I spoke with a possible investor recently. After offering him 12% of the profit over a year term, he asked, “if you don’t finance to pay me back through a bank loan for whatever reason after that year, would you give ...
I have a house that I wasn't thinking I was gonna sell but got a really big offer. It is cashflowing after paying mortgage about $1750 per month. I lived in it for 10 and bought a new house. If I sell it before April ...
So a property went up for sale in a really hot area as a foreclosure. Someone recently bought it at a Sheriff’s sale, but paid way too much for it. They got in over their head and lost it. It’s two apartment comple...
I am 3.5 weeks from my 45th day. IWas going to put 1/2 my funds in a condo (all cash no debt) and 1/2 in a diversified DST portfolio (5 DST's) each about $100k. The DST's are convenient because the debt is non recours...
Hello BP Memphis,My tenants reported water coming form the foundation and a slow draining sink recently. Plumbers put a camera down the line and said that the cast iron drain has collapsed somewhere in the middle of ...
My name is Elizabeth, and I own 10 rental units in Dallas, TX (four duplexes and two condos). I accumulated these properties in my 20s between 2006 and 2012. My plan was to buy and hold them indefinitely for supplem...
What is the best way to delay or avoid paying depreciation recapture tax? It is my understanding that when you sell a property, you are required to pay back all of your accumulated depreciation at a rate of up to 25%....
I am putting together a well documented listing of all of damages caused by the renter along with photos. Which will far exceed the damage deposit.How long do I need to hold onto these records. How long does the ren...
The five year plan is 360K gross revenue a year - so before taxes, operating expenses, etc. So the question is: what would this business look like?Conservative estimate is that 10 rehab/flips a year, as well as a buy&...
If this is the wrong Category please correct it. I am asking for a friend who was buying a house with a loan from his mother. What happens when someones parent holds the mortgage on a property, has to go in a nursin...