David Dey
How would you buy this? Best creative purchase scenario wins pt2!
Welcome to the 2nd annual Hunger Games!! (Meaning that we all are hungry for success... There will be no killing here)Due to the success of the first game and multiple requests for a round 2, well... Here we go!!Again...
Keegan Darby
Investments with no cash flow
Hello BP -
Turned down the purchase of a home today with the following details:
$220k purchase price $270k ARV (built in 2008, just needed to be cleaned)
Needs ~$20k in light work (paint, faucets, yard cleaned) ...
Shane H.
1031 Expert -- 1031 exchange using a related entity - plz help
Hello I presently have a duplex under contract and am hoping it will close sometime in December. I'm planning to 1031 the sale into another property.My ideal situation is to 1031 this duplex into a new construction ...
Melissa Williams
Advised to Start LLC not TX Series LLC
I was recently advised by an attorney to open up a traditional LLC to not complicate overhead, accounting, bookkeeping when starting out. While a LLC could be sufficient, I did not want to have to transfer properties ...
Nick Polentini
Wholesaling In Illinois
I wanted to get some clarity on the legality of wholesaling in Illinois. Does obtaining a real estate agent license enough to legally wholesale, or do I need to obtain a brokers license? I plan on getting licensed and...
Antonio Boone
Should I take a house that was offered for free?
Hello BP, I have a coworker who wants to give me one of his houses for free. I have only taken a look at the house on google maps and from those images it looks like the house is going to take a lot of work. So I am n...
Craig Masters
Do I sell or do I hold now? Great cash flow VS quick profit?
Hey all! Long time reader, hope to start contributing to the community soon. Hoping to get some feedback on my situation, not sure what to do...All these numbers are conservative, I appreciate and understand the 50% e...
Lyle Cooper
Real estate professional qualification
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
Tim Rostro
Diving into Commercial Real Estate
Hello BP Community,
I have been a residential investor for the last 10 years with a small portfolio of 5 properties, in TX and OH, a mix of SFH and duplexes. I've decided to take the next big step and scale up even ...
Toro Tran
Unique Tenant Situation
Hi all!I have a unique tenant situation, to say the lease (pun intended). The property is located in the tenant-friendly state of Massachusetts, in the city of Boston.I have a lease agreement with a tenant that ends i...