David Bowles
New purchase, current tenant is not current on rent
Hi Guys! I recently had a seller (another investor) agree to a 45k purchase price (cash) on a house with ARV of 60k. The house had a full gut rehab 4 years ago when this investor bought it. The current tenant is “all ...
Walter Edmondson
Rich Dad Poor Dad/Legacy Education Worth It?
Hey guys,My girlfriend and I are at a 3-day seminar by Legacy Education (using Rich Dad Poor Dad branding) and they are trying to sell mentorship for 16k - 51k$$.Throughout the seminar, they explain the importance of ...
Maxwell Silva
How do I market myself as a new agent?
Hi, I am a new agent and am in the process of signing with a broker for the first time. Besides immediate friends and family who know me, how do I market or introduce myself as a new agent with no experience. Is th...
Brian C.
Subject-To Purchase with free rent to seller for one year
I've never done a subject-to deal, but am working a possible opportunity for one. I put the information below. Just looking for anyone's insights or if they think I've missed anything. Thanks!Scenario: Potential se...
Account Closed
landlord's will need to prepare 1099s
Under the new legislation designed to help small businesses was a small add on that is now going to require landlords to issue 1099s to any contractor performing services like repairs over $600.
http://www.allbusines...
Josh Mac
Where did you start?
Hello everyone,I was wondering if any of you would mind sharing a bit on how you first began,and give a brief description of what you had to start with and how you scaled to where you are now.Thanks!
Scott Sewell
Hampton Roads Anyone???
Hello to all my BP brothers and sisters,An Alaskan multi-family investor here, thinking about getting into the Hampton Roads market, because it's only 4,468 miles away! (so says google)No, seriously, we have family in...
Gordon Cai
In-State Vs. Out of State for First Property (Main Goal is to Learn with Min Losses)
Hey BP. I'm trying to get my first deal done but can’t decide whether to start off in-state or out of state. My primary goal for my first deal is to learn as much as I can but due to how expensive homes are in Califor...
Preston C.
Real Estate Agent Commission
I know this probably varies based on location, but I was curious if any Realtors had tried competing on commission percentage. Or at least used lower commissions to incentivize sellers to use you. When I got my licens...
Will Barnard
Take the Tax Hit or 1031?
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...