If I create  and fund an LLC to lend 100% to me to buy real estate and light renovate and rent it out. If I come to the bank for refinance in less than 6 months will the bank appraise base on appraisal value or the co...

Has anyone worked a short sale with Saxon recently? My first time, and so far they seem to be a lot slower than average. Just getting my authorization letter in their system took over a week! Now I just found out t...

This is one of those confusing tax issues that does not have a short answer: do I need to send Forms 1099-INT to my private lenders, and do they need to send me Forms 1098?Part 1: Forms 1098 from private lenders to in...

I was a huge proponent of Google Wallet.  The service is free and you can easily transfer money to people through their easy web interface or the nice App they have.  The only real problem I've had with the service ov...

I purchased a duplex a year ago with inherited tenants. One moved out immediately, and I took that opportunity to fix up that side of the duplex. Now it is fabulous and rented. The tenants in the second side smoke ind...

Is anyone else having their rent checks delayed in the mail? One tenant who has pre-addressed and pre-stamped envelopes from me has had their checks delayed multiple times. One time it took 2 weeks. The postmark was d...

A sponsor in a syndication who receives 20% equity without any investment is taxed on receiving equity or only on sale of the asset. For example in an LLC has five members with 20% stake, and four only invest cash cap...

So first 4 family property owner here. I purchased last month and just got my first electric and gas bill. Let's just say wallet shock doesnt cover it. To break down the tldr, apparently I used 23.59 in gas last month...

This is a post that details my experience with accepting an EIDL disaster loan amount above 25k where my properties are held in my personal name, no LLC. A lot of people hold properties in their personal name, includ...

Hello BP,I am working on a deal with a seller willing to owner finance a 6plex. As part of my terms, i am asking for 12 months interest only at first and then start paying off the loan to the seller with interest. The...