George Sass
Pulling equity out of a rental
What are the possibilities when it comes to pulling equity out of a rental house? I would love the flexibility of a HELOC but no one will give it if it isn't a primary residence. I have 50k equity in a 75k house. What...
Pete Kay
Tax strategies for selling stocks and invest in property
Hi All,I’m selling stocks (selling around $500k , around 50% of it is long term gain) to invest in a property. I’m already in high tax bracket ($350k income) . I’m selling mostly long term capital gains but I need to ...
Maryann L.
Deal wasn't possible without BP members!
I JUST closed on the longest short sale we've ever had. It took just over 12 months with two different law firms trying to clear title but WAHOOOOO finally closed and resold an hour later for a nice little chunk of c...
Peter Doan
Rent property with previous owner passed away in house
Hi everybody,
I recently found a property listed below 15% of the market price. The house is listed for sales at 320K where as similar houses in the area are about 360k. The previous owner the house passed away peace...
Account Closed
What is this called?
Hey everyone, im new to these forums but i have been doing research on real estate investing for a while now.
I have a friend that what he does is he pretty much acts as a real estate investor but he does not have a ...
Dan C.
Non-occupied co borrow loan requirements
I’ve searched this topic but couldn’t find the answer I’m looking for. I have a friend in college who is looking to buy a home to live in while attending school but doesn’t have the down payment or income requirements...
Anthony Gayden
Little Old Lady Saves $9 Million then Dies
Every year or so we hear another story about a person who passed away and had secretly amassed quite a large sum of money. In this case a legal secretary who had a net worth of $9,000,000.
http://m.newser.com/story/...
Jake Kucheck
Has Anyone Started a B-Corp?
Specifically for the purpose of acquiring, improving, and renting out property in what we would consider Class C/D areas?
If so... would love to brain pick...
Ted Harris
Will Republicans Take Control of the House & Senate this November?
Article points to most likely scenario where Republicans win the House, Democrats keep the Senate .... should Republicans take both will this finally stimulate job creation as companies welcome a more pro-business env...
Tim J
How to determine building value for depreciation
I'm in a bit of a quandary at the moment. I purchased a property in pretty bad shape for about $1 million last year and spent about $500,000 on what ended up being a MAJOR rehab project. The city assessed the value ...