Tina Peters
Proper accounting methods?
Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments. Currently for tax purposes, I track all mortgage interest etc, however...
Victor Umeh
Things to lookout for in a Subject 2 Deal?
Hey BP Family,I am an investor in the Augusta, GA area with 1 property currently. I'm looking to purchase another property and have come across a Subject 2 opportunity to take over the remaining loan balance from a Wh...
Michael G.
Reverse Mortgage Experience
A probate property I want to wholesale has a Reverse Mortgage with Financial Freedom.
Googling complaints against Financial Freedom reveals some unsavory practices by that company.
I'm assuming when my buyer goes to...
Bobbie Dancy
paying myself first in the savings /equity financial spendin plan
I'm curious about my financial spending plan. When it comes to paying myself; could/should I use that money to pay the mortgage off and if ever needed, I can try any equity loan rather it sitting in an account. Plan i...
Jalon Wilson
203k loan for first investment?
Pros and cons of 203k loan? Would your recommend someone to use this for first investment?
Shion Queen
How to make a cash offer?
How do I prepare myself to make an offer on a house paying cash from a HML? I want to make sure I am pre-approved and have the proper paperwork ready if the seller is interested. What contracts do I need? What’s a qui...
Bryce Mieczkowski
Do you lose the house on subject to financing if the seller goes bankrupt?
Hello all this this my first post.
I am trying to learn more about creative financing. It seem that I have seen that there is a possibility that you could lose the house if you subject to the seller and they go ba...
Anibal Zapata
Properties and Cash flow HELP!!
Hello BP,
My parents and I need help. Well to start off I'm fairly new in the Real Estate world but I understand the potential in owning real estate is to develop Cash flow by renting it out for more than the full m...
Carlton Chestnut
Newbie Question - 50/50 Partnership Setup
My brother and I are looking to purchase a multifamily property together 50/50. We look to use a FHA loan (one of us will live in one on the units) and split all work, profits, expenses, and equity down the middle. We...
R Oliv
Tranferring property to some1 by adding to Deed
I have a condo in NJ which I bought for a brother 10 years ago, using his money. Now he wants it under his name. He wants me to add him to the deed and then do a refi on his own to pay off what's owed, and take me out...