Kurt Winsley
Tenants want a swingset
Greetings all,I recently closed a deal on my first multi-family apartment complex (18 townhouse, 1 single family). I have a resident manager in place from the former owner that I'm inclined to leave in place as he see...
Jack Tesell
Bankruptcy/Quit Claim Deed/Mortgage Question Real Scenario
Need help or insight to what happens after these steps have been takingBank files complaint on house 3/2007Owner moves outOwner files bankruptcy 7_2009Motion of Stay filed by bank 8_2009Relief of Stay Granted 9_2009 t...
Carlos Simmons
Flipping Houses vs. 1st Position NPN?
I know it's difficult to estimate in a spreadsheet due to so many variables but for people have flipped houses AND who invest in 1st position NPN, which results in the best overall after-tax ROI? I know the first res...
Malcolm Darensbourg
Unexpected 1st wholesale call
Hey, how's everyone doing?
A woman just called me from a craigslist ad I posted about a month ago. I totally forgot I even posted the ad. She says she is looking to sale 2 of her houses. After all the studying I've ...
Mike Sattem
Possible Illegal apartment in a building
I recently purchased a 6 unit apartment building and have completely gutted and remodeled the entire building with all the proper permits and inspections. Upon final inspection from the city, they stated that, per the...
Mathew Morford
Creating more value
I have some ideas with my property and I am wondering if its worth doing to create more value or if it creates value at all.I have a small property and I am thinking of selling or getting a HELOC so I am in the middle...
Troy Nonnemacher
Angry Homeowners From Direct Mail Campaign!
I am assuming it comes with the territory but I am into my 5th mailing for motivated sellers and I can not believe how angry people get about mail!! Do you all experience the same thing?Thanks in advance,Troy
Chris Odell
UBIT for Self-Directed IRA
Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...
Account Closed
World Cup Talk
i know plenty of yall argue on this board about the fate of our country...but please tell me yall will at least be rooting for them in the world cup?!?!....BIGGEST SPORTS EVENT IN THE WORLD...side note, i actually exp...
Michele Redd
Is Commercial RE Selling now?
How does one go about finding buyers for a $7million commercial deal in this market? Are Hedge funds buying at all, if so, where are they?