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Bought Flips, Paid For Flips 2019
Hi Tax pros and experienced tax filers! In 2019 I bought a flip house, and spent all of 2019 and now 2020 working on it and 4 other properties I bought in 2017 and 2018. So 2019 has big a gigantic loss. I’m a contr...
Timothy Allen
Pre-paid insurance for portfolio loan
Is it typical to have to pre-paid a full year of insurance on a portfolio loan? I was told my closing cost would be 5% but after receiving the itemized list of everything included it’s more like 15%.
Tyler Aaron
Loan on a paid for rental
I have 1 rental property that’s paid for, would like to borrow money on that house to buy a second, anyone have a recommendation or advice on what loan to use and what the process looks like?
Yan Garcia
Ways that a PML Gets Paid
I'm a bit confused on how a PML gets paid. I understand they get paid by interest payments but it seems to be a slow return. A $20k loan, 30 months, 9% is coming at ~$2400 in interest. That won't be appealing to my mo...
Jack Seiden
End of the seller paid commission
For those unaware just this morning NAR agreed to settle its antitrust suit, beginning in July sellers will no longer pay buyers agents. The implications of this are extraordinary far reaching imo, however I want to f...
Nicholas Daniels
Retirement with 3 houses paid off
Hey guys, sorta new to BiggerPockets. Was wondering: Let’s say I can live on ~$17,000-$20,000/yr Let’s say I purchase a $100,000 property and I knock out the mortgage in two years. Let’s say this property nets me $650...
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Best flipper software…paid or free
What’s your opinion on the best flipper software? Paid is fine, but maybe you find a free option to be better or just as good? (Such as Redfin, Zillow..) I’m looking for all around analysis, all deals including distr...
David Franza
RE Taxes Paid by 3rd Party
A client of ours had delinquent taxes and the property was scheduled for a Tax Deed Sale. Looking up the taxes due we found that the taxes were paid by a third party, not the owner. The property does not have a mort...
Brian Jobson
When are Hard Money Fees Paid?
So I emailed about 7 lenders yesterday and got replies back from all of them. After reading 2 of the emails I began wondering about these fees and when they are due. This is an excerpt of 1 of the emails I receive...
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[[ WHOLESALING ]] How do you get paid?
does the agreement say what the wholesaler will make? Do you put how much youll get paid in the contract with the cash buyee or what?