Danny Mittler
Is it possible to cheat the system ?
Hey I got an idea I’m sure someone think about it before but not sure if is possible If I find a property for 200k I put a down payment 3.5% is $7,000 plus all closing cost let’s say $15,000 from my pocket Then I list...
Cody Wageman
Using HELOC for down payment
Hey everyone, We are working towards purchasing our first rental. We currently have a HELOC that’s we intend on using for the initial investment to get the ball rolling. My questions are, are there specific things ...
William Coet
Purchase Offer With Due Diligence Contingency
Hello,
I want to begin making offers on land and buildings and include a due diligence period.
When making offers on land or commercial property is it necessary to place a non-refundable deposit in order to include ...
Zachary Thompson
Tax implications of an angel investment into my LLC
I have a single member LLC (sole proprietor) and I'm wondering if I must pay taxes on an angel investment? I intend on withdrawing most if not all of the initial investment. Thanks!
Tom Kidd
Profit distribution and Operating Agreement Question
Hello all! I'm Tom Kidd and live in SW Ohio. I'm an attorney, more of a litigator than a transactional guy, but interested in becoming more of the latter as I get old and want to stop fighting with all those young tur...
Bobby Clifford
On frame modular financing
Hello! I am looking at putting a cash offer in on an on frame modular HUD property. I would be using my own HELOC for the purchase and would like to get a cash out mortgage on it after the initial holding period. Anyo...
Sean Sullivan
Need Advice on Closing SNAFU - Occupancy for 12 months required?!
Hi All, I completed a cash-out refinance of my primary residence 2-unit on Friday, but may have to cancel it due to some specific language. I have until tomorrow night at midnight to cancel - so I am seeking your help...
Dan M.
New to REI and looking to build a strong foundation!
Hello everyone, I have just joined BP and I'm amazed with the amount of knowledge and experience being shared amongst the members. I initially intended to start investing in real-estate in 2007 and again in 2008 while...
Blake Williams
A newbie investor's first deal!
Hey everyone, I meant to post this a while ago but I've been pretty busy lately. I am 25 and at the beginning of this year I decided I was going to move out of my parents house. I've also been thinking about getting ...
Ursula B.
Changing Offer After Contract Termination?
Hi everyone:I'm in a situation and looking for a little advice. I made an offer on a property sight unseen and the seller accepted. Problem is they took an extremely long time to produce the signed contract, and when...