Jeremy Margaritondo
Comparing Renting vs House Hacking By The Numbers
Yesterday I posted about how my wife and I are moving from San Francisco to Chicago and looking to do a house hack. @Brie Schmidt gave me some pretty good advice around tradeoffs between price, location, cash flow, et...
Aaron Anderson
Are you considering getting your Realtors License?
Hey BP, I'm an agent in the Nashville, Franklin, Spring Hill, and Southern TN market. I've had 10-15 people contact me on here asking if getting a Realtors License is worth it. This has inspired me to write a short ...
Patrick Britton
Why into foreclosure if owner paid cash?
Hi folks, I just want to make sure I'm understanding this particular situation correctly:so here's the scoop. I found a property in foreclosure, non owner occupied, the owner paid CASH for it back in 2007, $1.1 millio...
Joshua Anson
Selling my personal residence to my LLC.
We are getting ready to move from our home we have been there 7 years and are looking to use it as a rental. My question is can we sell it to our LLC and use the profits to purchase our new home, or will it reduce our...
Dan Simpson
Dilemma... what to do?
So I bought a fixer house for $40k and got a loan from the bank for $51k for the purchase price and fix up costs. I have about 57k total in the house. One of the folks I had working on the house has a daughter who wan...
Oscar Quintana
Need some help for determining a MOA
Hope everyone is doing well!I’m looking into some deals currently and am struggling to get my MOA since I’ll be using a hard money lender. How do I factor the hard money lenders numbers into my whole MOA.Also does any...
Ronald H.
Has anyone here actually used a Transactional Funder successfully?
I did a search the other day here for Transactional Funders and I did not find "ONE" posting where someone used a "Transactional Funder." With fees at 1% to 2%, and a $395.00, one time processing fee, I thought tha...
Nova Mendoza
Buying Small Multi-Fam
What to do when you find a solid deal that meets your CoC return and cash flow but your property manager says that they won’t take that area. I sent the deal to my agent and he said it’s a solid deal in a C class area...
Ariel K.
How to Read a Syndication K-1
This is my first time investing in a syndication and I received a K-1. Box 19A had 'distributions' and there was a capital loss as well in box 1. My understanding is that I shouldn't pay any taxes on the distributio...
David Green
Chicago Condo Association (HOA) - rental regulations
Does anyone know if a condo association (6 unit building) can pass rental restrictions that prevent you from renting? I think my association is trying to pass a rule so I can no longer rent out my unit (I am currently...