Emily Phipps
Transferring deed AND mortgage balance?
I posted this on the RE Rookie fB page, as well as the BP FB page, but figured I might as well as here too 😬....We would be grateful for some advice on the following scenario 😊:My husband and I have lived in a house 🏡...
Jim Goebel
Bad Deal - Fire with no Insurance - options to get out from Under
What are my options to get out from under an asset that had a major fire, where we had no insurance?This asset (now a liability) is owned under a self directed ROTH IRA.I know there may be follow on negative consequen...
Kurt Granroth
Who benefits from a Preferred Return based on Unreturned Capital?
Most private placement deals I see have a LP/Sponsor waterfall that incorporates a Preferred Return, whereby the LP gets a stated rate of return before the Sponsor gets any money.
The Preferred Return can be based ei...
Tim Stover
Landlord Terminating Lease Before Move In
Hello BP,I'm asking this question on behalf of a family member. Family member + friends have signed a one year lease for a new construction home starting November 1. They received a notice yesterday that the house h...
Anthony Panganiban
Lease option trouble
So I’m a fairly new investor looking forward to doing my first deal and expedite more homes, but I talked to my lawyer today and now I need information from Experienced people who are knowledgeable in lease option/ren...
Sarah 'Sadika' J.
Location VS. Great Schools
Hello,I'm looking at investment properties in Gaithersburg, MD. I'm conflicted about two properties. One property is walking distance (15min.) to metro station and shopping center but has average schools (Elementary r...
Brice Hall
Land Contract Tax Consequences for Sellers and how to 1031 Exchg
Hoping a CPA or another person can provide some insight and definitive answers when it comes to land contracts, and tax consequences when selling real estate on land contract. Also, if an asset is held for under a yea...
Logan Merrick
Ethics of wholesaling
I'm needing some wisdom on a possible deal. I am a roofer by trade and was contacted by an insurance agent friend of mine who asked me to take a look at a roof for him that was currently needing to sell. I won't go ...
Brooks Gagnon
Take Profits or Keep Holding?
Hey everyone. Looking for some opinions. I have 2 duplexes and a 4 family. Owned them for 7-12 years, all cash flowing really well, and have 3-4x equity in each. I'm trying to decide if I should sell some/all/none. My...
Account Closed
Moral Question
I've tried to make this story as short as possible. I recently purchased new stainless steel appliances for my rental. I was going out of the country and needed them delivered before I left so that the PM could list...