Ryan Young
Wholesaling house with delinquent taxes
Lets say I have a seller who owns a rented property free and clear but owes 10K in back taxes and wants to walk away with 50K in his pocket. At 60K the numbers work and it is a good deal.
If I have an end bu...
Shane X.
Removing collections from credit report?
I’ve been abroad due to medical reasons. The reason why I did it abroad is because it was cheaper and I had no insurance in the states. I have EU insurance and it was practically free.However, while doing all this the...
Steve Lovelien
Purchasing condo for parents who will rent from us.
Looking for advice on what the tax advantages of renting out this condo. Not looking to make money on the rent, but inquiring as to what our benefits tax wise are? Assuming we set up an LLC and run through that. Any...
Rey H.
Family Partnership
New to BP, so here it goes!I'm looking to start a family partnership with 3 partners. The goal of the partnership would be to develop a portfolio of properties to generate passive income long term through some mix of ...
Yvette M.
Exchange renovation work for rent
Need some input on lease language in a rental agreement.My renovation cost was $50K. I told my contractor that I didn't have the money to pay, because I didn't intend on renting the house for another year, so I could...
Marquell Jones
I'm looking at this foreclosure....
that recently was auctioned off. But no one out bid the original lender, who bought it for 137k, which I think is the rest of the mortgage. The houses is appraised at 200k as is. Hence it's a 99 I don't think it has ...
John Woodrich
Landlords sue Minneapolis over Section 8
Landlords are suing Minneapolis over the requirement to accept Section 8 housing vouchers: http://www.startribune.com/landlords-sue-minneapol...Personally I am not surprised about this and think they may be successful...
Kyle R.
No Credit History
I have had a credit card for about 3 weeks.Other than that, I have no history of borrowing or making monthly payments. (I bought all my cars in cash, I never rented, and never even had a cell phone bill.)I talked to m...
N/A N/A
How much can $5000 be stretched in Edmonton?
Hi guys, heres the scenario:
I live in Edmonton, Alberta and I'm a 21 year old finishing up my first year in college and working part-time (unfortunately thats the only option for college students it seems). I have ...
Robert Orth
How To Structure this Deal
I've got a del I need help structuring. There's a seller who bought a house owner-financed and is now being foreclosed on 2 months later due to some issues and not doing proper due-diligence. I'm planning on buying a ...