Brad Bartlett
Advice Needed - Unusual Rental Property - Concrete Geodesic House
I have come across an unusual construction type I am not familiar with. I need some advice. A family friend has offered me a property that may be a great deal. It’s in a major university town in Florida. She wants $47...
Jason Eyerly
If I Use A HML To Fix/Flip, What Costs Can I Expect To Incur?
Hello BP, I'm looking to get started looking for my first property to flip very soon. I will be using a HML that wraps all points and fees into the loan, and hopefully will have no interest payments for the first s...
Karla Talancon
Foundations
I am not familiar with Texas as far as home structures. I am a Californian.I have been hearing a lot about foundations and having to water them? Does anyone have more information and experience with foundation issues ...
Aaron Lippiatt
How do I report income tax on interest earned from promissory note w/expenses?
If I earned interest on a promissory note, but incurred expenses to loan that money, how do I report that?I loaned money to a real estate investor who then used the money to fix and flip a property. He gave me a promi...
Scott Holland
limited partner horror stories
As of right now, I'm hearing and seeing a lot around do your due diligence, but do you all have any bad experiences to speak of? I'm not talking about "oh I was expecting monthly dividends and it turned out to be quar...
Steven Hayes
Selling Our Home With Lots of Equity to Invest in Cash Flowing
Hello BP Group, My wife and I are thinking we are going to put our home up for sale soon. We will have nearly 1 million in equity left over to invest. Our goal is to not have to work full time at our 9 to 5's. Looking...
Mak K.
Partial payment and late fees calculations
I have a consistent situation and would like I some best advices. My tenant pays late (7 days -10 days late) but also pays the late fees. The issue is in few instances, the tenant rent plus late fees but keeps a smal...
Wade Chilcoat
Obtaining "Real Estate Professional Status" as Consultant?
Hi everyone,My wife and I currently live in South Korea and plan on moving back to the USA in early 2019. Right now we own 9 turnkey SFH's and plan on having 24 by the end of the year, maxing out our 20 Fannie Mae all...
Kyle Nield
Thoughts on These Mobile Home Park Numbers
I recently came across a mobile home park for sale, and just wanted to get a few opinions on my thought process here. First of all, this would be my first mobile home park. My brother works in construction just a fe...
Chad C.
How does loan discount point work?
Dear, BP fellows,
I have been looking for investment property loan info for AL and recently get quoted with 30years interest rate 7.625% with 2.125 discount point. So for a property around 200k 20% down, right off t...