Scott A.
Portfolio loan house flipping- what i do wrong?
I called a bank mentioned on BP that supposedly does portfolio loans for flipping. I said, "i'm interested in getting a loan for house flipping and mentioned that i'm a first time flipper." The call was over before ...
Doug Wilkes
C-corp as a real estate professional?
Can your c-corp qualify for real estate professional status? The company is owned by two S-Corps and taxed as partnership, S-Corps owned by entrepreneurs in other endeavors and can not qualify for Real Estate Profess...
Tim Daniels
Private lending LLC denied banking accounts - options?
Hi all - I’m starting up a lending business, all was going fairly well until I was told by all the banks in my area that they “are unable to establish a bank account for anything that is financially related.” Have al...
Connor Myllymaki
How to find a legitimate private money lender?
I’m getting to the point that I would like to start using a private money lender. Talked to one through another forum. But got the feeling it might be a scam. Any tips or recommendations are greatly appreciated. Tha...
Kyle Smith
Private money for fix and flip
Hi, I am looking for private money for fix and flip and I’ve been getting emails from “private lenders” from being active in Facebook groups. How can I tell if these are legit private lenders? I have one saying I can ...
Mary White
Accountant says, "I'm screwed on taxes for the BRRRR I did..."
In 2017 I purchased a foreclosed 4-plex to do a BRRRR. We cashed out a state retirement account from a previous job, used cash and also partial 1031 money for the all cash purchase. In March of 2018, I got a loan on t...
Jason Stern
Self Employed Tax Savings & Use For Future Real Estate Investing
I am looking for financial tips for my particular situation....I am a firefighter and also a self employed business owner. I work full time as a firefighter in Miami working my normal 24hrs on, 48hrs off. I also work ...
Yaya Y.
How do you make money from a syndication?
Hi everyone,I am interested to know the reasons (pros/cons) for syndicating RE deals. I was running the numbers on a typical deal, and the GP usually makes anywhere between 5-10k depending on the Purchase price of 600...
Eunice Villarroel
HELP. BEST WAY TO GO ABOUT FINANCING REHAB COSTS
Recently purchased a fixer upper, hoping to do a BRRRR on it. I would like to buy another property this year also. I have 60k in cash at the moment, rehab costs to property would run about 50k . Is it better to borro...
Herman Ruiz
I’m 16 and am getting into real estate
I just turned 16 and want to learn as much as I can about the real estate world before I get into it. I’m currently saving money so when I’m of age I’ll be able to go right in, what are some things I should focus on l...