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We walked away from a potential acquisition after our option period and therefore lost our Earnest Money Deposit. How do I record this loss/clear this in Quickbooks. Right now I have $1000 sitting in my Earnest Money...
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Hi All, I need a capable, reputable and experienced commercial finance expert's assistance. I have about 20% cash in hand on a residential commercial property at 975k with 10 units, which is occupied in Northern NJ. ...
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Hey BP!I've been lucky to find another great rental for my buy and hold strategy under contract right now. Using a little basic math and intuition, I know that after this deal I'll be stuck on the side lines for a wh...
I have 12 rental units, and a portfolio valued at about 900k. How do I use my existing properties to convince a bank to let me use that as collateral to buy a bunch more?
Not especially interested in going through...
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I purchased 3 multi family buildings in the in the last 12 months. Im looking for a recommendation for someone in Kansas City Mo area to do a few cost segregation studies.My other question is does the person need to...
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I've heard about a LOC a few different times that gives you 5x your liquid cash and/or assets.For example if someone had $100k in their savings account they would have $500k purchase power.Does anyone know anything ab...
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Hello All,I just got off the phone with a private money lender for a potential flip. He offered me 90/100. 90 percent acquisition of the property and 100 percent rehab up to 70 percent of the ARV. The property cost 12...
I have wanted to invest in rental properties for many years and finally bought my first property last week. I have posted advertisements on multiple websites (Facebook, Zillow, apartments.com, etc). It’s been 5 days n...
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Hello, I am wondering if any real estate attorneys can please shed light on whether my current job status would qualify me as a "real estate professional".
Specifically, my full-time job in which I work more than 750...
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I am looking into purchasing my first investment property. I would like to land something in the Miami Beach area and rent it as a vacation home. Is anyone in this market? Can you share your experience? Tips?