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Does the "Purchase Option" system work?
I just read an article about a system called the "Purchase Option" system. Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the en...
Darrell Essex
Newbie From Chicago
Hello all,
I am Darrell and I am looking to start wholesaling in Chicago and some of the surrounding north and northwest suburbs.
I have a small amount of experience as an agent, but it was during the time when fo...
Matt Turner
Whats the next step
i am wanting to build up a portfolio of investment properties. I read all the time how these people are buying properties all the time. i have my first house under contract currently. Money is the problem. How are...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
Troy Kelly
Financing my first flip- Opinions?
Greeting all! I have been a member of the site for a few months now and really enjoying all the info. Thank you to every member who has contributed!
So, Im looking to finally do my first flip and somewhat confused an...
Jessica Hanchey
Lease option deal - need advice if this is a sound deal?
My husband and I have the opportunity to work out the following lease option on a house we are interested in. Because we are looking to save up $ for a large downpayment before we buy our next house, we are going the ...
Tom Lipps
Multi Family Insurance - Replacement Cost vs Actual Cash Value
Hi BP!I have a question for you. My insurance Agent gave me two options to ensure my Duplex:1) Replacement Cost - if building is damaged the company buys the cost to replace the item including current labor and mate...
Rony Calixte
Primary Residence Question
Is buying a one-bed condo a good investment? Any recommendations?
Dan Shelhamer
No Fee, Fixed Rate Personal Loan
I receive multiple of these letters in the mail every week about "Pay off credit card debt with a no-fee, fixed rate personal loan". It always says I'm pre-approved for anywhere from $35k-$75k.Has anyone every used t...
Kevin Richard
Locking in some property
This is probably a stupid question but I still need it answered. ;)
I am going to embark on a seasonal business and I have a GREAT piece of property picked out and it is for sale. It's actually priced really well.
...