Charlie Gruber
Take out Loan Options
I'm attempting to learn more about Take out Loan Options. I'm finding contradictory information when perform online research. Below are a few notes I've created. Looking for assistance filling in gaps. Thanks i...
Dustin Gott
extending private loan
I have a private lender who is owed the full amount in a few days. He is interested in continuing to loan the money. What would you use to change the terms of the loan to extend it another year? Simple addendum? A spe...
Charlie Gruber
Take out Loan Options (trying to understand basics)
I'm attempting to learn more about Take out Loan Options. I'm finding contradictory information when perform online research. Below are a few notes I've created. Looking for assistance filling in gaps. Thanks in ...
Tevin Swain
How do Addendums work?
Good afternoon everyone. I am interested in wholesaling HUD properties in my area and the question i have is, is it possible to add certain Addendums or terms to a contract if I am wholesaling a property?
Jim Chuong
Comfortable with debt?
What debt-to-equity ratio are you comfortable with?If you own $5 million in real estate assets, how much debt would you be comfortable having on it? 25%? 50%? 75%?Why?Does your age impact this decision?
Lorenzo Spurrier
Cost Of Borrowing Money
Hi,I have been speaking with a quite a few HML's to get an idea of how much it costs to borrow money. I am working on getting my first fix and flip out of the way (the toughest one, apparently). With that being said...
Ben Gonzalez
Tax on Note Income - Installment Sales
Hi all,
I was hoping I could get some general info about taxes from note income and how it's supposed tp be handled.
I'm getting into creative financing, and plan to originate several notes (yes, I'm aware of Dodd-F...
Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Jonathan Polanski
purchasing a quad plex
So I'm in the process of purchasing a quadplex in South Florida, I put in an offer 5k more than asking because buyers are really aggressive here I lost out on a few good deals here to other investors so I wanted to ge...
Seth Robertson
BRRRR Method Financing??
Hi BP, I recently watched another one of the BP webinars hosted by Brandon Turner. I'm a little confused on how the BRRRR uses "short term" and "long term" moneyMy understanding is that you can use short term money fr...