John Hylton
Capital Gains primary residence
Hi guys,
We bought a home last year (essentially a long term flip), and we decided to make it our primary residence for a bit. The reason was two-fold; it met our current needs as well as would keep us from paying ca...
Jack B.
Should I cash out refinance or keep the cash flow?
Sitting on 750K cash (well in the bank). 850K in equity there abouts with the hand full of rentals I own here. I moved back into one of my rentals almost 2 years ago and am considering taking out 150K equity before mo...
Pam Smith
Schedule E - filing as non-passive income
Hi all-I was reading one of the blog posts on the Short Term Shop blog about Schedule E vs C, passive vs non-passive. In the blog, they reference, "According to Treasury regulations, vacation rental owners who rent th...
Lisa H.
What expectations should I set for a good realtor?
What are your expectations for a good Realtor? I thought I found a good one but he ended up blowing me off. For whatever reason it doesn't matter, I'm off trying to find someone else--back to square 1. But what woul...
Kevin Garrity
Real Estate IRA Custodians
Hello BP community. As a newbie in the fix and flip market, many lenders I have contacted are requiring interest up front and are capping at 80% acquisition. As such, I am looking for references for a reputable compan...
Jason Hyder
First meeting w/ Real Estate Attorney ????
Good morning...
My first post, so looking forward to hearing from you. Thank you in advance.
I have had my initial mtg with my RE CPA. I am now planning to have my first mtg with RE attorney. I would greatly appr...
Justin Fox
Question about Seller Financing Terms and Rates
I have people interested in me building them a home and then seller financing the home to them.I'm open to that but I've just never done any private lending, so I'm unsure about terms and rates.Are loans like these ty...
Kris B.
RE agent commission
How do you handle RE agent commission while flipping? Do you pay while buying and selling again for buyer and seller agents? Is there a standard % for a sfr (if anyone is around DFW market) ?
Mike Reynolds
Option question
I am working on a deal and I really want the property next door also. I will be building an RV park and I have been asked for free sewer and water by the neighbor. He has offered to give me an option (99 yrs) to buy h...
James Milli
Finding Helpful Real Estate Agents
What is the best approach to finding a helpful and experienced real estate agent? Someone who is willing to pay it forward.