John Williams
Talking to a lender
I recently talked to a lender about getting a mortgage for a foreclosure. I told him that I wanted to purchase the property, do some moderate rehabbing, and then resell the property.
He seemed confused that I wanted ...
Kris Zabish
Can a S Corp use real estate to help with taxes?
Hey BP! I work for my brother who owns a rental company for heavy equipment in Sacramento. We are getting killed with taxes and fees for the equipment we own. Is there a way to use real estate for some tax relief? If ...
Robert Borer
Estoppel - WHO gives to tennant?
Need a simple answer from my experienced multi-family investors. I'm about to do my first multi-unit deal and I need to verify the info current owner/seller is telling me. I know this is done with an estoppel agreem...
Alex Moazeni
I'm already maxed out what do I do?
Hi.I've told from my lender that I already maxed out and won't be able to buy more property unless report more income for 2020.Question; is there any other way besides of reporting more income,to get approved for anot...
Michael Puckett
Negotiating Seller Financing
I am negotiating seller financing with the seller on a duplex. I know that the seller is all about the interest and wants to retire - he wants to passively collect checks without any management. He has paid the duplex...
Dante Barnes
How to avoid paying taxes on received capital
Hello everyone, I have a question. I am about to receive $100k from a family member for the sole purpose of real estate investing. With the money I plan on putting down money on a multi unit. my question is how do I a...
Audrey Thomson
Looking for advice on how to charge late fees.
This is my first rental property (townhome - 3 units) and I am drafting rental agreements. For those of you with experience, what would be your recommendation on structuring late fees? Should I do one flat fee? Or ch...
Brian Bonetta
Why 1% of monthly gross rents Rule purchase price?
Im interested in knowing why the purchase price needs to be 1% of gross months rent to make sense. Can someone explain this?
Account Closed
Tried using listing agent as buyers agent - caution!
After buying my first rental property earlier this year and seeing how little work my agent had to do to receive her 3% commission (I'm sure that's not always the case but in this instance it was) I felt like the next...
Kevin Green
The Power of Joint Ventures
How Real Estate Investors Can Leverage Private Lenders for Profitable Partnerships
Joint ventures (JVs) are a powerful tool in real estate investing, yet many investors shy away from them due to misunderstandings o...