Kelly Skeval
Options other than 1031 exchanges to decrease tax implication
Hello. I’ve been in conversation with an owner of a self storage unit who is looking to sell in the near future. We’ve discussed different creative financing options. The option that is most appealing to me and my cu...
Hayden Thomas
Couple of legal questions
Hello, I have a few legal questions.
Can I use the same Deed as a template over and over?
Does that deed NEED to be written by an attorney ?
If I got my RE license can I still market to land owners if they have ...
Charles Comstock
How to buy Second home
Kinda stuck with owning first condo, and now I’m looking to rent out my condo but I need somewhere to live and I’m curious on how I’m going to get another mortgage. I used conventional live in loan at 3% so I think th...
Cillian Kelly
What purchase price are you targeting for your next property purchase?
Do you purchase properties as a function of your savings and affordability or do you target specific purchase price?
Dave Villa
Wholesale vs Flip
My friend and I are securing an off market property in Cincinnati and we are trying to decide if we want to wholesale or flip. Here are the questions we would love to get clarity on:1. If we get the property (for a fl...
Steve Lee
Tax implications on Flipping houses in Seattle
We are rehabbing a house in Seattle and trying to figure out what is the best way to flip the house and pay as little tax as possible on the net profit portion (I assume). The house is under a single person LLC (which...
Caleb Vance
Private Loan Questions
Hello BP,I recently found someone that is willing to loan on my first BRRRR deal. It's both our first time, me using private money and him lending. To keep it simple, let's just say I am asking for 100k loan (purchase...
Weston Whitaker
FL Law/Taxes: HELOC taxes
Background:
I'm considering opening a HELOC to fund a BRRRR. I'm looking for my first deal. I own my Single Family Home in Florida and have some equity I can access. However, my Father-in-law mentioned that he got...
Jake Faulkner
Arbitrage in Austin, TX ?
With the STR operating license guidelines, one has to own the property in order to rent it out for less than 30 days. Does anyone know a way around this?I imagine people or doing it anyways and just gambling on not ge...
Chris Brady
Multi-Family Learning Experience - Converting from STR to LTR
Investment Info:
Large multi-family (5+ units) buy & hold investment in Fort Lauderdale.
Purchase price: $582,500
We purchased a 6-unit building and spent five months on the renovations. All six uni...