Christine Krizenesky
Using Personal HELOC to buy a flip house
I recently used a personal HELOC to purchase a flip house then rehabbed and sold the house. I decided to use a 1031 exchange for the tax advantages and our accountant told us we can’t use any of the proceeds to pay ...
Lawrence Rutkowski
Cash Out Refinance/1031 Exchange
Hello friends.Are we able to use the proceeds from a cash-out refi on an investment property and 1031 it towards another? Also, if so, how does one go about putting that money into a 1031 exchange and doing this? I'...
Ross Hoffmann
Wholesaling Contract
Are there examples of wholesaling contracts on BP? Or better yet, are there wholesaling contracts that can be used when putting a house under contract on the BP website?
Joe Pea
Section 179: buy items one year, sell them the next year, repeat?
Can I take advantage of Section 179 by purchasing something in one year, selling it the next year while buying a new thing the next year, and repeat each year?So for example,buy property for business in 2018, get Sect...
Kathy Johnson
Ross Hamilton Tax Foreclosure Overages
SHARE BUTTON I watched Ross Hamilton's Tax Foreclosure Overages webinar and it peaked my interest. I would like to get some feedback from anyone/everyone that ha...
Maryann Fialdini
Seller signed Warranty Deed over to buyer so tax foreclosure stopped
Unique situation - need advice. Seller was facing imminent foreclosure due to unpaid property taxes. She signed a purchase contract for $75K with closing within 30 days. Title company started title search and while...
Katie Williams
Feeling stupid lol
Going through my first eviction and I just need someone to “hold my hand” it’s in the state of Georgia so far .. we let tenant know. Tried to get them to pay or move by request. No luck paid court to send a sheriff to...
Chris McHaney
EIDL Use of Funds and Real Need?
We have been approved for the EIDL loan, but after taking a look at all of the requirements for use of funds, I can't see how it's advisable for landlords to take this loan, unless you are truly in need, hence the ter...
Racheli Ta
Property Management Contract - Is this a good contract to use?
Hey there,
I have a new client (an owner of a couple of properties) and looking to sign him on a Property Management Contract. I'm attaching the one I have at the moment.
Any thoughts? It's pretty short, which I l...
Robert Sorrels
Can I use “Refi” Funds from Investment property for next primary?
I recently “Refinanced” an investment property I bought at auction with cash savings and Heloc from primary. I also moved out of my primary residence and leased that out. Now I would like to a purchase a multi family...