Shawn Thom
Sold one and bought one
Finished up rehab #5 (a flip) and got it sold last week.I closed on it Dec 31. Rehab was cruising a long during the first part and we thought we'd be completed early. A few weeks into the project a guy tracked me dow...
David Humphrey
Tricky Question about Bankruptcy Discharge on Property
Hello Everyone!I am seeking some advice from the collective knowledge of BiggerPockets!Here's the situation. I found a commercial property that I want. Amazing deal. I spoke to the owner directly today. He used th...
Jeff S.
How to evaluate capex/deferred maintenace before purchase
I'm in the learning phase before buying my first rental. I'm thinking I will do a fourplex, owner occupied. I've found a target neighborhood where the numbers (1% rule, 50% rule) seem to work and the tenants are des...
Jerry Cima
Survey - Who's funding your deals?
Just want to get a consensus on how deals are being funded, & which part of the deal? My personal friend will be funding 80% of the cost of my first property. I'll be funding 20% plus any improvements. Are you guy...
Mark Fletcher
Flips and Rentals under one business a good idea? Bookkeeping?
I started an LLC for the purpose of wholesaling. I haven’t successfully wholesaled anything yet, but I’m about to purchase a rental property. I expect to still wholesale some properties in the future. I know of severa...
Ruchi Patel
Investment house property taxes
We are in the process of purchasing a investment 2 family house. I would like to know what can be deducted or depreciated from the closing costs expenses ?
Michael Vaughn
Escrow for note purchase
I would like to purchase a note from a company I have been in contact with. I do not know them besides having a few calls with them, they seem legit but I wiring a large sum of money to an entity I do not fully trust ...
Clayton Mercer
Discourage an application
I showed my property to a couple who gave me a story about they are closing in the sale of their home in the next month. There goal is to to down size and would like to rent for a while.Something didn’t feel right so...
Account Closed
Would you rent to this applicant?
Hi everyone,I keep going back and forth on what to do and I need to give this applicant an answer soon. It is a non-married couple. He has a credit score of 610 and a few delinquent accounts on his record. He wen...
Cave Johnson
Finding private investor money
I've been doing flips and buy and holds for a couple of years but still end up using hard money. How do I find a private lender to finance my deals?