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D Class Multifamily Investments
Good morning BP, I've been reading some of the various post in the forums about the horror stories of investing in D class Apartments. I'm curious to see if anyone would know of any successful investors, methods, or r...
Daniel Garcia
Contract for Deed in New Jersey
Has anyone tried using contract for deed (a.k.a. bond for deed or land contract) in New Jersey specifically? The key question is how courts will treat a default by the tenant/buyer. I know that in some states with e...
Emmett McNulty
Thinking about RE as a Business
While listening to a BP Podcast this morning and hearing about the interaction required by the investor as it related to funding and negotiating a deal, I got to thinking how much my Real Estate interactions have allo...
Johnny Forgione
Taxable Income for Loan Mod
Hi Everyone, Looking for some help on a tax issue.I have a borrower that wants to do a loan mod on a loan that matures September 1st, 2020. The borrower last made a payment in July 2018. This will actually be my first...
Daren H.
I Wish All Homeowners Let Me Down This Easy
I got this handwritten card from a homeowner who received my direct mail post card. They were so nice in telling me their home was not for sale, lol. I am use to people barking at me. This made me :)
Peter Halliday
Underwriting for sub performing
I understand how to underwrite a performing note. I also understand that underwriting a non-performing note is about checking the return against several possible exits. And you create an offer based on the likelihood...
Nancy Bachety
W9 or Tax ID # on Airbnb? Pros and cons - shoot
For tax purposes Airbnb wants to know if you are a US person or entity (W-9) or if you have a tax ID number (W-8ECI). Income is income regardless but what reasons/benefits would you choose one or other? Liability? I h...
Lou Lee
Harwood floor vs. carpet on h/w - Pros/cons
Hello all,My duplex has h/w floor under cheap and stained carpet. I'm thinking of refinishing the h/w floor and maybe not putting carpet anymore...or skip refinishing and put better quality carpet to lower expenses? S...
Chris Byers
Cash Out Refinance with Distributions
Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...
Winston Parks
125 SFH Portfolio Acquisition
BPers,I have read several posts here and intend on re-listening to a podcast or so that touched on this topic; HOWEVER, there are some lingering questions. My background is in commercial, so.....Why can I not treat th...