John Curseaden
points vs. interest
Have seen or heard from a few lenders on RE websites who claim they don't charge any points on their loans, just interest. One in particular irked me. Here are the terms: 18% on the amount borrowed -- but it's c...
Victor Warnsley
How-to's in buying 1st beachfront property
Hi fellow BPs! I'm seeking advice from the astute masses on buying vacation properties. I've been a civilian employee within the armed forces for 5 years within the Midwest. Although a lovely area, I've been reluctant...
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
Furniture for Sale From Luxury LLC Corp. $1.
Sorry to tell all the cottage industry attorneys and gurus on BP that owning or vesting in a LLC no longer keeps your identity secret. It really never did. If you appl...
Melanie Johnston
How to Use a Mid-Term Strategy to Boost Your STR Income
If you own a short-term rental, there are likely to be seasons when bookings slow and you worry about generating enough income. The resort industry knows this cycle well. They have “high season,” when everyone wants t...
Stephan Haas
BAD APPRAISAL ON MULTI-FAMILY
Is it standered for an appraiser to not include a unit on the appraisal because the door was boarded over? What to do after the fact that I paid for an incomplete appraisal came back with replacement cost $120k....val...
Jarrett Harris
What to do about Taxes
I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...
Shane M.
Self Directed IRA for an Equity Partnership Flip
Hello BP Members - I have a self directed IRA (traditional) and plan to use it in a flip transaction with a friend of mine where the IRA would only be an equity partner. Is this a strategy I should use? Will the IRA b...
Jimmy Wen
Understanding Land vs. Property Values
Hi all,I have a newbie question for all of the experts here! The question is for my recent purchase of a duplex (residential).How do I separate the land value from the total value of the property I just bought? There ...
Allen Jones
Replacement Value question on cheap property
I've got a question about insurance for a low cost property. I'm looking at a $30K single family house, it's in a C- neighborhood. The replacement cost is $125k. In the event something happened and it was a total loss...
Luke Hafstad
$Millions in Land Trust
Hi, everyone!This is my first post on BP, so hopefully I'm doing this right.I've browsed the forums, listened to a ton of podcasts, and have done a lot of research, but I don't have a good answer for this one. I'm lo...