Mark Simpson
Handling of 'option'/equity payments in MHP Sale
Hi All. Long time investor but I am currently under contract to purchase my first MHP in Colorado. Half the units are park owned, and all are on Rent to own leases. All leases had the renter put up a $600 option, a...
Alan Taylor
Strategies for pulling out equity in Northern Virginia?
Current position: We bought a house in Manassas, Virginia in 2019 for $290k (single family split-level 3/2 [can be 4/3 once the basement is finished] on 1 acre) -- we bought it as a project house, with a plan to live ...
Eric Petersen
How much equity before the 2nd will bid?
I have tried to search so if I missed this somewhere, sorry.In the experience of the group, how much equity does it take for a second to bid at a foreclosure sale? I typically will only bid on firsts, but a few of th...
Daniel Dietz
UDFI Difference in Loan vs Partnership?
Hello All, I have been using SDIRA and SOLO401Ks for some time and understand when *I* have to pay taxes related to borrowing money. Where I have a questions now is that I have a potential 'investor' who might be inte...
Jacob Wohlgemuth
How to Avoid Capital Gains
Hello,My partner is planning on selling her condo, however, I am in the midst of purchasing my first property and we plan on living together. So, where can she move her money after selling in order to avoid capital ga...
Farakh Zaman
Securely sending documents
Hi all,Wanted to see what everyone uses to send sensitive information. Email is obviously the easiest and least secure way. If you use drop box or something like that, it is a bit more secure...and then there are pa...
Megan Thomson
Potential Section 8 Tenant
I just listed our first house for rent and I had a potential tenant contact me to ask if we take section 8 housing. My first thought is no, however I don't want to discriminate against anyone. We live in Michigan - I'...
Katlynn Teague
Looking for your first flip?
Good morning BP, are you looking for your first flip? How do you know if a "deal" is actually a deal? What do you need to look for, what needs to be considered? 1) Purchase Price:
Acquiring the property at a favorabl...
Ross Stegall
Active / Passive Partnership Contract
Hi all,
I’m looking at investing with a partner and I had a few questions I was hoping the BP community could help me answer. So, here’s the details:
My partner will be the passive/ equity investor and will be contr...
Brian Orr
Calculating NOI question
Hey all, I'm curious to know how this gets represented, maybe you can help? Here's the example of a small 10 unit syndicated deal, which is currently self-managed...
Current OpEx water, sanitation, maintenance, taxes...