Nat C.
Suing seller who backed out of contract
I had a property under contract and the closing documents were sent to the seller and she seems to be refusing to sign and return. She is ignoring phone calls and clearly avoiding me.I'm certain that she's changed her...
Deborah Wodell
How Do You Decide When to Refinance vs. Sell?
Hey everyone, I’m curious about how you all decide when to refinance or sell a property you’ve held onto for a while. Do you go by interest rates, property appreciation, or maybe just a gut feeling when it’s time to c...
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...
Patrick Madigan
Help analyzing 32-unit deal in Fayetteville, NC
I just noticed this 32-unit property in Fayetteville, NC listed on the Triangle MLS a few days ago. This scale property doesn't get listed in our MLS too frequently, so I'm naturally excited to see if it's much of a d...
Account Closed
what is the 70% formula? how can i find out the accurate numbers?
what is the breakdown for the 70% formula?how much of a % can i expect purchase closing costs and selling costs?holding costs?hml with holding costs?how come nobody explains the breakdown of the actual 70% rule??the 7...
Eric F.
Building a rental portfolio with Subject To/Lease Options?
Hi,
I have been thinking about different ways to get some rental properties for a few months. I was thinking a good way, before the market really rises, is get some Subject To or under a lease option, with the optio...
Nick Colvill
Seller doesn't have Schedule E - shady?
I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Sched...
Keith W.
Exit Strategy for Lease Option Buyer
This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...
Mike Jones
5/95 Percent Partnership For LLC with rental units
Hello, Let say my brother, and I want to for a Holding LLC which will Owned a management LLC. I have 1 rental unit, and will be buying a second one, cash. The first property is on my name. planning on growing the busi...
Brandon Hartman
Hello from a new investor Columbus, OH
Fellow BP’ers –I figured it was long overdue that I make an introduction here and establish myself as part of this great community. As for the formalities, my name is Brandon Hartman, I am 29 years old and I live in ...