Louis Kelley
HUD Threatens To Sue Landlords Who Screen Tenants For Felonies
Hi just read a recent article on IBD regarding HUD looking to enforce equality among all renters - even ones with criminal records. I'm a new landlord so my experience is < 3 months of doing this. For those of you ...
Arda Bircan
Material participation hours for STR Tax Loophole
This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income. There is some confusion about material participation ...
Christopher Gardino
A few questions in regards to a LLC and a real estate business
I have read that in using a LLC, one can create personal protection against a real estate property in the case of lawsuit. Is this true in regards to a primary residence and should I be looking to purchase my first...
Eric Sato
Salt Lake City - Any ideas how to STR?
I am reading that Salt Lake City is a harder city to crack in the STR game... Any ideas on recent strategies / paths to get an STR going up in Salt Lake City. Note, I am looking to do this as non-owner occupied... I l...
Allison Park
Standard for handling appraisals lower than contracted sales price
Hello, I am selling a property and it has appraised lower than the contacted price by $9,000. In this case the buyer is asking for the seller to concede the difference between the sales price and the appraisal price....
Lior Rozhansky
Secured vs Unsecured Seller Financed Note in Addition to FHA Loan
Hi BP, I'm currently structuring a deal which I need to present to my seller tomorrow. Essentially, my seller is willing to do some owner financing in addition to the FHA loan. I will obviously disclose everything to ...
Jolene Desmond
Your Commercial Property is insured. BUT ARE YOU? 3 STEPS TO TAKE
Insurance Loss proceeds can be some of the hardest to get reimbursed from your lender. I have seen loan documents that were written so that the investor had no possible way to ever access insurance funds - but they st...
Account Closed
Growing Solo 401K via Note to Trustee?
I have a self-directed 401K (solo 401k), and purchasing real estate for buy and hold.
However, I would like to grow it by taking after tax dollars (W2) and issuing myself a promissory note of 50K but instead of doing...
Sonya Brown
Using RE formula for wholesaling
Im a new wholesaler and get really frustrated when I use the formula/wholesale fee. My offer always seems to come way too low. Att least it appears that way to me. Ie.asking price-$150KARV-$70KAfter repairs,wholesale ...
John Morgan
Should I focus on rental or continue pursuing other investments?
Hello BP!!! I am currently conflicted on a current situation. I am in the process of rehabbing a rental property and although this situation is currently moving along smoothly, I am at a dilemma if I should focus all ...