Mark Schneider
Funding for rehab down payment
So, question for everyone. I had a guy willing to front the 20-25% that we need down as well as the rehab costs until this morning. He had some stuff come up and he backed out. We were offering him 10% flat not to exc...
Kirsten Milliken
Celebration--- HELOC application in BAM!
I have been reading, chatting, researching, and connecting for a few months now... I currently own my primary home in Maine and another rental in Chattanooga. Today I took the step to actually go to the bank and get ...
Derek Bunyard
Paying off a line of credit at closing – what are the tax consequ
Hello BP community,
What are the tax consequences of paying off a line of credit that was used to purchase another real estate property?
Here’s an example of what I’m hoping the BP community can help me answer:
...
Omar Anis
Multi-Use Commercial Property Capital Raising
Hi All,
My journey has taken me to underwriting hundreds of potential deals.. I have found an incredible opportunity and am trying to navigate my way through capital raising. I am relatively new to deals with just o...
Omja Pete
What is the best way to handle this Deal: Hotel 1.6 m first owner seeks partnership 50% for 100k
issues are numbers are essentually on a napkin no real verification former flag allegedly inbetween 2 star level franchises seller has been trying to sell / auction property without high enough bid.
Impression sel...
Dan Sheeks
Subject to question
What happens if you're the buyer of a sub to deal and the person with the financing in their name dies?
Account Closed
Deflation to Hyperinflation?
Here is an interesting article written back in 2008. It theorized that we may end up with a deflation, which in turn leads us to a hyperinflation.
This is basically what happened in Germany between world wars.
http...
Laurel Loomer
Should I sell?
I’ve had one rental for almost 2 years. It’s 2.5 hours from my home. My daughter was managing locally but she moved, now my partner and I are struggling to do it.It’s a 5 bed/3bath house that we rent by the room as me...
Mike S.
Question about a Judgement Lien in CA
OK here is the situation a CA property has 3 liens the first 2 being private lenders and the third is a judgement lien. The property has very little equity if the the judgement is paid in full (along with the...
Yoni R.
Personal Guarantee question
I need to personally guarantee a mortgage for a refi that I am doing on an investment property of mine. The property is under an LLC. I have other properties that are owned with other partners and those are also in LL...