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Just had breakfast with an old friend (high school) who has 13 houses, bare commercial land and back taxes.
He is negative cash flow but always borrowed his way out of jams with his equity.
He is foreclosure close ...
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Howdy!We recently filed our tax return and showed a pretty good profit on our rental. Our tax advisor said that he almost never sees profit on rental houses. I know you can repair the home to negate the profits, but i...
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Hi BP team
Question- this is just hypothetical, What happens if you take out a home equity line of credit on your home that you have $40,000 worth of equity in, in order to use for a down payment on a second home, an...
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Hello all, Hope that you are well. Thank you for taking the time to read this. I am looking at buying some STR property in multiple different states with a few partners and had a few questions for the BP community. Ha...
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I am currently attending a community college to get my Associates degree in Business. I am wondering if it would be worth it for me to go to a 4 year college after? Or should I i complete my two years here and go stra...
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Firstly, I want to share that my family recently inherited a house in San Francisco that we are renovating of which my father is leading the project. This event acted as the impetus of my new-found enthusiasm for real...
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We've been investing for the last 13 years in solid buy and hold quality rentals in Ontario CanadaI'm wondering how we can protect ourselves from mini grow ops in our apartments once it becomes legal to grow 4 plants ...
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I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
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I have a tenant who only wants to pay cash for her rent. Part of me sees this as a plus "cash is king" right, but another part of me feels that she and I both should keep some kind documentation to cover both our but...