So I am working with an investor who is looking to owner finance a rental. This is my first time using this approach and have some questions. I want to ensure that I am understanding the deal correctly.Purchase Pric...
Theoretical deal:
3/2 in South Carolina
I purchase this property, rehab, and resale with contract for Deed. Buyer puts down 5k and sign contract for deed of 65k. Comps support value of 70k. Nice working class neigh...
I'm a Real Estate newb. I'm a successful business person, but this is my first stab at real estate. Ultimately I want to do this to allow my brother to quit his blue collar job and do this with me full time. But I ...
Here to help anyone starting out that's looking for some direction to landing a first deal. It can be done while working a full-time job, the right focus and passion will get you there. I'll keep it easy to read and s...
How do you determine the the tax rate for depreciation recapture? When you recapture the depreciation when you sell a property, is the recapture tax rate based on your ordinary tax rate at that given time? For example...
I'm an experienced investor looking at possibly putting in an offer on a 9-note package of MHs. I dont know much about this subsection of REI. Seeking a quick summary of how it works? Thanks in advance, guys!
Closed yesterday on flip, started demo this am, was notified at noon that sale was voided due to sellers POA illegally signed closing docs because seller passed last week with no will. Half house is demoed, some small...
Good evening all!I was attending a local REI club meeting here in New York City and an interesting topic came up regarding distressed mortgages. I wanted to see if anyone on BP has had experience with these types of ...
Okay BP, I'm calling on you guys for some real help here. I'm a serious novice when it comes to notes almost all of my investing is in multi families. Was contacted about buying the non performing note and I have litt...
I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...