First time investor looking for multi unit property. I can possibly get financed through a bank, but the 20% down payment would be a challenge. Any suggestions?
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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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Just wondering if there could be any issues with unknowingly renting to illegal immigrants. As a landlord, are we responsible for inquiring as to their citizenship? Could we get into trouble legally if we don’t?
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My wife is adopted but met her birth mom some years ago so we do have contact with her. The birth mom is a very shady person who does a lot of highly questionable things which is why I'm asking this question here.
Th...
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Hello all, my question is pretty basic but I cannot find a good answer online.
How much will I pay in capital gain taxes?I have a triplex that I bought for 200k 6 years ago, I refinanced to take cash out and now I o...
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Occasionally I see people who invest in Tax Liens or you hear on the ratio 'Invest in government guaranteed tax foreclosures blah blah guaranteed 1,000,000% return on investment'.But I am interested in what/how people...
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Hello,
Insurance has always been difficult for me to understand and I feel like it's all a scam anyway (since they always find ways out of covering stuff). Can someone explain to me the difference between having a $1...
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Hi!I own 3 properties (5 units) in Arkansas currently, but I live in California. I would love to know if anyone has advice on where I should set up my LLC? I would like to do a couple of flips in the next 6 months and...
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Hello BP friends and family,
For the last week or so I have been working on a deal that was going to the foreclosure auction. I have attempted to heed all of the advice given here and also from others outside th...
Hello BP,Like many I have been on here lurking for a while and finally decided to address something here that I need your expertise on. I discovered wholesaling last month and its all I can dream about. Motivated I de...