Account Closed
Private Money Structuring
I am looking into purchasing an REO, rehabbing it, and holding on to it as rental for a year or two and then selling. I plan on using private money for the deal, in this case a good friend of mine's self directed roth...
Tom Conant
Why are there so many scams everywhere?
Hello everyone,
Let me explain my frustration. I have been avoiding a full time W2 9-5 desk job in order to focus on strengthening my RE knowledge. Now that I have my finance degree, and tons of carpentry and labor o...
Travis Carpenter
Working with other wholesalers Splitting deals
In the event of another wholesaler bringing a property to me in search of a buyer, what is common practice after the first deal is done.
Basically what agreements do you other wholesalers make when for future deals...
Alex Martens
Seeking advice on brother living in our multi-family property
Hi BP community,I hope this post finds everyone well. I'm looking for some opinions on me and my brother's situation. I am looking to buy my second property (ideally a multifamily), and coincidentally my brother is lo...
Brian Orr
How to protect my former primary as a rental?
I "house hacked" my primary home without really knowing what that was. We currently have a renter in there but the house is still in my personal name. I have separate LLC's for my rental properties and for some reason...
Nikki Closser
LLC in both mine & my husband’s names? Or just one?
Is there a strategy or good reason to only put our LLC in one of our names versus both of our names? I already have my own business unrelated to photography, so I already have an LLC without my husband as part of it. ...
AL-Teef Jones
Is "sellers concession" worth it?
Hello BP Members,I am currently in a particular folk in the road towards my first property.I have one property that a REI is offering me, its a 3-family in Newark, NJ he's currently rehabbing the place now. House is i...
Scott K.
How does an assumable mortgage work? Seems like a great idea now!
With rates 6.5%-7%, especially for investment properties right now, I just read about assumable mortgages where you simply take over the mortgage of the seller when you buy the property. How does this work? Can anyone...
Mike Abramowitz
Section 8 tenants & evictions
So I purchased a few units back in Portland, CT in January and currently in the process stabilizing the property. It has come to the point where all the tenants are on month to month leases, in the beginning of March ...
Corey W.
Lender requiring Comfort Letter
I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...