Michael Vest
Cash, Delayed Financing, or Conventional/6 month Refi Purchase?
I'm running into a snag on a purchase we are working on.Background: We are doing a 1031 exchange. Two LTR townhomes into a larger active STR. COE 7/9 and 7/15 on sales. $320k net combined proceeds; $250k mortgage payo...
Gabriel Ehrlich
Buy/Hold Baltimore rental advice in 21215
Calling all investors in the 21215 area of Baltimore city, I need your expertise!! An opportunity has come my way recently but I just don't know the area well enough.A friend of mine is selling his rental property on...
Vicheka Chres
additional tenant that adding to the existing lease
Hello BP, I'm renting out this single family home to (currently) five individual tenants. One of them vouch for the additional tenant. I modified the lease to add the last tenant move-in date to Nov 1st but I haven't ...
John Laney
Ethical pricing for a flipper -- How low is ethical?
How do you ethically price houses that you are to buy and flip?It is pretty easy to determine the maximum amount that I'll pay for a house but it is a bit harder for me to determine the minimum amount that I will pay....
James Russo
Financing a fix and flip
What is the best way to obtain funding for a fix and flip aside from cash!
Ben G.
IRS Federal Tax Lien on Home Under Contract
We have a property under contract and our title company found a IRS Tax Lien attached to the property.Ron Legrand says if a property has a tax lien attached to it, that if title transfers we can request a lien release...
Linnea Giles
WHO PAYS UTILITIES??!
Hey Everyone! My husband and I are looking at purchasing a 4-unit property in the St. Paul area of MN. This would be our first deal, and we both have so much to learn. We both are wondering, who pays for utilities?...
Stefanie Marshall
Errors and Omissions Insurance--Flipping in California
I have been flipping homes for awhile, but I am simply an investor, and my agent and I were talking about starting a brokerage. She told me that she didn't think agents or brokers could flip houses because the E&O...
Nathan Letourneau
LLC filing S-Corp election for taxes
I've operated my business as a straight single member LLC for the last 10+ years. This year (2016) my income was much higher and I figured it might be useful to looking into the S-corp designation with the IRS. Wha...
Michael Biener
accounting for newbie with owner occupied multifamily
Hi all, i have been lurking around bigger pockets for the last 6 months or so. This site is very helpful, especially for wishful newbies like myself. I finally closed on my first investment property a few weeks ago. ...