Hello BP Community. I wanted to share a recent experience I encountered in a wholesale transaction that fell apart on me in closing. I want to share this experience so that maybe from hearing this it can help to educa...
Attention new investors: As I’ve immersed myself in the BiggerPockets forums, I’ve observed an extreme emphasis placed on asset protection by those entering the business but their approach and where they decide to all...
Hi everyone my is Carlos i am currently in Costa Mesa. I am planning on not resigning my lease and starting of my RE venture. I have done some research on ADUs and have come to conclusion that getting a house near a ...
I'm encountering a situation right now, which I will attempt to generalize in this post. Looking to discuss the pros and cons, to ensure I am not overlooking anything on the financing side and understand the risks/be...
Hi BP!I'm new to the world of REI and have some questions in regards to wholesaling with and without a RE license in the state of FL.So I've been reading A LOT on this topic and the more I read the more questions I ha...
Hello all. After many hours/weeks of research and communication with members on BP, I decided to go ahead and get my RE license for different reasons that will aid my personal goals in RE investing. I was considering ...
I purchased a SFH for my primary residence about 3 years ago via short sale. Purchase price was 133K, I put down 20% with a 2.99%APR on a 15 year loan. I owe around 90k on it currently and it's worth roughly 180k. We ...
Last January my husband and I started out as full time Realtors. Right off the bat we got 2 listings so he quit his day job and we hit the ground running. Since then we’ve had only a couple more closings from buyer tr...
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
If real estate agents ever discovered how wholesalers make their money, would they still bother becoming or remain agents? I know we are not suppose to let realtors get wind of how wholesalers buy and sell properties ...