Michael Myers
Bookkeeping for Master Lease Option
Hey guys, interesting situation here. We just got some properties under a master lease option. We paid the lease option down payment and are taking over operation. We structured the contract in such that we realize th...
Eamonn Kerley
Lien Backed NFT - Loansnap
HI,
New to the forums and looking to own my first investment property in the next couple months.
One of the avenues to secure some extra cash I am seriously considering is a HELOC type loan offered by Loansap. The...
Blake Collier
Aging On-market Rental, Creative Finance Pitches
There’s a rental in my area that’s been on the market for almost a year. It has great bones and I’d love to approach the owners with a creative finance option. Current value is approximately $500K and from the tax r...
Denis L'Huillier
JV Agreement 3 party - First time questions
HelloI'm considering an opportunity to work with 2 other partners to buy a knockdown and build a vacation home to flip.The 2 other partners would do the labor. One is a reputable home builder in the area and the othe...
Todd C.
First few 'Preliminary' Phone Calls
Hey all -Long story short, I was able to locate people that have vacant homes in my area (which are I believe for the most part trying to rent out the properties). I was able to locate some of their phone numbers and/...
Benjamin Hovig
Pre-Foreclosure - Owner Deceased
Hello,I am interested in everyone's feedback on the following:Property is a Pre-Foreclosure. NOD Filed 2 months ago. Sale date scheduled for 2 months from now. Loan amount is considerably lower than market rate.It ...
Ryan Fellman
SEO vs PPC (Digital Marketing for REI) Beginning Stages!
I'm a do it myself kinda guy. Build my own sites. Do my own SEO. You name it... I've been through a lot of the trials and tribulations in online marketing. 17 years to be exact.I never really got into direct mail b/c ...
Sam Y.
What would you do with a Promissory note with Ex-tenant?
Hi BP community, I would like to get your opinion on a promissory note from my ex-tenant, It's like an IOU.So the story is in California back before 2009, I had an ex-tenant (single mom+kids) that I was too nice to a...
Jimmy Kiefer
Just bought 1st property! Financing type question
I just bought my first property and will be taking out a loan for $115,200. I am torn between a 15 year mortgage at a lower rate and a 30 year mortgage. A 15 year mortgage costs $60,000 less in interest but reduces my...
Freeman Schultz
Tax and the LLC
I heard that if you are a sole member LLC that you must pay income tax on the money that is in your accounts. But you will pay less taxes if there is more than on member. How does this exactly work? Does having an LLC...