Erik Garland
Help on self funding my LLC
Okay BP family. I've funded my own portfolio since inception. Please help with the tax implications. I have made my LLC personal loans from myself with reasonable interest rate, amortization, etc. I understand the...
Erik Browning
Subject prop. cash out refi - settlement to plaintiff?
Haven't seen this before: the prelim shows an active suit, borrower wants to cash out an investment property to pay the settlement. Some proceeds to the settlement, some proceeds to the borrower. A NonQM lender of min...
Walter Correia
What is the best way to sell a property to avoid taxes?
I am planning on selling my investment property, however, I absolutely need to invest the proceeds. I would also like pay off debt in the process as well. What is the best route to take? 1031 exchange? Or take the pr...
Derek G.
Financing of Property/Assemblage
How is land typically financed for a land development project? Interest only, investors, combined with a construction loan so the interest can be added to the construction loan, etc. Since the time to purchase land an...
Jason Cook
BRRRR Method - Don't you go more in debt?
Hello, I am 23 years old, new to the real estate market and I am thinking about buying a house with in the next year. I have looked into the BRRRR Method but seems very capital intensive. My question is on the refinan...
Yuzi Stha
Tenants unwilling to fill out W9 for security deposits
I have recently acquired a new property with existing tenants living there. Previous owner was holding security deposits in non interest bearing accounts, as per law in Massachusetts we are required to put it in the i...
Trayon Sallis
Funding for chicago area flip
Im currently seeking advise on how to obtain funding to acquire and complete rehab for a flip. I have about 50k and a 800 credit score. I also own two houses without a mortage. I have a year old scorp. Nothing is work...
Jake Thompson
Bypassing General Contractor and Paying Sub Directly
Hi all, I have a project that has been completed and just before I was ready to send out final payment, my general contractor told me that they were filing for bankruptcy and I should send the bill directly to the su...
Patrick Bisson
Currently working a commercial deal - Advice on deal structure?
Hello BP! We are currently looking at a commercial property that has MOTEL/MHP/RV+BOAT Storage and more.The seller is asking for $4.5M (List price) at a 10% cap rate, with opportunity to grow revenues with some updat...
David Mirza
refinancing a conentional loan within a month
I'm purchasing a home for 150k that has an ARV of 200k. I would like to finance the purchase with a 30 year conventional loan, do some minor repairs then refinance the property and take cash out within a couple of mo...