Thurman Schweitzer
2nd FHA Appraisal? What Should I do?
Ok so my 2nd flip has had issues in the sales process. I wrapped up the construction late and ended up able to got with FHA buyers.... So the FHA guy appraised it 7k lower than the agreed on price. Now 2 days befor...
Sequoiah Briseño
1099s for work done on properties
Hi, I sold a small multifamily in California. Before listing it, I had lots of expenses, including painting, floor refinishing, plumbing repairs, staging, cleaning, etc.In a 1031 exchange, I purchased two small multi...
Adrian M
Hard-copies vs. Soft-copies
When I started my Real Estate Investing Career, I held onto the hard-copy of every document! After several years, I came to the conclusion that I should not need a hard-copy of every document. So, many of them, ...
Tim C.
HELOC or Conventional Financing?
Hi BP,I am looking to get my feet with an SF investment property this year and have a few questions about getting financing from the bank. Question 1. I own my primary residence free and clear and it is worth $75,000....
Steven Torrez
How do you document your flip and rental cash flow?
Hello BP,For those of you that have deals under your belt, how do you document it?Do you have a folder with before and after pictures with a copy of all the contracts? Or do you just have a simple excel sheet with the...
Harshit Tewari
Considering purchasing an already tenanted section 8 property in Detroit
I am a first time investor. Want to purchase a tenanted Section 8 property. I understand that the majority of the risk in Section 8 is from tenants damaging the property, therefore depreciating the asset over time and...
Elizabeth Hernandez
Mobile home Buyer doesn't want it after all, wants money back
Hello everyone, my mom 67 yrs old sold her mobile home AS IS contract (buyer was aware) all documents where fill out, Bill of Sale, Certificate of Title, Registration Card, The buyer just needs to pay the Tax and send...
Brian Willie
Can You Sell On A Wrap With A Property You Own Subject To?
Is it legal to sell a house on a wrap that you own subject to in Texas? I know there are quite a few restrictions in TX in general and wondering if anyone can weigh in on this. Thanks!
Sarah M.
I bought a house! Now how do I get the money out to BURRRR it?
Hello! Thanks to you guys I just purchased a rental property in Minnesota! It's a SFR bought for 60k cash. It appraised for 90k. My questions are: 1 - What are my options to get the money out to do the BURRRR method?...
Pat Jackson
Maximizing opportunity zone benefits
I'm about to buy a mixed use (commercial and residential) in an an Opportunity Zone in Missouri. One partner is selling off another piece of real estate, obtaining some notable gains, and 1031ing into this property. ...