Brian Scott
DFW 203k Consultants and Contractor Referrals
Has anyone done an FHA Standard 203k rehab in the DFW area recently? I'm looking at a HUD property that will only qualify for a 203k loan and am looking for lenders and contractors that specialize in this arena. Due t...
Peter Pettersson
Tenant removal process in Los Angeles (San Pedro)
Hi all,
Situation: Have an accepted offer for a fourplex in San Pedro. Walked the property and its a complete redo outside and inside (mold, water damage, sewer issue, etc). The numbers are tight. The construction ...
John G.
Real Estate Company vs Real Estate Consultant
Good Day BP, As you can tell I'm in the early stages of my REIcareer, however, I am focusing tonight and this post on how I present myself to the local public. I am beginning to use networking and communication to sta...
Michael Soll
Ethics and trust nobody can talk to this man.
Their is a commercial property for sale as an off the market listing. We put an offer in and all of a sudden the sellers agent says he has another offer, better than ours. Problem is, this agent, NOBODY wants to work ...
John Rosselli
Texas Law and Selling Real Estate without being a Realtor
I have been buying, selling, rehabbing & flipping as an LLC in Texas. I plan to incorporate and turn up the heat. Do you have to have a Real Estate License in Texas to Sell Properties or simply have a Real Estat...
Oyin A.
Developer Joint Venture for new Starter
I have a small rental portfolio in B class neighborhoods in the Northeast, and now looking to get into small size (16 units a year) development projects in the South Jersey/Philadelphia market.
The goal is to build a...
Caleb Anderson
My partner paid all cash- Set aside $ for vacancy?
Hey BP Community!My partner paid all cash for the buy-and-hold we are working. Without getting too far into details, he's providing capitol and I'm managing the deal and tenants. I have been estimating putting 5% towa...
Peter Lee
Tax question on acquisition fee
I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with. How is this acquisition fee classified tax-wise? Is it ordinary income? ...
Griffin Fehrs
Making the Close..
This week, I have had two similar situations pop up.On two different occasions, I have made offers on off-market leads where the sellers had a sibling they needed to consult with. Ironically, neither seller speaks wit...
Tristan Sparks
Seller Financing Contracts
New investor here with my first deal under my belt!
Now it's time for number two. Had the opportunity to do a seller financing deal that fell through. Ultimately, I'm glad it did because I didn't know as much about s...