Julie Kern
Should I hold firm or negotiate this deal?
We put an offer in on a property yesterday and we're waiting for the seller to "run numbers" and get back to us (tomorrow morning). My plan was to hold firm at our offer price, but now I'm wondering if that's the bes...
Eric Bilderback
Your opinion to risky to refi now?
I am considering trying to refi a property. The reason for this would be to buy more real estate. However I think we may be at the top of the market and I am concerned that there could be no equity in it if there is...
Cameron Marmon
Should I sell my investment property or hold on to it?
Hey folks, I am hoping to get some thoughts on if I should I sell my investment property or hold on to it.I purchased the SFR in January of 2015 for $252.5K. In August 2017, it appraised for $316K. Due to the age, are...
Rich Weese
transactional lending
I'd love of explanation of what this is. I may be in position to investigate this opportunity and would appreciate some info from folks that have actually been involved in it. Can it be a win-win-win for everyone and ...
Ashan D
1/3 Of My Income To Taxes If I Don't Do Something!
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...
Jared McCool
The Offer - Understanding the Numbers
Hey all, Looking for some help. This is my first property, and i am having a hard time understanding the numbers. Reo for 218kI want to offer 170k, this is a 203k with estimated 50k in repairs. i am asking seller (ba...
Lawrence L.
House hacking my CPA says don't claim rental income
I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
Michael Faulk
Best Bets for Portfolio Loans
Greetings BP Community! Question
Background-
I have recently completed a thorough renovation on a buy/hold property that I acquired Nov12. I have been searching to complete a cash-out refi and take out ...
Perry Rosenbloom
Thoughts on Paying Market Value but Cash Flowing Well
Hi Everyone,
I'm under contract on a 4BR/2BA home. It's very clear that I'm under contract at market value price. 147,500. However, it will rent for $1,500/month and taxes are dirt cheap.
It is also entirely renovat...
Alfred Bell
Does anyone use a Checkbook IRA LLC?
I currently utilize a self-directed IRA. My IRA monies have been invested in a real estate project. I'm coming out of that investment soon and I now want to use those IRA monies for buying at trustee sales. This "Chec...