Dylan Haines
My first investment property
An opportunity came up. It is a condo in the city downtown where I live. I sold the same floorplan 4 floors up for 400k. It is a 2 bedroom 2 bathroom, 850 sq ft unit. I could purchase the same floor plan unit but in t...
Christina Gomez
Brand new LLC what tax classification do I choose?
Hello my name is Christina Gomez, I just bought a home on the Big Island of Hawaii. I am starting a vacation Rental where I will be living full time. I have already applied for my LLC and in the process of getting me ...
Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...
Eric Betten
Financing to participate in Auctions
Hello BP Community.
I am breaking into real estate investing this year as a licensed and insured electrician by trade. My goal is to flip in the first quarter and 1031 the proceeds into a cashflow property. My quest...
Rich Hupper
Can anyone tell me if this would work
My moms house is worth 650k. She does not have a mortgage or any liens on the property. I want her to open up a HELOC so I can buy a fixer upper with cash and do all the rehab work with cash. Then sell it for a profit...
Derek Schmidt
Seasonal Period for loan
Hello!Does anyone know of any lender that does not have a seasonal period? If so, what is the catch?Thank you!
Account Closed
New to flipping houses
Hi GuysMy wife and I are considering getting into the flipping game. I have a few questions.1 We are using a realtor who sold our original home what is the % for him at buying and selling?2 what %can we expect to loos...
Jonathan Norris
Mobile Home Park in NC
Hello everyone,I'm pretty new to BiggerPockets and this is my first time posting. I'm looking at purchasing a mobile home park (MHP) in NC. I'm currently doing my due diligence on one that is priced at $250,000. I h...
Samantha M.
Wholesalers: When things Go Wrong for your End Investor
Lets assume the wholesaler in this case did their due diligence, provided solid ARV comps and brought a contractor along thats investor friendly to produce estimated repair costs.
The wholesaler provided all the info...
Amy Gullotta
Looking to reduce tax burden for 401k withdrawal for investing
I am seeking tax advice on what my best option is for the investment property I purchased. In January of 2017 I took out my entire 401k in order to start real estate investing. I was no longer with the company, and no...