Amiris Brown
Low balling for $100,000 off market value, possible?
If a house could go for $320,000 as is in market value how would someone go about contacting the absentee owner losing money as a rental with $50,000 worth of repairs, with an offer no higher than $220,000 but honestl...
Jordan Archer
Question Regarding Reserve Accounts for Syndications
Hi BP,When using syndication to purchase an investment property, I understand that you would normally pay your LP's between 8% - 10% preferred on their investment, and then split the excess (somewhere between 50/50 - ...
Sean Holland
Deductioning work vehicles/trailers?
I already have a primary vehicle. I want to purchase a secondary work truck (20k) and dump trailer (7k). Trying to figure out how much of these purchases I can deduct. Also, what other deductions would that cut into (...
Lamon Woods
Was this an great investment for my first property at 25 yr old
I bough my first property an 25 years old two years ago in 27 now the property was an double wide mobile home 1580 sq ft 3br 2bath I was renting for an year for 550$ an month an I knew my dream an passion was to own r...
Hayden H.
First Flip - 225K profit, more luck than skill on my end.
Hi All,My partner and I completed my first fix and flip in Berkeley CA. He is a contractor/investor who has done a few flips and I'm just a guy who is interested in real estate. I studied the market for more than a ye...
Saraan A.
Best Way To Finance A Deal
Hello Everyone! I apologize ahead of time for the long post.I am a complete newbie so please bear with me. I would like to begin property rehabbing and flipping. I have been reading the BP forums, listening to the BP ...
Samuel Coronado
Small balance land deal
I have 5 acres pending contract. The seller and I are working the terms. It's either 10k down and 50k balance that she owner finances to myself until I can build a house and sell it or she will do 50k if I can get the...
Matt C.
Owner Financing 101, so I can understand the Dodd Frank threads
I have been reading the many Dodd Frank threads here on BP. Opinions seem to vary dramatically about the impact it will have. I have an interest in owner financing, etc. so I am eager to understand the new regula...
Jason Long
1st Flip - Anderson Co SC SFR
I viewed six properties after vetting listings before finding this one. REO 1300 sq/ft 2 Bd, 1.5 bath 70's ranch in a nice neighborhood/location that's desirable according to several RE agents. Converting to 3/2.5, re...
Nate W.
First Rental- basic math
First investment property. Choosing between two newly developed units in Utah. 15-yr mortgage. Breakdown: SALT LAKE COUNTY (near main I-15 freeway):2-bedroom: $220k (not including any other closing fees), projected mo...