Ben Sears
My Very First Tenant Payment Issue!
I've encountered my first payment issue with a tenant. For what it's worth, I'm not here to ask for advice but to simply share my experience in hopes that it helps someone else. I purchased a SFH in September of last ...
Craig Montesano
Owner financing-how do I bring it up to seller
Hi BP
I just made a cold call on a turnkey duplex in my market. Owner loves the property. Said its been a great money maker over the 17 years she's had it. But sounds like she would be willing to sell at the right n...
Account Closed
negotiating with lien holders after sale - purchase @ sheriff auction
Just left the Sheriff's Auction here in Omaha this morning. One of the properties I was going to bid on has a $17,000.00 federal tax lien on it, $63,000 mortgage which is in default, $6,000 in back taxes. This auction...
Account Closed
Hardwood/Engineered flooring over concrete
I'm still undecided about bamboo engineered floors or unfinished oak for an install I have coming up. Is one better than the other when installing over concrete?
What's customary for install over concrete? Is it a...
Rick Jones
Prospective Deal, Please Comment
Hi Everyone,I have a potential deal on my hands. I am trying to be detail oriented in my due diligence so that I can make a informed decision. I currently own a 3 and 4 family house but would like to make a transiti...
Ben Gonzalez
Dealer Status and Installment Sales
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Tristan Colborg
First Property and Property Management Fees
Hey BP community! I just closed on my first property and I am in the process of getting things set up for property management. I met with a couple of different companies, and feel like I know who I am going to go with...
Brent Zande
HOUSING PRICES WILL SLIDE!
https://apple.news/Aek6dXXKpQ8a1WPan_PB9PgI keep feeling there will be greater movement in housing pricing than previously thought. Blackstone has made the move to return to the SFR arena with its 300 million investm...
Richard Galdieri
Paid Mentorship or Go It Alone?
Hello BPeeps. There is a company in my area that's run by a couple of guys who offer a year long "paid mentorship" on house flipping. I'm a realtor and have done the equivalent of a flip but on 2 different houses a...
Georgee Gilbert
What's the lowest credit score you should except for a rental?
Is a minimum 650 credit score too much to ask for a rental? The property is renting for $1050 in a working class neighborhood.