Tim M.
Offer made - then owner filed bankruptcy
I made an offer on a MF short sale in PA - was a solid offer, at least 85%+ of appraised value. 2 months later the bank finally reviewed it and verbally advised my agent that they would be accepting the offer. We have...
Account Closed
FL MORTGAGE BROKER: don't be foolish, use a Buyer's Agent
As a FL Mortgage Broker who has been in the business since the 90s, I've seen almost everything. I know for a fact that I'm a better negotiator than 95% of all realtors and investors, but when I buy property, I alway...
Amos Smith
Mobile Home PARK Depreciation IRS Schedule?
Hi,I recently bought a new mobile home park, my CPA tells me that the non-land portion (road, pipes, water plant, good will) should be depreciated over 28 year. My CPA has never done tax on MHP before.I did a search ...
Lance Austin
Note Investing, SD ROTH IRA and mentor/partner.
It's been a long time since my last post. In the last 2 years, I have had the opportunity to buy and hold an 8 unit and flipped 2 SFR (currently flipping the 2nd). Oh, what fun. I have also joined up with a partne...
Eric Reichelt
Break even cash flow, why or why not?
I've brought this topic up elsewhere, but would love to hear more input from seasoned but and hold investors. Let's assume only the givens to making money exist on these, meaning no appreciation or rental increase....
John White
Do You Require Tenants To Carry Renter's Insurance? Why?
Good Evening...I've seen a lot of leases where the property owner requires the tenant to show proof of Renter's Insurance. Is this something that you do? Why? I guess the real question is what impact does it have o...
Phu Le
What would you do if you only had $2,000 to spend?
Hi everyone,Long story short I lost most of my net worth in the stock market(please save your story about how stupid I was because I already know). I took about a year off of life to move back in with my parents and f...
Braxton Palmer
Home in Flood Plain - Deal breaker?
Hey guys! I am currently under contract to buy a home in Arizona. The home within close distance to a street that is designated as a flood plain AE which has a 1% of flood annually and is high- risk. Have any of you r...
Derrick StClair
Expert Investor Advice Needed - California Inherited Properties
Calling all experienced investors!!I'm hoping to leverage this platform of skilled and highly experienced real estate investors to get some insight (or at least ideas) of what I should do to increase my real estate ca...
Josselyne Lugo
Wholesale Owner finance.
Hi BP!I have a question for the more experienced wholesalers out here. I have a home under contract and my seller is open to owner financing. I have a cash offer on it but it is taking a bit longer for me to sell this...