Account Closed
Was told to use LLC but Financing is challenging
I was told to drop my home into an LLC ASAP. It's in a single-member LLC. It's owned free and clear and now that I want to pull cash out via a refinance, no one seems to want to work with me. But if I pull it out of t...
Account Closed
2018 Tax Horror Stories
I hate to be a downer, but with a significant overhaul of the tax code recently we are seeing first hand some RE investors (and individuals) get hit with huge tax bills and sometimes penalties. There are tremendous b...
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
I looked at a loan request today. I know the area very well in Philadelphia, without seeing anything my first thought was the property was worth 350k or so. The appraisal came in at 640k, the comps they used were out ...
Michael Ryland
Negative reactions from friends and family
My wife and I are just starting out and now have two rental properties. We are excited about these opportunities so we can’t help but tell those who are close to us. We were sitting down and sharing all of the not so ...
Account Closed
Listing Your Fix and Flip Vs. Using a Realtor
Hey BP,What are the pros and cons of listing your first fix and flip on the MLS vs. listing with an agent?
Casey Cuppy
Returns on Flip Properties
I am just curious as to what investors are finding more important. I have an array of clients, some seem to care more about the actual profit while some seem to be only concerned about the ROI. What is the main th...
Eric P.
My first flip! (with pictures)
Hey everyone, Brandon suggested I post a little about my first rehab that I just started working on. So here goes! Please comment with any design/rehab ideas or on the bolded questions in the picture captions belo...
James Tedrow
Joe Biden wants to trash the 1031 exchange
What do you all think about Joe Biden's tax plan and the elimination of the 1031 exchange?Moderator Note: This post turned into a political discussion, which is not allowed per our rules. This thread has been locked. ...
Noel R.
M1 $700 a month to join. Would you?
After hearing the Rock Thomas episode I looked into M1. The concept makes a lot of sense but paying $700 a month to network is quite the cost/commitment. Anyone on here taken the leap of Faith? I would love to hear fr...
Colton Kotylo
Getting Out of The Contract
We recently got into a contract with our real estate agent and toured about 6 properties (2 being new builds). We are considering going with the new build, but would like to drop our real estate agent. She agreed to c...