Account Closed
First Cash Out Refi Deal
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
Skylar Blades
Miscalculation on mortgage?
I'm newer to real estate investing as well as new to buying property. The market I am in is very competitive and fairly high to get into. So the problem I am running into is the monthly payment on the mortgage being ...
Terry S.
Jersey City Tax Lien Sale
Hi forum:Went to Jersey City tax lien sale today, and I am sure I must have missed something here.It was an accelerated sale, which means unlike regular sale for the previous year, this sale will clear all delinquent ...
Robert Watts
CPA (with real estate experience) in or around Ogden, UT
I am looking for a knowledgeable CPA to talk to about the ins and outs of real estate tax. My wife and I started flipping houses, we are on house number 3 at this point and want to ensure all of our ducks are in a ro...
Russ Maynard
Cash Flow Market List Question
So I just perused the 100 cash flow markets posted on BP at https://www.biggerpockets.com/...
I get that these are averages and rules of thumb are just that, but I only see 5 passing the 1% rule of thumb for RTP. Wha...
Mark Sewell
HOA Liens in Texas - how do they last so long?
How is that people have HOA liens for years and years? I see some on the list in Houston that have 15+ years on them. How do these not get sent to tax auction? I guess some do eventually, but I don't get how they c...
Gerardo Lewis
Costs needed to keep in mind for a flip
So I'm working on my first flip right now and I want to be sure I am taken into account all the costs I should keep in mind.1st Loan amount2nd rehab cost3rd holding cost4th selling costis there anything I'm missing?
Account Closed
IRS imposes $50 Penalty (to you?) if your 1099-MISC/S is missing Contractor's SSN/TIN
apparently in all of USA, per IRS.thus all the more reason to REQUIRE, per IRS, of all your contractors/subs, their corect SSN/TIN, as a condition of hire.what should be used to request it, litigiously, then? a W-9...
Ryan McDonald
To Sell or Not to Sell - Las Vegas SFR
Long story short, I have $200k equity in a property that might be better utilized. I purchased my first primary residence in Las Vegas in 2009 and lived there until I build a new townhome and moved out in fall of 2020...
Jason Sinclair
BRRRR Report Fail - Necessary Update Suggestions
I think the BRRRR report is a good place to start, but it is missing A LOT of the important metrics the pros (like @Brandonturner ) use to define successful deals. So I find it really lacking for what it portends to d...