Zach Westerfield
Legal/Tax structure for rental income paying medical bills
My grandmother is aging and currently in an assisted living facility. In order to cover the cost of her care, my mother has rented out my grandmother’s home. I am trying to help her put the home in the correct entity ...
Rich Weese
At what percentage do we reach the point of no return?
According to the latest statistics we have now reached the point in this country where 49.5% of the population pays zero income tax. I'm pretty good at math so I've come up with the number of 50.5% do pay some income ...
Account Closed
Liability Coverage for a Flip
Curious to get opinions on insurance coverage for a flip I am working on. It's a single-family house. Total gut to studs and subfloors. When I closed, I bought a Builder's Risk policy for the maximum amount I could lo...
Liz Ridgway
Best 401k Rollover Option to Allow RE Investing
As I grow more educated in the area of personal finance and investing, I am realizing that the $$ sitting in my 401k could be doing much more for me. I am 36, $140K fully vested in my company 401k. I do have other s...
Landen Ward
Wholesale contract explanations
I'm new to the Wholesaling idea and have done a little bit of research. So far I have come across numerous articles saying how you "negotiate a risk free contract" with the seller, only to sign the contract off to the...
Chris Jensen
MLS vs FSBO (Agent vs Lone Wolf)
In another post, I explored how people felt about buying FSBO properties and whether FSBO properties were shunned. Several comments in that thread dealt with cons of FSBO and pros of realtor/MLS. So I thought I'd crea...
Ed S.
New Member from Indianapolis, Indiana
Hello BP. I'm new to the site. I learned about BP from the BP Podcast. I have been going through the podcasts for the last three weeks and have listened to episodes 13-37. Josh and Brandon have done a fantastic job...
Pat Jackson
Question about due on sale clause?
I know this is talked about a lot, my question is a little different.I'm in the process of setting up a Series LLC to protect myself. I'm working with a particular lender that is very investor friendly. I'm preappro...
Dan Gheesling
Delinquent water bill from evicted tenants - what do you do?
Hey guys.I've been in the business for about 7+ years - and am looking at trying something new for water bills with my tenants.The best thing is with the City of Detroit. They have a water affidavit that puts the wate...
Account Closed
getting started with performing notes
I've owned a couple of rental properties before. I've been thinking about buying another, but a friend suggested I look into notes instead. I'm most interested in buying performing 1sts for cash flow, and I will be bu...