Is it feasible to use TurboTax to file tax if you have rental properties acquired using BRRR strategy; which consists of using hard money to acquire a property, rehab it and then refinance it.If you’ve used this softw...
Most wholesalers I’ve seen have offered properties under hard money/cash only contingencies. Does acquiring wholesale properties through regular financing, either QM or Non-QM loans for example, even exist?
I have a question that I am trying to get an answer on... purchased a primary residence 3 yrs ago, put 65% down on the house due to proceeds from another primary residence sale. Have since then acquired three rentals,...
Hello Everyone,
I am Manny and we are from Murfreesboro, TN just a few miles southeast from Nashville.
My partner Ivan and I have been in working in the Multi-Family renovation business for over 10 years and we ha...
The types of creative financing options I was looking into were a lease option/lease-purchase agreement, loan assumption, wrap-around mortgage, and subject to financing.I guess my question is... Are any of these optio...
Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 un...
I am looking to buy a property in Phoenix, AZ for my son to live in. At first I was going to purchase a cheap 1 bed condo for less than $50k. However, I've decided I want to purchase a duplex or triplex creatively.My ...
Hello BiggerPocketeers!
I was in the works of acquiring a second multi family property through a creative way of financing it. First, the seller (relative) would have held the note for 20% for 24 months while I acqu...
Hello,
I'm interested in getting into RE investing, looking to purchase an auction home. I want to flip the home but my questions are:
1. Can a hard money lender provide funds to acquire an auction property?
2. I...
Client's building burned in fire. Residential rental property. Fire occured on 10/01/2020. Cost: $400,000Depreciaiton: $120,000 up to 09/30/2020Insurance paid $635,000. Assume no Salvage value.Insurance payment w...