Kelli Tarantino
Cash purchase, adding person to title who will take out loan
My husband and I just purchased a home for cash (because it allowed us to get the best price) in our Rental Properties LLC name. We would like to add our daughter to the title during the closing process, and then hav...
Jonah Kolsrud
Creative Ways to Increase Cashflows
Hey BP members,In a market which is fiercely competitive, I am looking to figure out how I can make numbers on potential properties be even more profitable with such limited inventory. I have seen in previous posts (s...
Rich Hupper
Writing up an offer
Hi bp. I have a family member funding my investing with their heloc. I am wondering how i should write up the offer(s). They do not want to be on title. However their name is the only signer on the heloc account. The ...
Jim Mcmillen
Need 1st and 2nd Mortgage
Newbie here and need advise on mortgages. I hope to be purchasing my first property with some stats as follows:Zillowestimate: $80,000Purchase price: $40,000I will need some cash out of this deal in order fix up the ...
Judah Emory
Building duplex for first rental
I have an idea and am hoping to run the idea across you folks to punch holes in it.Background: I have a full time job as a .gov employee close to my home town and make a decent salary. Job is stable. I have always b...
Jing Chai
What to do with your primary California house that has $1M equity
I was fortunately enough to be gifted a house back by my parents and now there is over $1M in equity in the house that's in the SF Bay Area. On Redfin it's about $1.35M and there's $245k of loan on it. Because of COVI...
Lauren Stiver
1st HH! How do I pay back
Hey everyone!
So I have been on BP for almost a year and I finally have my first house hack under contract! It's for sure been a hot market in Kansas City! This is a 2 unit home...not a duplex, but a large ranch house...
Navid A.
How to get paid after a flip
I got wrapped into an informal partnership on a real estate flip project that we are about to sell after 3 months of rehab. We split the costs 50/50 and we are about to close soon. Since the partnership/deal wasn't un...
Sean Dougherty
Any agents ever done this?
Selling @ $500k
Lender providing $490k
Can the remaining $10k be carried by seller? Will brokerage allow?
If so, should it be a separate contract? Should it be outside of current escrow? Should the $10k loan be a l...
Michael Plaks
How 0% capital gain rate actually works
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...