept but would love to hear the nuts and bolts of the deals. I assume the contract says subject to the existing mortgage dated XXXX with...
Brian Wall
short sales flips with owner financing?
For all you cash flow gurus out there....
In the context of doing a short sale flip....
I have the cash to buy one or two short sales, at a decent discount 65-70% of market value.
I was thinking that I would offe...
Patrick Sullivan
Good Crowdfunding Source for REI Transactions
Hello All,I was wondering if anyone knows of a reliable and effective crowd funding site (you used PERSONALLY multiple times) to fund part or [even] all of your real estate transactions, and whether it would be a soun...
Sadia Abbasi
Tenant keeping unauthorized pet
I have a tenant in one of the units of a duplex in which I live. I am in the process of selling the duplex (Pittsburgh, PA). I had a realtor coming in to take pictures of the house and saw that my tenant had a snake i...
Joe S.
Lenders that allow appraisals prior to tenant placement
Lenders that allow appraisals prior to tenant placement. There are times when it’s not clear whether the sale of property or to refinance it after the rehab. A number of the lenders want there to be a tenant in place ...
Michael Christopher
Cleveland (Tremont) property,
Hello-
I have a property on the outskirts of Tremont, near Cleveland Metro Hospital. I have tenant in the property. She is currently in her 2nd one-year lease. The property is not mortgaged. However, I used c unsec...