Mark Rogers
Probate & statutory restrictions on sales price
I'm looking into direct mail marketing for probate leads and ran across an Arkansas state statute (Ark Code 28-51-303) which states in part: (2) (A) If the sale is to be at public auction, the property shall be sold f...
Kenneth Sesley
Wholesaling
Hi. My name is Kenneth and I'm new to wholesaling. It's great to find BiggerPockets.com. I have a question regarding repair estimations I was told by my guru to simply estimate on the basis of square footage exampl...
Adrian Smude
How to pick an Attorney
I'm at the point to find an attorney to go forward with my business. I plan to meet with a few very local ones today before I check the bigger city (Tampa, FL). I have a small list of questions I've come up with but...
Jack Phillips
Running Comps - Wholesaling
Hi everyone. New wholesaler here. I was wondering how I figure out the ARV, comps, & estimate repairs of a property. Is there a certain formula? Can someone help me understand? Thanks
David Green
Loss of use/rent coverage DENIED due to turnover
There was a fire in a Chicago condo that I have been using as a rental unit for 5 years. Insurance is refusing to pay for "loss of use" since I did not have a tenant in place during the actual loss.Is this common pra...
Chris Eaton
Knowing your market?
I'm a total real estate newbie starting out in wholesaling, and one of the most common pieces of advice I see is to "know your market." In general, that seems like obvious advice. You do need to know what is happeni...
Jonathan Taylor Smith
Mortgages in Personal Name versus Business Entity
My first 3 properties were financed with 30-Year Mortgages (@ ~4.5% Fixed) in my personal name (Yes, I know... Bad, Bad, Horrible - Worst thing I could possibly do); and my $300K Liability per property + $3M Umbrella ...
Ronald Hunt
Creative Financing 2
Hello BP fam!I wanted to create a forum to hear from you on what are some of your favorite creative financing techniques?Feel free to share!
Alex Shaughnessy
flipping w/ a partner
It is my understanding flipping houses is taxed at ordinary income. If the house is held for one year then it is taxed lower. Is this true, and if so, would it make sense for my partner and I to flip the property, ren...
Account Closed
Corporate Structure Strategy - Thoughts?
Hi all,I've mainly focused on fix and flips over the last couple of years but am currently moving into more of a hold and rent strategy. I'm looking to discuss corporate structures with a local attorney but have been ...