Semilore Lawal
House Flipping Financing options
Hey everyone,New investor here, I only have $20,000 available for a house flip project which cost $220,000 and the rehab cost $60,000 making it $280,000, all other additional costs including closing costs sum it up to...
Ed W.
Reserves for 200 Unit Chicago High Rise
I'm being asked to invest in a 50 year old, 200 unit Chicago high rise building. I'm very experienced with rentals in general and rental complexes with many units and have a good understanding of investment numbers i...
William Strong
Sarpy County NE Tax Lien Sale
The annual Sarpy County Nebraska Tax Lien Sale is coming up on Monday 6 March 2017. I live in Bellevue and plan on attending to just watch and learn the process in the hopes of participating next year, when I have som...
Pierce Lovesee
Equity on the books after the property sale, can I deduct this?
Hello,We sold some properties in Oklahoma in 2019 at a loss. The properties were held under a single member LLC. After the transactions were complete, since the properties were sold at a loss and a positive net oper...
Chris Dengel
Podcast 86. If you move, you don't have to get another loan.
In show 86, Corey mentioned that if you move out of your house, you don't have to get another loan. I was hoping someone could elaborate on this. Is this a loophole?
Alek Suarez
Invest now or wait? CMHC thinks prices could fall 9 to 18%
Hello BP Community,I'm currently looking at getting my second rental property in the GTA (Ontario). After keeping an eye on the market it seems that there are still many houses going over asking especially in the Hami...
Sandy Blanton
IRS Lien
Will an IRS Lien survive a Tax Deed Foreclosure Auction sale? I've read they "die" if not renewed after 10 years. Thanks in advance for sharing.
Bill Schrimpf
Mobie Home - Accellerated Depreciation
Will a mobile home, newly purchased from the factory put to use as a rental, that is not immediately converted to real property, qualify for the 2017 accelerated deprecation, since it's personal property ? If the ans...
John Lee
1031 exchange or pocket the gains?
Hello BP community:This is my first post so bear with me. I have done REI in Dallas for 5 years and I am currently selling a duplex netting over 100k having held the property for 3 years. In this current RE market (e...
Arash Malekzad
Section 121 exemption and owner financing
Hi everyone I have the opportunity to seller finance my house with a balloon payment due in 5 years. With high interest rates, it actually seems like a great opportunity. I’ve been living in this house for more than 2...