Bryenne Korte
Taxes Associated with Flipping Houses
Hi BP! I'm hoping someone can shed some light on some general tax questions as it relates to fix and flips. I've read several posts and have spoken with a CPA, but I'm getting conflicting and spotty information. I'm v...
Sam H.
From the Deal to the Closing table , and everything in between.
Hey everyone! Lets say someone is wanting to provide investors with wholesale deals, while also offering the next steps in the process such as contracting the rehab work to get done, overseeing the competion of the re...
Tanner Trokey
Finding an attorney and investor friendly titel company?
I'm in the St. Louis market and have some contracts that I have downloaded from numerous sites that I just don't fully understand. I hate the seller to ask me question about my own contract and have me not be able to ...
Herb Mitchell
Buy and Hold for rentals vs Flips
With the REO prices on the increase, and wholesale deals harder to find, I am at a point where I need to decide if I had the funds to purchase rental properties vs. flips were the margins are not as good. I am using I...
Alex Smith
2% Rule Calc on BRRRR
On the BRRRR Report, I see that the 2% Rule under the Financial Info section is a percentage. How is this calculated?My understanding was that the 2% rule was equal to 2% of costs. So, how can the result itself be a p...
Erica Quarles
Lost the Contract, Hard Money and Refinance
Hello All, I just want to thank BP for all the good information on this site. It has been the reason why I jumped in head first. I found a great first house to flip in a great neighborhood. I used the flipping calcul...
Randy G.
Just closed on a private investor
So yesterday was a great day!! We had a lunch meeting with potential cash investors. They said yes and want to give us 200k for 6-8 month loan 9% interest for our next flip. My first thought was I could use 200k for a...
Pat Arneson
Rehab Costs and Holdback
If I intend to fund the rehab with my own cash, do I need to disclose my rehab budget? I’m seeing lenders holdback this amount. It’s showing as increasing the loan amount although monthly interest payment stays the sa...
Eric Moeller
Leasing homes to then sublet through Airbnb? Viable business?
Hey all!I wanted to get this conversation started to see if any investors out there are currently sandwich leasing properties for the main purpose of subletting through Airbnb. I came across a landlord who is looking ...
Doug Eric Gueirn
Using Real Estate Agents, Brokers and Realtor as arbitrage buyers...
How possible is this strategy for finding solid buyers? Hello, I am new to the Real Estate investing, wholesaling business and I am not sure how possible it would be to use agents or brokers to buy new properties that...