Tyler Carpenter
Real Estate Notes
Are notes basically the same as rent to own? Correct if Im wrong because Im still a little lost in this area. If I buy a note from someone, this means I am buying the property from that person and they are basically o...
Parker Bullard
Trying to Break Even by Leveraging Equity
I'm looking to purchase my first investment property and need help figuring out a strategy that will work for me. I have about $300k in equity (based on a BPO performed in July 2023) but no cash. Whatever I do, I woul...
Johnathan Butler
PLEASE Critique My Thought Process on a Potential Deal
Hello BP Nation,I’m looking at purchasing my first RE investment property in the west suburbs of Chicago within the next 90 days. In an effort to mitigate the amount of catastrophic mistakes that I’ll make as a newbie...
Martin Saenz
3 Reasons that most Note Investors fail
3 reasons that most note investor's fail: 1) Fear that leads to half steppin’. I’m not a fan of rap music but I do like this song from Big Daddy Kane which is titled, “Ain’t No Half Steppin’”. What prevents most ...
Shyd Coloma
Mix Use Duplex as STR and LTR for Tax Filing
Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income? I recently had an email exchange with my CPA regard...
Shawn Root
Can someone check my math?
I was trying to run some numbers through a spreadsheet to see what the effects wereof cashing out a 401k to invest in vs. leaving it in a self-directed IRA/401k.Assumptions:1. Starting value of 300k in 401k2. Lose a t...
Summer Segeleon
Am I allowed to Demo a house without a contractor?
I understand that you need a demolition permit to demo a house, but once you have that, are you allowed to demo a house on your own with whatever hired help you deem fit, or are you forced to hire a contractor to ...
Steve Babiak
Scripts for calling on sellers
A collection of BP links that deal with calling on sellers. Enjoy!
First group is more motivational in nature:
http://www.biggerpockets.com/forums/69/topics/59018-how-did-your-first-calls-go-to-potential-sellers-st...
Samuel Smith
Best way to move forward
Hello BP members,I'm going to be a new investor I've decided that I want my focused niche in buy and hold.I've done my research and I would like to use the BRRRR method or creative finance (since I have an excellent c...
Jason Reynolds
Rent-to-own Help!
I am beside myself trying to figure out what documents do I need to have for a rent to own agreement. I talked to a lawyer but he didn't seem to want to talk about what I needed. The first thing he said was "I don't t...