Martha Daisley
Process for making an offer on a multi?
Helloi am in the process of evaluating my first multi family deal. I have been speaking to potential lenders all of last week. Today i just finished looking at the property and id like to make an offer. The sellers su...
Richelle Bryan
Seller Won't Share P&L
Is there a scenario that exists in which it is reasonable for a seller to refuse to share their Profit and Loss statement covering the most recent 12 month period for the property under contract? I think it is a deal ...
Amby Bhagtani
Why do we think property prices always go up in the long term?
I have a very basic question (almost sounds silly), I keep hearing property prices always go higher in the long term (not referring to short term fluctuations). Apart from that's how its been historically can someone ...
Ivan Shao
Newcomer to BP
Hello everyone! My name is Ivan, a newcomer in BP & Newbie in REI. Last couple months read lots Rich Dad series books and Brandon Turner's books; learn the power of REI
Past one month i start taking action st...
Quincy Miranda
Wholesale Foreclosure with no equity
Hi Everyone! I am new to real estate investing and I have jumped into wholesaling. I sent out my first set of mailers a week ago and received my first call! The seller is very motivated and he wants to save his credit...
Damien C.
Investing in condos
I've heard a few people here mention their preferences for SFH's over condos as investments. And I believe some folks have justified this preference as a matter of control over their property--i.e., while the condo-ow...
Gagan P.
Depreciation Carryforward vs Standard Deduction
Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...
Shannon Cannon
How much to pay yourself from a flip?
Hello! We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax. It is my husband, myself, and a partner as members of the LLC. How much can we "pay ourselves" from the profit...
Aram V.
Portfolio Loan: Cash-Out Refinance?
Hello BP Peeps! I'm a newbie to real estate investing and would appreciate any knowledge you can share. I bought a single family and duplex in the past few months and would like to apply for a Portfolio Loan: Cash-Out...
Dave Halevi
Interest only deal
Hello everyone, thank you for all Your help here!I have a seller financing deal with the following terms:pp 100K, Down 20K, 5Y balloon, 5.99%, Amor 30Y.1. The seller wants an interest only payments for the next 5 year...