Patrick Philip
Is there a better finance strategy for large purchases than this?
Someone once told me that he "builds or purchases and repositions" at 75% of FMV. Then, after 3-12 months, he refinances at 100% FMV and they lend him 75% of the value, meaning that he got all, or most, of his money b...
Kim Smith
Buying rentals with my self directed 401K
I have funds in a self directed 401K through Equity Trust. I have been lending funds to investors that I know for 2nd position loans on their flips. Equity Trust does not allow checkbook control over my money and so...
Peter Morrissey
Cost for replacement of baseboard radiator?
Looking at a rehab duplex to buy and hold. It has boilers which is a new thing for me as they are not real common in our area. The boilers look reasonably new. My concern is with the baseboard radiators. The fins look...
Jonathan Small
DIY or hire help for taxes?
I have 2 people that I sometimes partner with on real estate deals.I use a CPA because I have a number of rentals and a few LLCs. I understand the value my CPA provides for me in my situation.However, when should my o...
Stephen Brown
Holy Toledo! This is great! (Part 2)
In my last post, I mentioned that Toledo has been making some big strides lately and has a become an investor hot spot for out of state investors. The city is ranked the #1 mid-sized city in the USA for new business s...
Cathy Kirkwood
About Joint venture investment
I met another investor who is from a different state at a national conference. We had dinner once and followed up by couple phone calls. He proposed to do a joint venture investment in a single family project in a...
Kim Leduff
Boyfriend has a much lower credit score
Hi BPersMy boyfriend and I are looking to refinance and since he has a lower credit score overall, we would save money and interest by using my better score. The difference overall would be about $3,000-$6,000 in clos...
Account Closed
Real Estate Investing
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Travon Billups
What happens if I can’t find a buyer in 30 days?
I just started out in wholesaling and I want to begin looking for distressed property now but I’m afraid of not being able to find a buyer in 30 days. Could someone share their best and worst experience with not findi...
Megan Cooper
1031-BRRRR-Marital and job Status Change
Hi BP,
I need help to make sure I don’t make a costly mistake and my sure that my first deal goes smoothly. Here’s the scenario: when I was single I purchased purchased a house and in CA. I have since gotten marrie...