Claudia Mexicano
Rehabbing a property under creative finance
BP forum, I have questions and I know you have answers! Althought I'm always reading the latest blog, this is my first time posting on BP.
I will post my current dilemma, if anyone has had a similar situation...
Kevin Bridgeman
Buying new home, converting current home to Investment Property. What is the best way to do this?
I currently live in a 1100 Sq. Ft. house in a small neighborhood. I purchased the house 3 years ago for $122,000 and still owe approximately 95% of its value. One of my coworkers is retiring and moving to Florida. ...
Jason Cotner
We want to buy a home that we rent.
Hello all, We are renting a home and fell in love with it,the problem is that it is for sale and there has been a spike in interest in it lately. Our son has really grown attached to our home and we really do not w...
Kevin Fletcher
Where to Keep Cash Between Projects
I was thinking of selling a 3-plex I have in Denver. I will not be able to reinvest the money for a few months after the property is sold. So, I have a simple question: Where do people keep large sums of money in b...
LaShelle S.
Moving from Virginia to Tampa, FL
I'm a newbie working on starting my wholesale business and now it looks like my job will be transferring me from VA to FL in Sept. Does anybody have any advice on what I can do to hit the ground running once I move...
Fredy F.
Wholesale practice scenario
Hey guys I wanted to share an example with everyone if its a "good deal" to wholesale to rehabbers.
3 bedroom 2.5 bath 1800 sq. ft 8800 sqft lot
Current Value: $200,000
LTV: about 72%
Homeowners owe about $80,000 o...
John Thedford
Disclosure Of Member Of RE Brokerage LLC Required In Any Transaction?
Scenario: RE Brokerage is set up as an LLC. Members of the LLC (not managing members and not licensed as agents or brokers) want to buy, sell, flip, etc properties some of which may be discovered through the RE broker...
Michael Archard
Real Estate Commission: 4% vs 5% vs 6%
I have always offered 4% agent commission on the sales of my flips and personal residences (7 deals and counting) and have been able to get over asking price on 5 out of the 7. I have been told by a few real estate ag...
Collin Hays
Impact of Biden tax plan on STR investing?
With a Biden Presidency, taxes on on everyone making $400K a year are going up. There is speculation that the "only" 20 percent capital gains tax will go up, and in fact, for folks making $400K a year, capital gains ...
Jennifer Schultz
STR rule of thumb for the cost of the home
HI All~
We currently own 2 vacation rentals about 45 minutes from us. I self manage both. We are starting the process of looking into other states down south to purchase a STR and to use ourselves in the winter. A...