Todd Willhoite
Short sale and income tax consequences to seller
I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...
Jose Pena
Structure a business
Hey BP members,
I have been researching on how to structure the start of my rental empire. I hear a lot of everything...one LLC for each property...one LLC for all my properties...different tax strategies...
My quest...
Patrick McGowen
trustee sale question
Say there is a property up for trustee sale auction, being foreclosed on by the first mortgage company. The minimum bid is for the total of this first mortgage. The title search revealed two other liens. The title ...
Richard Parseghian
House Hacking in Northern New Jersey
Hi Everyone,I’m looking to start house hacking in northern New Jersey where I was raised. Specifically in the Bergen County Area. I recently graduated college and am eager to get some skin the game. I have done a few ...
Jake Wagoner
Suggestions when you’ve used up cash and credit
Any recommendations I own 4 investment properties and My first mistake was I bought them before I was educated about financing deals. I used my own cash and used what easy available credit I had to rehab the projects....
Brikkelle Thompson
Sharing my experience with the lender BRRRR
Hi everyone,This past summer I worked with BRRRR to finance an investment property purchase. The experience with BRRRR was not positive, but it may have been the rep, Dominic, that I worked with and not the company. I...
Andrew Kusuda
Paying for Kids College with a Rental
What's the strategy for buying a property and renting it out to build equity, and then using that equity to fund your kids college tuition? I watched one of Brandon's videos on it and now I can't find it. Any insight ...
Jennifer Borkenhagen
Newbie strategy for today's market
With at least 7 rate hikes planned in this year alone, the rising cost of gas and the overall financial climate, how does a new investor decide on an approach? Or is this just a really good time to get to know my bigg...
Donald Eggers
Classic fix-and-flip in Portland, OR
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $546,000
Cash invested: $49,000
Sale price: $595,000
Classic fix and flip. We had 3 exit strategies, and ultima...
Andrew Dudun
To Fix or To Sell (or Both)
Hi Everyone,I am looking to see if anyone is able to offer any advice on my current situation. Any help would be greatly appreciated!I currently reside in Chicago and bought my first property, a duplex, in August 202...