Christine Krizenesky
Using Personal HELOC to buy a flip house
I recently used a personal HELOC to purchase a flip house then rehabbed and sold the house. I decided to use a 1031 exchange for the tax advantages and our accountant told us we can’t use any of the proceeds to pay ...
Drew Burgo
partnerships- one guy money other contractor!!!!
as of now i am a partner in a plumbing company with my father. after working for investors on the plumbing and light remodel end i want to venture into the house flipping end. So here is my question, keep and mind i l...
Johnathan Norman
Banks not wanting note investor accounts
Not sure anyone else has run into this but I wanted to share. The books I've read didn't mention this and its becoming a bit of a pain. It seems many banks simply do not want business accounts with LLCs holding notes....
Account Closed
Would really appreciate if you shared any insights and experience
I recently own approximately 1.5 acres of commercial real estate zoned R-3 moderate density multi family in Green Bay WI.I talked to a developer who estimates site fully developed could fit approximately 3 buildings o...
Stephanie Gledhill
Who is doing Heloc's on Investment Properties
I can't find anyone who will do a Heloc on my SFR investment property in Franklin, TN. Any one know who can do this?I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.I have a ...
Scott Froehlich
New Investor - DBA, LLC, or Incorporate???
I am looking to purchase my first investment porperty and I am wondering if I should setup a DBA, an LLC, or incorporate. I am an individual investor, but will also put my wife on the deeds. I plan to make her a 50% p...
Frank Eimiller
Why do YOU invest in real estate?
Aside from the "I want to be my own boss," or "I want financial freedom" etc, etc... Why do YOU invest in real estate? Is it because you want to be like Brandon Turner and leave life for a few days to attend a footbal...
Walter Martin
Newbie from Los Angeles, Ca
Good morning everyone out there who is operating in the Real Estate Industry!I’ve been browsing behind the scene of the Forums and the BP community. Already I love the new member process and could hardly wait to say ...
Geoffrey Greene
Should I use smartlocks in my STR
Are folks using these? If so how do you keep track of the codes and make sure it's ready for the next visitor? I've stayed at some STR's where the electronic door code didn't work and it was a real pain as we stood at...
Michael Plaks
Remember to send your 1099s by January 31!
The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2018: report them to the almighty IRS and make them pay taxes on the money they received from you. In...