Christian Malesic
Secrets for Freddie Mac
Through experience, does anyone have any ‘secrets’ or ‘tricks of the trade’ they are willing to share with making offers to Freddie Mac (HomeSteps)?
I am particularly interested in the amount of earnest money (good f...
Caleb Smith
Proof of moving into FHA, for loan approval
Scenario: I’m trying to use the FHA loan strategy to acquire a home each year. Personal credit is great, and my primary residence has plenty of equity, and income is sufficient for purchase of additional home.Problem:...
Ryan Arth
Limiting liability on multiple rental properties
if you own multiple rentals, and you buy them with traditional financing, this question is for you.
i purchase my houses in my name b/c the lender will not loan to a company. i was then quit claiming the houses into...
Jamal Atwell
First Flip, too expensive?
Hello BP!
I'm in the process of trying to get out of analysis paralysis and actually jump in to some house flipping. Unfortunately homes in the DC area are ridiculously priced unless you invest in "at risk" n...
Larry Flanagan
Can I salvage this deal?
I locked up a good deal last week and had it wholesaled in a matter of hours for a $20k profit. The seller was satisfied with the deal at the time of signing, however, one of the "buyers" on my list was competing ...
Alex Brown
No Rules for STRs But Zoning Says They're Illegal. Now What?
I've been interested in using my home as a short-term rental (STR) property so last week, after watching this video from James Carlson and Erin Spradlin, I called the Department of Planning and Zoning and spoke to the...
Casey Cu
Depreciation on Fixup
Hi, Purchased a foreclosed property, ready to rent n 10/15/07
I redid most things...
Here is how I planned on depreciating, but called IRS to ask a question, and they seemed to imply that all of these should be adde...
Samantha Lanphere
Should I use a general contractor for my first flip?
Is it a good idea to use a general contractor for your first flip(s)?
What is going to be the average percentage that a GC will charge?
I would prefer to use one on my first flip(s) however my business partner wants t...
Jarrod Rayner
VA Loan and a military transfer, How do I get another house?
I bought a condo for 262k of my 417k VA Eligibility, I'd like to by another home at my new duty station (PCS orders). I'm trying to buy a home or two at each duty station until I leave the Military, I also am having a...
Harvard Hill
My First Flip
I’ve been dreaming of flipping a house for the last five years or so and trolling the BP forums for the last six months. BP was a big factor in getting me comfortable enough to pull the trigger and buy my first inv...