Allie Dickson
Assignment, Simultaneous Closings, or Other Ideas?
Hello, Investor Pros!My husband and I have a potential opportunity in front of us. Our friend, let's call him "Bob", in the San Francisco Bay Area has a property built in 1960 that has never been updated. My husband a...
Stephen Dickey
Well, We Got Burned .. What I Learned
Just got burned on a flip. Did a cash out refi on my property to pay back some hard money that is due and banked on an appraisal without researching the market value. Appraisal fell short. Profit will still be made wh...
David Biederbeck
How long did it take to find your first buy?
Hello everyone!My wife and I have been saving for quite a while to get ourselves to the point where we could begin flipping homes here in the PHX area. Three months ago we made it, we have the cash and we're ready to ...
Kingsley Okwerekwu
What’s your #1 MOST USEFUL tip, for minimizing risk on flips?
Is it all in creating a margin of error and a really good deal? What are the best way to do that? Is it other things outside of the “numbers”?I am a first time flipper and I am very confident in what I would like to d...
Kaiya Sherriff
Start with Roth IRA Or Brokerage account frist?
Hello, I am a 19yr old who is still a beginner & learning the ins & outs of investing in stock market. Should I focus on investing in a ROTH IRA or A Brokerage account? I still live with my parents and have no...
Gregorio Villar
How Do I Finance My Third House WITHOUT W2 Income?
Hi Everyone,
I bought my last 2 properties while I still had a W2 job. One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.
I quit...
Varun Narayanan
Opportunity to flip a home
Hello BP! I am a new member to BP and just sent out an introductory post. I needed some recommendations on the best way to proceed with a potential property that I have found with regards to flipping it.
The property...
N/A N/A
Getting around the AGI limit for passive-loss deductions
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...
Paul Smetona
Basement Foundation Repair - How involved might this job be?
I'm considering placing an offer on a house that has an issue with the basement foundation. The Point of Sale inspection has an item that simply states "replace damaged foundation." Here in the Cleveland Ohio suburbs,...
Louis Phlips
Only $100 monthly cash return
Hello all! I'm a newbie to this world, but want to get my feet wet and get an investment property from a turnkey investing property management company. I've been talking to one in the Memphis area, and essentially I w...