Ethan Board
House Hacking or what???
Hi, my name is Ethan. Just started my FI journey and am starting my investing journey. Me, my wife and two kids have a 1600 sq foot home and we pay $1100 a month for our mortgage payment. I know, this is stupid. We on...
Daniel G.
What Happens to Membership Units After Payback
Hi BP Members,My question is simple (I think). What happens to membership units after all limited partner's have had their principal paid back? Assume that the operating agreement states that the equity split from LP ...
Cory Arellano
Tenant wants a rent to own lease
Tenant wishes to do a rent to own lease when their current lease is up on 1 Jan. What should I do with their security deposit? Rollover into their purchase of the home? Return to them? What is the typical terms for...
Richard V.
Purchase or not if appraisal came back low
I am under contract to purchase a turnkey property from a well-known turnkey provider. Appraisal came back $210,000 and sale price was $225,000. Turnkey provider will only come down to $220,000 which means I have to c...
Michael Kim
How does interest rates affect CRE valuations?
I have read that in an environment of rising rates, this would negatively impact CRE valuation. Can someone walk me through this? Also I would love to hear peoples opinions on this.
Jason Fang
Is it Legal to Wholesale in your SDIRA?
Would it be acceptable to wholesale a deal with my IRA? Could I write the name of my IRA into the wholesale contract as the Buyer and issue earnest money from my IRA? I would like the proceeds to go into my IRA and no...
Khrury Cromwell
MORTGAGE LENDER/CLOSING IN LESS THAN 30 DAYS
Would like to know if anyone here has closed on a property in less than 30 days? Or if there are any lenders on here who can close in less than 30 days? I have 10-20 percent down payment, Great credit, and job/job his...
Eric Veium
Silent Credit Partner Compensation
A friend of mine owns a property 50/50 with another couple. The property is worth $1M. Property has 3 units with $4k+ rent potential The couple wants to sell to move out of state. My friend wants to stay on the proper...
Gebson Pinheiro
Advice to reduce taxes selling RE to buy retirement mutual funds?
I have properties that I'm selling to buy REIT mutual funds as I'm nearing retirement (don't want to deal with the hassles). Any advice on how to not get killed in taxes as I make this transaction? Less than $1 mill...
Alfonso Aguilar
My Business Partner died , probate and taxes question
My best friend of 35 years and business partner 10years passed away Oct 2019, Sadly small cell Lung cancer stole his life in 6 months. All the titles and loans are in his name. His wife and I are in good terms and hav...