Andrew Faukner
Crowdfunding and taxes
Let me know if have this right. If I use a crowdfunding company like Reality Shares, or Groundfloor, and I receive interest in 6 months, it is considered ordinary income for taxes. Or, if I receive the interest after ...
Victor Ong
Secondary Market for Private Note Purchasing
Hi BP community, are there platforms or open market for trading real estate based privates notes? (1st/2nd/mezzanine)? I know there are crowd funding platform that does origination but not sure if there are marketplac...
Charlie Gruber
Real World 1031 exchange numbers
I’m looking to sell a property and 1031 into another property and want to make sure I understand how some "real world" number may work. Let me know if below looks correct:1)The relinquish property (house I’m selling)...
Sam Leon
Bankruptcy, Foreclosure and Short Sale
There is a property I looked at, where a bank was originally scheduled to take possession of it via a foreclosure auction in Sep 2013, then the owner filed bankruptcy to stop the foreclosure, then the foreclosure w...
Mike Lynch
Help with understanding purchasing homes
Some of the Real Estate YouTube channels are telling everyone that if you have $300,000 and you owe $300,000 on your home, do not pay it off...... Use that money and put down $50,000 each and buy 6 more homes........ ...
Joshua Dees
Probate+AOH+Pre Foreclosure+Uninterested Heir
Farmed a lead from my marketing. Turns out the owner is deceased, so I will be buying from his children. His children want to sell, the house is distressed, vacant. Get the property under contract for 16k. Tax Apprais...
Blaine Vollenweider
Pay cash for properties or finance them?
My question is. Should I pay cash for my investment properties ($200k) or should I finance multiple doors and stretch my $200k into the selected properties only putting enough down on each property to make it cash flo...
Jay Story
Judgements against a living trust
Hello BP! I am trying to purchase a parcel of land from a family member, however there are a couple judgements against it one of which is much larger than value of the land itself. County records indicate the parcel ...
Dylan B.
How to fund repairs on an 8 unit deal
Hello fellow BP members! A partner and I are working on purchasing an off market deal from a soon to be retired landlord for 8 single family homes. The numbers check out and this will be a great deal however we are s...
Ryan Watson
Trustees and Bankruptcy
I was wondering if someone could shed some light on this topic for me.
Ive noticed that someone has put a property in the name of a trustee during the course of a bankruptcy. The owner name is titled "(Truste...