Account Closed
Usury
Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($...
Rob Barry
Your top lesson from holding large multis?
If you could go back in time and tell a younger you one or two lessons about what to do with that first large multi, what would they be?
So much of the advice out there focuses on finding and closing deals. But what ...
Shawn Parsh
How do you decide to STR or LTR a Property?
I have been investing in real estate for over 20 years, but have no experience in short term rentals like Airbnb. I was hoping some of you could give me some things to consider as I try to decide to LTR or STR. I live...
Joshua Levasseur
Entrepreneurship & insominia
Running a buisness is most definitely one of the most challenging journeys of my life so far. Along with the responsibility comes.. the stress! Maybe it is just me, but i find myself having trouble turning my brain of...
Keeya WangJones
Advice on Hold and Buy Gentrification Property
What are people thoughts about buy and hold during controversial neighborhoods regarding gentrification? In San Diego, I see and research some areas that agents are marketing as up and coming, gentrification, get it n...
Ira Jeter
15k in arrears, go or no?
3 bed 2 bath 1200 sqft single family Principal Loan: 94k + 15k arrears/taxed&fees = 109kARV: 120k My question is would this be worth a 15k down payment to stop the foreclosure, and use owner financing to po...
Matt Camilliere
Penalty Free COVID Roth IRA Withdrawal? Need Private Money
Hi BP Community,Firstly - has anyone had any experience taking money out of their Roth IRA during COVID-19? I heard there's a 100k withdrawal allowance with no penalty and a 3 year grace period to replenish withdrawn ...
Mike Miller
Intent To Rent: Capital gains vs Income Tax?
Hi All,I’ve been tossing over in my mind my current situation. I buy SFRs and use the rent-to-own model with them. My model is a little different in the sense that I treat the house more like a rental. Here’s a few ex...
Kevin Izquierdo
Not so Friendly Advice
Why is it that every person I speak to that is in the REI industry is very supportive and tells me now is a great time to invest, while everyone I know personally and isnt in the industry tells me now is a bad time an...
Steven Gesis
Cleveland, Ohio -Area Discussion and Answer Forum
So, I am seeking the help of the BP community to define all the best things they know about or have heard about Cleveland, Ohio - Thank you for your contributions!I am eager to begin this string with the following (3)...