Jason Pritchard
Question about a potential 1031 exchange
Hey Everyone,I'm looking for some advice on how to best defer capital gains taxes on my next fix and flip project. I'm partnering up with my brother in law to flip a house that he owns but has been renting for just u...
Brian Gibbons
Negotiating with Home Sellers - Avoiding "Let me think it over."
The upfront agreement - the second step in negotiating with home sellersWell the upfront agreement was designed to avoid some things.What would you want to avoid in a sales presentation?The classic "thank you but I wa...
Daniel Dietz
What Counts as Hours for Real Estate Proffesional Designation?
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
Terry Portier
Builder Needs REI Help
I been away for a while designing my first spec home and forgot everything I learned. I have enough free cash $100K to build my prototype design lot included. What would be the best way to stretch that so I can ke...
Jackson Tate
Pay down to 80% LTV or pay off 'bad debt'?
Hey BP,I'm currently in the process of selling my primary residence and purchasing a new home closer into town. As of now, I'm using the proceeds from selling my home to put down 10% on the new home.Additionally, I ha...
Ray Taylor
Letter of Intent / Offer to Purchase
So I am placing an offer on a Short Sale and I feel like its just too lengthy. Below is the letter of intent, I have tried to make it personal and cover all of the details. Should I split this up into multiple documen...
James Bowerman
How often should I check in on my contractor during the rehab?
I've just begun rehabbing my first flip. It's my first time working with this contractor. We have a good repertoire so far and there's no reason for me to not trust him. I work full time but the property is close to m...
Maurice Mugabo
Need ideas, Trying to decide sell or rent my resindence
Hi BiggerPoketers, I am thinking of moving my family to a bigger residence, on the other hand, I have been on bigger pocket for a while and my goal is to get the knowledge andget ready to be a landlord. I am thinking ...
Nick Murray
Real Estate Syndication
Hey all,
I have an LLC and I was taking over a healthy sized real estate syndicate (Realty Shares) holding. I have the forms to fill out, so it becomes under my ownership but my debate is between doing it under my p...
Faraz M
250k House Paid-Off + 800 Credit Score gets me what ??
Once upon a time I had paid my house off and now I am selling it in order to get the money out and buy a few rental properties, while this real estate market is down ! If my house does not sell what options do I have ...