Troy Michaels
Subject to land trust questions
couple questions. i know these are basic simple questions, but wanna make sure:1. if you use a land trust to close on a subject to property, does the trustee sign on behalf of the trust on the deed you get from the se...
Michael Ketchen
Deal Analysis help new construction
Hi All,Looking for input on potential deal I am having a hard time evaluating if the numbers work or not. Any and all help appreciated. Two 1+ acres lots already approved to build (All docs have been reviewed by my at...
Eric Neal
Looking at a property in Cortez, CO
Hi, everyone. I'm looking for insight on a property I might be buying through my IRA with a 50% loan. That means no immediate tax benefits. Please see the link below for my assumptions. Am I anywhere in the ballpa...
Kenneth C.
Practical/Impractical Request by Seller?
BP Community,I'm looking to get some feedback on what I perceive to be an impractical request, and may put me at risk of losing a significant amount of capital. So here's the scenario...An AOS was signed by all partie...
Carolina E.
What is your criteria for screening RETIRED applicants
Hi BP. Regarding retired applicants, do you still have to keep with the same qualifications? Do you keep with the 3x income? I have an applicant that only has social security coming in and said they recently sold the...
Dennis Cerf
Newbie trying to get started
Hello I am looking to get started in investing in real estate but I have a issue. Starting from scratch---I bought my first home almost 10 years ago, my plan was to stay in it for 3-5 years Refi to get my bills lower ...
Tim Robinson
Advice on using funds from a SEP IRA to fund deals?
Hi All,I've seen some sporadic posts on this topic on the forums from time to time, but I am hoping to get some guidance on how to use funds from a SEP IRA to fund deals. I know this is undoubtedly a question for a CP...
Rick Jones
How to write off general business expenses with several rentals?
Hi All,So might be a stupid question but here goes... What is the best way to categorize expenses that are for your overall business operation when you have several properties? For example say I purchase a printer, st...
Shelton Covington
Investing in real estate doesnt make sense
Hi!I'm putting together a sizeable project, and I'm preparing a budgeting and projecting cash flows. The math seems to fall a little short of what I'd expect, and I'd love for someone to pick it apart or give me some ...
Erik Pacpaco
tax write off to look at properties
Just wondering whether you are able to consider a trip to California a tax write off if you schedule a meeting with a real estate agent to look at properties? If so, what kind of documentation would i need?