Brian S.
My first Cash out Refit :P
Hey Fam,Seeking an OG to give me their "hot take".. like a "holy shii don't do that" and or listen to my thinking and tell me if it sounds reasonable.A second set of eyes.So I own a 18 unit bldg, and have a partner at...
Tony Nguyen
Fannie Mae Auction Property Flip Restriction
I just got an offer accepted by Fannie Mae. We bought the property @ REDC. The purchase price is 84k, ARV is 140k. There is a clause in the contract that says I cannot resale for more than 100k within the first 90 day...
Shaun R.
Why is it so hard to think of a business name?
I talked to a portfolio lender today that seems to have good terms, but said that they prefer to make the loan to an LLC. The only reason my partner and I haven't formed the LLC is because we can't think of a business...
Travis L.
Hello all! New member from Maryland. Advice needed already:)
I have been reviewing the comments and advice on this site for a little while and am excited to have joined the forum. I'm in the planning stages of starting a real estate investment company, which like so many, w...
Steven Kim
First Time Home Buyer (4-Plex)
Hello, I am trying to purchase my first investment property which is a 4-plex. The listed price is 690000. After contacting the listing agent 2 units are a month to month term and the other 2 are year long terms. 3 un...
Henry F.
What would you do? FHA, Fannie Mae or HELOC
Hello BP fam,
Just trying to get some of your input. I am a joint owner with my mother on the property she lives in. She is the primary owner and recently retired. Im currently looking to purchase a property to buy ...
Danny Shore
tax treatment of closing costs
What are the tax consequences for the following 100% residential rental situations?
1. seller paid closing costs
2. buyer paid closing costs
3. buyer tacks the closing costs onto his mortgage
4. what is the better sc...
Ram Gonzales
City Incentive Program to Flip Houses
In my full-time job, I work in downtown redevelopment. Part of my job is to create and manage programs that encourage private investment and revitalization. I'd like some feedback on a program idea to stimulate the re...
Calixto Urdiales
Question?
Hello there everyone-
I have a quick question about taxable income. Lets say that I make $700,000 in one year and decide to buy an apartment complex for $600,000 dollars.
At this point what is considered to be my t...
Parth Patel
How much research/time did you spend learning the ropes?
Hey guys I was wondering how much time some of you spent learning the industry before closing your first deal? Ive been reading quite a bit, and have a long list of books lined up. I don’t want to paralyze myself fro...