Adam Sharp
10% down "Vacation(2nd) Home" - Legally rentable?
Hi - looking to buy another property that will be a rental home and I ahve come across the concept of the 10% down "vacation home" loan offering. I have been told opposite information from different lenders and am ha...
Ben B.
Seeking "Investor-Grade" Mortgage Broker
Good morning BP!I am on the hunt for a mortgage broker that can look at things with a little more creativity than my current, primary residence mortgage broker. Specifically, I am trying to find a product that will al...
Steven Dicker
1065 tax treatment for propery developers
If you are in the business of property development, are sales of homes held over one year considered capital gains, or ordinary income? Also, do you depreciate rehabbed property that you rent?
Thanks,
Steve
Bill Florence
Seasoning rules on non-financed properties - Why ?
So I purchase properties for cash. I call my lender and ask to do cash out financing - no problem, lots of products available. But then I am told I have to season for 6 months. I know about seasoning for financed prop...
Chris C.
Vacant Land Loan to Pay off Seller Financed Building Note
2 years ago my partner and I acquired a 9,000 sqft, two story building, zone for industrial, commercial and residential use. The building is currently vacant and has been for 5 years. We owe about $230K on the note....
David Perez
Refinancing a BRRRR when the property is owned by an LLC
I am very intrigued about the thought of using The BRRRR method to acquire rental properties. But, I don’t want to own the properties under my name because I want the properties to function like a business and have bu...
Yanick Cusson
You could have been thinking wrong all those years
Problem-solving or problem finding?Which of the two characteristics will make you close more sales? I have always been told, if you can solve the problem of your prospect, the sale is in the back of you pocket. While ...
Stephen Brieloff
New Chicago Investor Looking to Meet Other Investors
Hello everyone!I am a new investor in Chicago, IL and am looking to meet some like-minded folks in the real estate world. I recently started in the Bigger Pockets Mastermind group and, as one of my goals, am pushing m...
Michael Glaspie
Live in Flip with a VA Loan
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $144,000
Cash invested: $10,000
Sale price: $189,900
I used a VA loan to acquire a foreclosure. I fixed the pro...
William F.
Podio: what to set up first?
Hey BP - I'm setting up Podio for the first time. It's not super hard, but it is definitely time consuming. Learning all the tricks and automations takes some work and googling
When you set up Podio, what do you thi...