William Coet
Deed Restriciton to Prevent Competition
Hello,When selling a piece of land can a deed restriciton be used to prevent the buyer from developing a certain type of asset on the land (commercial, multifamily, etc)? Can the deed restriction be lifted by future o...
Justin Thorpe
Defeated in round 1 of Covid-19
June is over and it seems to me that in the battle royals between the United States and Covid-19, the latter has prevailed in this first round. To me this phase and especially the last 3 weeks were critical. Coming o...
Tim Siocheng
New planned tax laws
Now that we will be having a new president soon, i came across an article from marketwatch about the new real estate taxes.
https://www.marketwatch.com/story/10-biden-tax-proposals-that-will-sail-through-a-democrat...
Benjamin Sulka
FHA Loan vs. Conventional Loan
Hope everyone is living their dream.Regarding financing for a multifamily home, I would love to hear some recommendations from anyone. Would it make more sense to get an FHA loan at 3.5% down but have to pay PMI or to...
Brittany Wilkerson
TAX CERTIFICATE STRUCTURE BEING DEMOLISHED. HOW TO HANDLE?
Hi, everyone. Just looking for some advice. I purchased a tax certificate for a property that sold to the state of Alabama in 2019. Yesterday I received a notice from the county saying the property is a nuisance and w...
JJ Mayer
Lending to the Individual vs the LLC/Inc.
Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...
Daniel Sherman
First Time Flippers in South Tampa
Good evening BP community,We are under contract on a home in South Tampa and are trying to leap over every hurtle that comes our way. Since this is our first real investment and there are so many things to learn, we’...
Wei Xie
Can I offset capital gain with rental operating loss?
Dear fellow BPers,
I am wondering if I can use accumulated rental operating loss to offset capital gains:
1. Gains from sales of rental properties, either related to the operating loss or not.
2. Gains from sales ...
Lucas Bennett
My mom says I'm like a young Donald Trump (in appearance only)
Hello BP Community,
My name is Lucas Bennett, I am 28 years old, and I would like to connect with all of you.
I have been reading the forum posts pretty religiously for the last 6 months or so, and I fi...
Roger Hefner
Talk of Trump Privatization of Fanie May. Good or bad 4 investors
How would financing change if Fannie Mae went private? Would we lose the 30 yr. Mortgage? Would we be able obtain more loans? Just curious.