Geoffrey Pierce
A day in the life of a note investor
Greetings, forum. I'm peeking over the fence to see what all the fuss is about. One aspect I'm reading about is how notes are hard work, entail lots of phone calls, and feels like an being an administrative assistant,...
Stephen McMullin
Trusted Mortgage Note Broker
Hello All- I'm a relative newbie to the real estate arena - and a freshly minted member of BP. That said, have a considerable amount of experience in asset-backed finance.Because of this background, I have gravitated...
Terry Portier
How much you paying for Design/Builder's insurance?
Builders Risk: For the construction phase. I got a quote of $1120/per home per year. If I sell before year end I get a refund on that home(s).
If I want to do designs:$5,000/yr depending on quantity.
Niki Cunningham
Ft. Worth Tri-plex is this a good deal & it there something fishy here?
I got a call today about a tri-plex in Ft. Worth. These are the numbers the "finder" is giving me:
Investor price: $105K
Repairs: $30,000
ARV: $165K
4/2 rents: $900/mo
two 2/1's rents: $600/mo each
What seems fishy t...
Ashley Jones
What’s the repercussions for no longer wanting to sell your condo
I can’t call any real estate attorneys since it’s the weekend & won’t know till Mon. I have a contingency offer where I need for my place to sell if I buy. I was under contract for a property to buy & no longe...
Ana M.
Flipping houses... expenses. capitalized or deductible?
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have LLC's for mostly flipping properties. I have only 3-4 rentals in my 3 L...
Allen Collier
Repairs that go against the deposit
My tenant’s dog tour a door, door frame, and the wood floor up trying to get out of a bedroom. They have moved out. I haven’t returned to deposit yet. What can I deduct? Materials and labor wise. Everything? Preying d...
Damon Poole
New member seeking guidance on “wholesaling” without a budget
Hello all, I’m fairly new and wanted to pick peoples brains on “house flipping” And “wholesaling” . I’ll be brutally honest, I currently don’t have a budget. I was initially told I wouldn’t need a budget but I found ...
AJ Wong
Total MFR listings on OR Coast is less than 50 - Opportunity or Restriction?
Well the secret is out on the Oregon Coast and in my five years in the market there has never been more demand for multi family property investments.
The challenge is that inventory is extremely limited and quality ...
Douglas Skipworth
Reminder to be careful when you self manage
Check out this crazy story into today's Commercial Appeal (the Memphis hometown newspaper).http://www.commercialappeal.com/news/local-news/crime/woman-accused-of-stealing-100000-from-boss_71932794If you do not use pro...