Elif Erguclu
First Investment, is FHA holding me back?
Hi everyone,So I'm working with an agent to find a property that I could live in for a year (FHA requirement) and rent out after my year is over. I'm using Brian's "house-hacking" strategy using an FHA loan and I alre...
Jason Jaros
First Time - Should I do a 'subject to' sale?
I'm having some difficulty finding traditional financing for a single-family property. My mother-in-law is selling it to me for what she owes, which is only 32K (ARV is about $130K). Unfortunately, I've been told by 3...
Shari Peterson
Are you losing short sales because lenders are choosing foreclosures over short sales?
I read this post on Short Sale Daily News (http://shortsaledailynews.com/banks-make-more-money-on-foreclosures-than-short-sales/) that banks are choosing foreclosures because they make more money by making a claim on ...
Jeff B.
Short Term rentals (AirBnB-VBRO) business models
The business model for AirBnB & VBRO is becoming more and more risky every day. The problem is various cities are intervening with new codes restricting what is know as Short Term Rentals(str). Length of stay may...
Michael Hoover
My first 18 loans on 5-year balloon. Is this bad and how should I pivot?
I have been working full-time RE, BRRRR method on single-family homes in my local area for the past 4 years. 22 homes completed- (2 sold) 20 long term rented. My interest for this Post is my lending method thus fa...
Julio Soto
Wholesale
Hey BP Members,
I'm looking to get my 1st wholesale deal done. I'm also shopping around for a RE attorney but most I've talked to don't know about wholesaling. Is their anyone on here from the South Jersey area that ...
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...
Tracey Williams
Title in HML's name
A local HML discuss his lending program at an REO meeting recently and am just wondering if this sounds normal.
When you have a deal:
The purchase and title will be in his company's name at closing and he will then ...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Joe Albrecht
Analysis paralysis
It is becoming clear to me that the risks I am afraid of have more to do with social anxiety, and less to do with the thought of losing money by getting burned on a deal. Is this a common problem and does anyone h...