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Do i have to pay income taxes as a wholesaler?
Hello, i am starting out in wholesaling and hoping to start my first deal soon and was wondering, do i need to pay income taxes on what i make?! Thanks
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We pay 2x the commissions for quality referrals. Do you?
New Jersey (Monmouth county, Ocean County, Middlesex county)....I have a question.... I am now paying my Wholesalers and Realtors that bring me great deals commissions/referral fees twice... Why not if it is great dea...
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First Purchase
I'm considering putting in a bid on a HUD home in my county. Its a 1248sqf 3/2. Its listed for $104K. What would be a good bid price?
This would be my very first home purchase/investment deal, but I think it ...
Michael R.
Is Flipping Illegal?
Is flipping illegal? Flipping in the form of buying a property and then reselling in the same condition you purchased for a profit. In one city I invest in it looks like it is illegal. Was wondering how this could be...
Ryan Mudry
Insurance on "Lease Purchase Contract" properties?
Quick question, in Rich Dad Poor Dad Cashflow Quadrant he outlines a "simple" strategy for becoming the bank, where you purchase, then resell a home using a "lease purchase contract". Do you / should you / can you, in...
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How can I explain what I do to the seller?
A homeowner in pre-foreclosure called me and asked me what I do and I answered but he didnt understand. He asked this:How can you rent or resell the property if I will still be on the mortgage? And he asked how I w...
Daniel Roman
Dedicated volunteer looking for a REI to work for
Hello BP. I am a 23 year old that is passionate about learning about REI. Specifically on how to Rehab and resell SFH. Currently I don't have much experience besides learning here on BP and educating myself through bo...
John Acheson
How to cross-collateralize notes, business, car, etc.
Striking out with bankers on asking for a cross-collateralized loan:on two notes I'm carrying, a longtime reselling business,UCC, inventory, cash/CD and free & clear car.
Philip Greninger
Creative financing options/considerations for buying inherited property
Recently inherited property with siblings. Looking for ways to buy out other siblings (who don't want to retain the property) without having to resort to conventional methods (e.g., traditional bank loan) given today...
Sam Tright
Land condos vs minor subdivides
Hello,
I am looking into land condos as an alternative to platting and approvals required by a minor subdivide. Are they generally faster? Do rural counties know how to handle them, or do these applications cause mor...