Mark Murphy
Moving back to Australia
I am an Australian who has been living in the US on greencard for 18 years.I am curious what options there are to keep my rental property (8plex) here if I return to Australia.I know it is not a simple question, and t...
Keith Kaufman
Choosing the Right Business Entity for Buy & Hold
I have found several posts that address the pros and cons of an LLC versus a Land Trust regarding the type of protection they provide. That is not my concern because I believe that if a tenant is injured on my proper...
Nicholas Stevens
Condo-izing a 3 family
Hey guys - I bought a 3-family last October FHA, 3.5% down payment and was recently kicking around the idea of condo-izing the property and selling the best unit in the property that is completely renovated. I obvio...
Adam R.
Structure of MHP lease option
I’m considering an offer on a MHP. I’m leaning towards a lease option and looking for ideas on how to structure an offer. Owner is very concerned about tax implications and firm on price. Here is what I’m thinking:
W...
Reggie Rearden
Cash Closing Costs in Aiken, South Carolina
I have several units already and just purchased my first SFR as a cash deal. I was under the impression cash closings are a lot less expensive than traditional closings. The purchase price was $45K and I agreed to pay...
Paul McDaniel
Tips for starting in the Phoenix market right now
I know phoenix has been a great place for rental properties, with a heavy focus on property appreciation vs just straight cash flow. I'm exploring getting into this market now. I've been working with a great agent ...
Mike D.
$400k on Cape Cod. What would you do?
Looking to get into the Cape short term rental game. If you had $400k to spend on a house what town would you buy in? What are you looking for to maximize revenue to cover costs? I am thinking 3+ beds, less than half ...
Michael Healy
Gains reported on Form 8949? Or...no?
So I'm trying to get a cash out refi and the underwriter wants a IRS Form 8949 for every flip I did last year. Without it they won't count that income as... well... income.My tax guy says they don't know what they are...
Pat Francis
Question for seller about net cash flow of their property
Is it appropriate to ask the seller or listing agent (if the listing agent has any knowledge on the property logistics) about what the gross and net cash flow is for their commercial property? I am super beginner and ...
Sean Winchell
Questions about loans on new construction
Hi BP! I am looking to purchase a property that is a tear down and build a duplex or triplex on it. I wanted to live in one of the units. My question is if i purchase the property as seller finance and there is a pr...