Alex Hogenson
Personal Expenses vs. Business Expenses Help
Hello BP, I am looking into purchasing my first duplex, which I will be owner occupying. I have a question about how to manage my banks accounts. I want to keep my personal income/expenses separate from my business in...
Joseph Ziolkowski
Wholesaler question for rehabbers
Hi all! This is a 2-part question. First, how many of you use wholesalers in your business? Secondly, how many of them help you find money to fund their deals to help you conserve your cash? Just a quick survey. It's ...
Dallin Watson
Getting a personal loan for LLC use (Tax and Legal Implications)
I had my tax guy open an LLC for me this spring, but don't know much about maintaining it. I currently own a duplex and I'm working on getting it out of my name and into the LLC's name. I am also in the middle of reno...
Account Closed
Appreciation vs. cash flow
Has anyone been successful buying a hip condo right downtown in an up and coming city at the price point of around $150-200k even though it is cash flow negative? Specifically, I am asking people who purchased for th...
Adam Craig
Need financing advice for friend looking to buy a cabin.
A friend of mine came to me for some loan advice and I wasn’t sure where to send him. He wants to buy a cabin in PA where he goes all the time for fishing. Asking price is 40K. The cabin has electricity and water but ...
Randy McDonald
First Home Rental Property
Investment Info:
Mobile home buy & hold investment.
Purchase price: $50,000
Cash invested: $50,000
Sale price: $50,000
Mobile home on owned property. Fixed it up and moved in to pay it off. P...
Minh Lai
Background Check in College Towns
Hello! I will be renting out a town house in a college town (Norman, OK). My question is should I charge a fee and use the money to do a background check? If they're a student I figure it wouldn't be needed. As for a ...
Mike Lynch
Help with understanding purchasing homes
Some of the Real Estate YouTube channels are telling everyone that if you have $300,000 and you owe $300,000 on your home, do not pay it off...... Use that money and put down $50,000 each and buy 6 more homes........ ...
Baird King
Short Term Rental Insurance - Owner Occupied Duplex - California
Insurance difficulties are everywhere these days, but it seems there is at least one (expensive) option in most instances. We are having a heck of a time finding ANY option for our situation. We live in one unit on ...
Saurin Pandya
Wholesale deal turned to be a mistake! (What would you do?)
We (My wife and I) bought an off market property for flip from a wholesaler with 5k down (non refundable if we back out).
4 days before closing, wholesaler called us to let us know that the seller doesn’t want to s...