Chris John
Partnership structure question
Hey allHere's my and my brother's problem. We "share" 11 rentals. 5 in my name and 6 in his. We know it's 50-50, but the IRS doesn't agree. We have been looking at strategies to get this taken care of without taki...
Joseph Micheal
Financing Illegal Duplex
Hi All!I am looking into purchasing an illegally zoned property (currently used as MFH and zoned as SFH). I spoke with a loan officer who had some concerns that the discrepancy in zoning may derail the deal and leave...
Todd Snyder
Off market contracts
I just sent out my first wave of direct mail and got 2 responses. This is my first off market deal and I'm curious on my options on coming up with a contract if they agree to sell at my desired price. Is it possible t...
Ashley Lovelace
Parent as private lender: closing docs and AFM
My partner and I put in an offer on an investment property yesterday. We had gotten pre-approval for an conventional investment mortgage. Well, after putting in the offer, I found out that for this type of mortgage gi...
Rhett Kelton
Constructing a new Mixed-Use building
I'm looking to see what positives and negatives you can see in this project. (From the lawyer: This is NOT a solicitation for funds. We are set up as a 506(b) corporation)I purchased a FSBO in a up and coming neighbor...
Andres Perez
Question on Cash Offer for Texas SFH from unknown investor
Hi All,Hope all is well and happy Friday! I have a cash offer from an unknown investor for a property I own in Denison, Texas. He texted me out of the blue, as others had in the past, but this one investor did follow ...
Elizabeth Schellhammer
THREATENED YET AGAIN WITH A LAWSUIT
Hello BP Community,HOW DO WE DEAL WITH THE TENANTS THAT MAKE US CRAZY?!??!?!?!!? I have been filled with anxiety for the past three days and it is emotionally exhausting. My husband and I accepted a retired couple to...
John Green
Virtual Closings... anyone?
Anyone been doing these or been wanting to do one? Seems like a no brainer but not seeing many folks doing it.
James Charlot
Contract form to send offer
I am looking to buy out of state and I am from New Jersey and the property is located in Indiana. The property is off market, and my question are, What form or document should I be using to send over an offer New Jer...
Dan DiBiase
Buying Home in Philadelphia
My son wants to purchase a home in Philly, a 2-family. I'm licensed in NJ and I spoke to an agent in my office who is licensed in PA. She advised that many listing agents in Philly prefer not to deal with buyers agent...