Keith W.
Should we be paying points before closing
I’m coming to the place I can trust for answers. I was either approached or maybe I reached out to a private money lender for their terms which are 90% acquisition, 6% interest and 2 points. As a first time investor, ...
Oxana Miller
My grandma has passed away and left me cash, how can deposit
My grandma passed away and left me around 100K in cash, what is the best way to deposit these funds without paying taxes? What are my options, please help! TIA
Derrick Venter
RON SHARRON - RDS EQUITY INTERNATIONAL
Has anyone heard of this guy or the company....I am about to enter a deal with them and I am not able to find any info anywhere, yet I am told that RS has been around since 2000 and was involved in a company called Ri...
John Baptiste
Closing Advice in Philadelphia
Greetings everyone,My partner and I have an offer that was accepted in Philly and put down a $1,500 deposit. Being that this is our first deal, which is being purchased from a wholesaler, we want to know if we need to...
Sheryl Griffin
Opening a business checking account
So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag. I never had this before in days past when I had busi...
Rachel Mellies
Would you think scam??
We have a friend who uses a wholesale/turnkey type company for his property investments. They sell you the property for about 10k more then they bought it, then they have construction teams to renovate for you, then t...
Dan Kelley
Deduction: May be superior to home-office deduction?
I learned of this deduction at a real estate training. It may be common knowledge to you all, but I mentioned it to my accountant and she had never heard of it. Let me know what you think!Rather than using the "home-o...
Amir Navabpour
Ever consider collecting all rent up front for a discount?
I know that when a new tenant offers to pay upfront its a red flag. However, for an existing (good) tenant anyone ever consider offering a plan where rent can be paid in advance in return for a discount? I am in soft...
Paul Samuels
Should I Invest in HUD Properties?
Hi BP Family!I came across a property on the MLS that shows that the property is owned by the U.S. Department of Housing and Development (HUD). Should that worry me? If so, what red flags should I be concerned about?T...
Tanisha E.
STR property manager qualifications
Morning! When searching for a property manager what are some of the green flags you look for during the interview process that signals this person(s) would be a great property manager. Alternately, what are red flags ...