Nate Mac
Flipping- Repairs in 2018 are cost basis for Sale in 2019?
Background: Created LLC partnership in 2018. Purchased a Home to renovate in 2018 and sold it in 2019. Purchase Price: $60,100 In August, 2018Renovations: $30,000Utilities: $ 2,000Property tax: ...
Nathan Birkedal
Multi-family House Hacking Loan Questions
Hi everyone, I am interested in purchasing a multi-family property. This multi-family will also be my primary residence. I have a friend who is also interested in investing with me. I will be the primary resident, whi...
Collin Emerson Miller
Buy a $368,854 condo for $40,784.25 on auction?
Hey BP community! I wanted to get some opinions on a property for sale on an auction:
Here are the property specs:
Zestimate: $368,854
2 beds 3 baths 10,60 sqft
Location: Duarte, CA
The amount of secured indebte...
Clint Looper
Turning around a Mobile Home park.
So I just got a mobile home park under contract. The agreement is well below the advertised sale price and puts the park at a 10 cap.
The park is only at a 30% occupancy rate and the owner isn't running it well and ...
Gulliver R.
Using Collection agencies to get back rent
Has anyone ever used a collection agency to get unpaid rent plus late fees paid back to you from your past tenants? How does it work?What does it cost usually?What collection agencies do you recommend?And do you recom...
Cody L.
Cody from Houston TX (Montrose/Midtown)
Hi guys and gals,
I'm Cody. New to the site, but like the idea of being able to try to help people that are interested in real estate. I try to tell everyone I can do get involved in real estate as I believe it's b...
Bill Gulley
How To Structure a Subject-To Transaction
Okay, when you do a subject-to transaction, do you have the seller secured in the transaction or do you leave them hanging out there?
How do you secure the seller who takes back no equity?
You give them...
Carlos Ptriawan
as unemployment would be 100% going up next year and higher chance of recession
it's expected 900% in certain way that unemployment would raise more than current 3-ish to 5-ish next year and higher chance of recession signaling Fed to post 75 bps rate reduction in 2024, question would be whether ...
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
Jay Hinrichs
The 2% rule kills values
As one who had never heard of the 2% rule or 1% or any of the other terminology that floats around BP,, I just became aware of the 2% rule. I was talking with a fellow from Oregon who was lamenting that there are no 2...