Paul Amegatcher
A $12K wholesale deal 6 months in the making.
This deal started in July 2016 and required a lot of moving parts. Here is the back story on the property in question. The previous owner purchased the property for $132K in 2005. He had some financial problems dur...
James Tedrow
Joe Biden wants to trash the 1031 exchange
What do you all think about Joe Biden's tax plan and the elimination of the 1031 exchange?Moderator Note: This post turned into a political discussion, which is not allowed per our rules. This thread has been locked. ...
Maranda Tucker
How much $$$ did you have when you started investing?
My husband is convinced we have to be making $200k + a year before we can start investing. I KNOW that isn't the case. I have met a few that started with very little and built their empire over time. When you first st...
Evelina Khaimova
My lender didn’t rate lock on time and rates went up
Hi guys. Can any actions be taken against the mortgage broker for not locking in my rate when the rate was still low? We have been trying to refi since November. We are in March and we have submitted everything they a...
Kelly Byrd
Living in CA, investing out of state. Where to form LLC?
I think I have a simple enough situation that I won't require advice from a asset protection lawyer, I'm hoping some of you are in a similar situation and can pass on what you have done.My wife and I live in Californi...
Henry Lazerow
The new NAR rules have actually made buyer agent commissions go up not down
Here in Chicago commission have typically been between 2 and 2.5 percent of gross sale price but now with the new rules I have not met any agents willing to take less then 2.5% so what has happened is the listings tha...
David Young
Should I do this deal? (8-unit apartment building...numbers included)
Hi BP,I found an 8-unit apartment building for sale by owner on craigslist. I've been studying real estate and reading/listening to BP for about a year and a half, but have yet to do an actual deal. I wanted to run ...
Joel A.
California Eviction, chances of recovering judgement
So I’ve been dealing with one of those ‘tenant from hell’ types for the last couple years in my SFR in Moreno Valley, CA.
He’s been violating city codes by illegally operating an auto repair business on the premise...
Marcus Cox
What to do with 20,000 cash?
I've recently came into a few dollars and I have been interested in multi family small apartments. Any suggestions would help,Such as a broker that specializes in the multi family arena. I reside in Knoxville TN. By t...
Kerry M.
Why a 7 year loan?
Hi - I have spoken to two bankers. The first is with a major bank who was talking about a 20 year mortgage. The second, a local smaller bank, without an application and over the phone, mentioned a 7 year 'abundance ...