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I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...
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I'm setting up my expense spreadsheet "run the numbers" on the properties I'm considering. I've notice that different regions use different number (and I should imagine different types of properties should as well). ...
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Bought my latest rehab in march. It's about 40 miles away from where I live. Called my broker to get a current market analysis. Trying to decide to rent or flip? Should be finished this Weekend. This has been a weeke...
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Hello all, this is my first post on the BP forum - awesome & very resourceful website btw. I'm looking for some advice/guidance on what my partner and I should do with one of our properties. It's a 3BR condo we ...
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Recently, a mentor of mine did a flip in Lakewood and the property didn't have a garage or pad. He had both constructed (2 car), but said he didn't get much out of it as far as ROI is concerned. It seems that most hou...
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HI BP. I've been presented with an opportunity to manage 1 to 4 single family homes in my home town. What do you think a fair price would be? I've been asked to collect rent, manage contractors, rent apartments etc. I...
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background:
About 2 years ago a commercial broker whom I know through friends showed us a building he had as a listing. We liked the property and entered negotiations with the seller. As it turned out, when w...
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Hello,
I am currently in the process of buying my first buy and hold investment property. I am in the York, Pa area and the purchase price would be $25k with an additional $3k in closing costs. The un...
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As a new investor in Orlando, I am having a really hard time getting in contact with general contractors. I called about 10 from Angie's list and left voicemails, and only got a call back from one, who ended up not be...
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Hi,
If you are entering an owner financed loan, can you ask the current owner to transfer the current rental deposits over to you, or can you leverage it towards the down payment? I know in some states you are requi...