Fade Aromolaran
I'm Looking Buy 20 Subject-To Properties In Maryland This Year
My name is Fade and I'm a wholesaler based out of Maryland and I've done a good number of deals over the past year and a half.I've been studying subject-to transactions for the past couple months in preparation for th...
Jerry Gandolph
Best way to handle taxes on Flip house
Hello,
Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...
Kinley Puzey
Salt Lake Architect looking for Developer/Inverstor knowlege
I'm very interested in real estate development and would like to know more about it and in the future pursuit a few projects.I have quite a bit of experience working on the design side for both commercial and resident...
Paul Farley
First Investment - Local Help Appreciated
Hi everyone. I think I am going to be making my first Real Estate investment. I currently own the home and I think rather than selling it, I will use it for investment purposes.I was wondering/hoping if there was some...
Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
...
Brennan Boyd
What returns do you look for on rentals when paying cash?
Hello BP community, I just wanted to get an idea of what a good deal looks like when paying cash for a residential rental property? I understand the numbers behind a good property when financing it, but I wanted to se...
Ryan O.
S-Corp Reasonable Salary
I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
...
Jared McCullough
Should I run a LOC or just do a Refinance?
I am currently in a situation where my last refinance put me in a position where I have $10,000 in leftover capital and was able to purchase (3) properties in cash (i.e. that I plan to borrow against for future acquis...
Brooks Rembert
"Subject To" Offer on a House Needing Work
BP family, I've got another silly(?) question...I have a guy who's sister passed away and now he's got her house in Virginia. He's in Arizona and just wants it sold.He knows it needs work (by my estimate about $20,000...
Corey Davis
Quick question about re-financing
OK, I can't seem to use the search function today, or the answer is just too vague... Here's my dilemma: underpriced condo in rapidly progressing neighborhood of very desirable city. No rent cap, so no convention...