Stephen Brieloff
Factoring in cost of advertising for rental properties
Hi everyone!I'm located in Chicago and am looking at investing in a multi-family this year. In my market, and I assume many others, if you want to list a place for rent through a realtor on the MLS, it costs 1 month's...
John E Ceisel
Bankruptcy Delay Opportunity
Hello BP!I am following a foreclosure where the auction was delayed due to bankruptcy filings. Because I do not have the cash available to buy at auction, I'm hoping this is an opportunity to contact the current owne...
Rick Allen
Mortgage Note Business Vendor List
Vendor List Inventorywww.paperstac.com Trading platform with plenty of tech and inventory.www.fciexchange.com – the “original” trading platform, linked to their servicing arm so it usually has inventory.www.notesdirec...
Grant Carrington
Rehab amount larger than purchase price
Wanting to know if anyone knows of any hard money lenders that will fund a deal in which the rehab will cost more than the purchase price. Let's say purchase price is 50k and rehab is 60k. Having a hard time finding...
Andres Perez
Duties of a landlord In Philadelphia?
Hi, I've been looking around online for the proper steps to becoming a landlord in Philadelphia. But no one has laid them out in steps. I'm focused towards the legal side of things regarding setting up a EIN and getti...
Marvin T.
Finding owners
So I am finding some houses I am interested in taking a further look at. The problem I have been encountering is finding the owner of the property. Few of the websites I have came across to track the owner down you h...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike
Account Closed
How do you factor holding costs wholesaling deals
Im looking to use this formula to calculate my offers on deals to cash buyers who fix and flip. It was suggested that I calculate fixed costs at 15% of the ARV, and the end buyers profit at 30% of the ARV. Is this rea...
Brandon Allenczy
Should I Refinance or HELOC?
Hey BP community!
Looking for some advice on a unit I have in Wilmington, North Carolina. It's a SFH that cash flows somewhere around $75-$100 per month. It wasn't purchased to be a rental but we turned it into one. ...
Doug Kirk
Liens on a property and determining position
I have seen a few auctions on properties that have seemed to be something worth looking into but I am still learning how to locate all liens on a property or the position of those liens. What do people use to do so,...