Abby Flynn
Looking for a mentor in NJ!
Hi! I just recently moved back home to NJ for work and decided to move back in with my parents (not fun but ironically closer to where my job got transferred rather than getting a place) so I am saving a ton more mone...
Account Closed
No tax on $1,000,000 capital gains??
Hello Everyone,I read that if you've lived in your home for the past 2/5 years and you are in the 0% income tax bracket, then all capital gains are tax free.For example, if I retired in 2015 and receive no taxable inc...
Zachary Schimenz
WARNING: Don't Use Ohio Cash Flow unless you want to lose thousands of dollars
I'll keep this short. I bought a property from them for $85,000. After I bought it the property appraised for LESS THAN HALF that amount. On top of that they promised a "fully renovated property" - then a few years la...
William Philipp
First Time Investor with questions
Hello All, I am a first time poster, but have scoured these forums and read a lot over the last year. I still have some questions. First off, I do own my own communications company currently, but am looking to expand ...
Manuel A.
Close to Making First Offer; Misc. Questions
Alright, so I found my first house I find interesting. Every wall needs to be redone (holes everywhere) and there a lot of other minor problems like that. Also, I think it's relevant to tell you this house is "REO/Ban...
William Brock
HELOC on an investment property
Hi there! I'm new to REI as of early 2018, turning my previous home into a rental and acquiring a long-distance turn key rental shortly thereafter. I'd really like to keep my momentum moving, and am trying to determin...
Jimmy Chou
What happens when seller signs multiple contracts? Is that fraud?
Hi Everyone,I got a 1BD/1BA condo in Downers Grove, Illinois under contract for 15K on 11/4/2015. I put inspection deadline on the 18th and closing date of 25th. (Yippee! My first deal) A few days after the contract w...
Joshua Beall
Thinking about getting my real estate license--thoughts?
Hi All,I've been having trouble finding an agent who is willing to actually submit all the offers I'd like to put in. Honestly, I don't blame them--I'm putting in offers that will probably get rejected, and they don't...
James Masotti
Transferring funds to and from private lender
Good Morning BP,I hope that everyone else on the East Coast is surviving the snow. Saw some crazy videos from down at the shore with all the flooding.Anyway...I'm setting up my first private lender. Attorney is drafti...
Ludmila M.
What are your startup and operating costs?
Hi everyone,First, thank you to everyone for making this forum such a useful resource. This is my first post, but I was using BP for a while and learned a lot from all of you. About myself. I am starting my business o...