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...
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...
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...
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 :)
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...
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...
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...
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...
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...
I have another question for the group. I want to know how the boot will be calculated for buying a replacement property that is less than the sold property. For instance, I bought a property 10 years ago for $155,00...