Account Closed
Best Cash Flow
Hello BP! I have a client that owns a rental home here in San Diego since the 70's she is ready to do a 1031 exchange and will have 400k after sell. She is retirement age and doesn't want to deal with property man...
Jacob Kline
Property under contract and tenant won’t allow showing
I’ve got a property under contract, it’s a preforeclosure and I’m trying to wholesale it. This will be my first wholesale deal. The owner lives out of state and his daughter is living in the property (I’m assuming ren...
Angela Montgomery
Grrr! Still can't find an agent!
Im really about to throw in the towel with finding an agent. I think I'll just keep working on getting my license instead. Just had an agent tell me that she probably has another agent that could help me with my crite...
Mark Yuschak
Bookkeeping - what's your approach?
As we acquire more and more (mostly buy and holds, but also some rehabs for a quick flip) it's becoming more and more of a hassle to keep the books.
I am yet to find an adequate piece of bookkeeping software which re...
NA NA
Realtor to contribute 2 % of his comission to our deal..
Can a realtor include part of his commission to our deal in escrow?
I like to look at houses but REALTORS are so '' busy'' to show them and after 2nd house they show you its too much trouble for them.
...
Vincent Townsend
First Deal Success Story!
Hey BP, Im super excited to share with you my first deal! I'll include as may before and after pictures and I can.My brother and I partnered on the deal and got a standard loan with 20% down. This is a long distance r...
Kevin S.
CFP or CPA
Hi BP members,I want to use my 401K for REI. I looked into SDIRA but prefer to do a Roth conversion (pay taxes) and then invest in RE within the Roth. I am able to withdraw without penalty. Has any BP members done ...
Chad Coleman
Advice on bidding on Deceased Owner Property at Trustee Sale (County Steps Auction)
Hello all:I am interested in bidding on foreclosure property but did a quick research and found that the owner is deceased 6 months ago and no probate case in currently open, the deceased owner was a single person per...
Paul Stout
What Happens to the Security Deposit at Sale?
What happens to the tenants security deposit if I purchase a multi family building with tenants already in it. Do I get those from the previous owner? Do I have to factor that in as a cost of purchase? Is there a s...
Amy A.
Met my $100k cash flow goal!
A few years ago I set a goal of $100k of rental cash flow per year. This month (it's only Sept!) I made it! Started in 2007 with a 5 unit, another 5 unit in 2008. Tried to sell around 2010 due to frustrating tenant...