SOOOO I think I kind of learned the business backwards, I started marketing, sending yellow letters, posting ads and bammm, I have sellers ready to sell, I have already lost 5 sellers because I didn't know how to fini...
I'm brand new to the investing world and am wanting to connect with investors who have made wholesale deals in the Tulsa and Oklahoma City area. I would love to hear your stories on how these deals played out and what...
Hi all,
I assume that every investor has a different idea of what constitutes a good deal. Maybe some want a very large profit margin? Maybe some only need a certain percentage? How do I know what an invest...
Does the 50% rule account for income tax? How is rental income taxed? If a houses produces $1000/month does a set percentage of that 1000 get taxed?
Hello everyone,I am confused on specifically what people mean when they say they are a landlord vs a property manager. I am trying to decide if I want to also do property management when I get a rental, but I don't un...
I see a lot of wholesalers selling on Craigslist their properties with projected arv and repair costs. I was curious if anyone has bought any of these deals and what their thoughts are. Profits do seem to be slim.
Hello BP!I'm a recent transplant to Chicago (downtown) and am looking to get back into real estate investing, specifically fix'n'flips, and am seeking advice from seasoned veterans on the ins and outs!Background: I'm ...
Basics: On a typical wholesale deal, for example someone gets their first deal done and makes a $10K assignment fee, (and doesn't do a 1031 exchange). Is there a basic tax rate that he will have to pay at tax time or ...
I'm looking to withdraw a small amount out of my HELOC to invest in a few crowdfunding deals. I believe income from crowdfunding deals (regardless of whether it's debt, preferred equity or equity) is considered passiv...
Hello BP peopleI'm trying to get an equity loan/refi -cash-out from my rental properties. One in Nevada and one in California.Can anybody recommend an asset based lender that works in California?Thanks!