I've recently purchased a 1950 three bedroom, one bathroom 972 sq ft single family home. We paid $67,500 plus $1,600 in closing costs for the place. Experience from our first rental, rent will range from $1,100 to $1,...
Hi all! I'm enjoying all the great information on BP! I was hoping that some of you can help me out with a question. My partner and I are interested in doing some sandwich lease options. We are trying to get all th...
Has anyone here had recent success flipping residential properties to another investor WITHOUT running into sesoning issues for the investor buyer's lender?
Can you specifically explain how you avoided/circumvented th...
I have been working with a property management company in St. Louis to get the SFR we just bought rent ready. The process hasn't been perfect, but overall, they've done a good and relatively fast job of getting it rea...
Hello. I'm new here. I've lurked minimally, but have read some of the material produced by BP beginners. To make a long story short, I am the Treasurer of an owner managed HOA. I took the position in April of this yea...
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Extraordinary architecture isn't dependent on expensive materials, complex details, or fancy decoration. Thoughtful design can transform ordinary materials, typical details, and minimal/no decoration into something mo...
I have a seller that I've been back in forth with about listing their property for about a week or two now. She owns a retail/warehouse building and is adamant about listing it as a warehouse and NOT retail.
Why is t...
Hello,I'm new to the investor world and I want to get started on the right foot. I've lived in my 2BR/1.5B town home near the beach for 5 years. I owe 135K and my mortgage is 1100.00 per month. Through some research I...