Joe Duhamel
Hiring contractors when flipping
hello everyone,I'm a relatively new real estate investor out of Rhode Island who does mostly flip deals. I've been working on bettering my process ensuring I'm covered from a liability standpoint .I'm being told I sho...
Marcell Z.
Seller Financing for a Low Appraisal
Is it possible to use seller financing as a 2nd mortgage to make up for an appraisal coming in below a buyers offer price?
Example:
$250,000 offer received from a buyer
Appraisal comes in at $200,000
Buyer cannot get...
Donnell Durden
King Pin to Real estate investor ? doable?
Hey BP,I've been reading and taking as much away from BP as I can. One thing i learned on the podcast is to NEVER SHUT UP about your goals and try to provide value everywhere you go. So in my town I've been "putting e...
Shari Peterson
Are you losing short sales because lenders are choosing foreclosures over short sales?
I read this post on Short Sale Daily News (http://shortsaledailynews.com/banks-make-more-money-on-foreclosures-than-short-sales/) that banks are choosing foreclosures because they make more money by making a claim on ...
Richard Z.
Passive income for passive partners of flipping project
Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
Scott Nichols
Note investing mentoring
Interested in hearing from others actively in the note investing business if a paid mentorship costing around 20K sounds reasonable, too much or something I should avoid.
Kim Clifton
Could I go to jail for this.
Hey there BP. I'm talking with REO specialist (realtor) whom I have not met in person. Told him what I was looking for & he emailed 2 properties for me to look at. He also sent me the lockbox code to let myself...
Renee R.
Rent increase on bad tenants
Since I only have two years of REI under my belt, this is more of a check in to see if I’m going down the right path here and if there’s anything else I could be doing.I have trouble tenants that I inherited and their...
John Thedford
Student Paid $5400 For "Wholesaling" Class...Is Violating The Law
So found a place for sale on CL. Actually a good area and price caught my eye. So I sent the seller an email on it. After a little info back and forth it became apparent they do not own the property. They are also NOT...
DG H.
Old Texas Landlord law?
A few years ago if a tenant owed you rent or damaged your property you could enter the premises and “hold” certain items. It’s an old law I believe but was still could be used. It’s so old you couldn’t take their goat...