Aiden Lamb
Do you need a license to assign contracts in Michigan?
Hi BP, im a newbie here and I really just want to know if a license is truly needed to wholesale in Michigan. Even if you're not actually buying or selling the property and ONLY assigning the contract to an investor t...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
Dawn Oree
Insurance - Any Suggestions On A Good Company?
Hello Everyone!I'm about a 13 days from closing on the 7 unit in San Diego and I'm starting to look for an insurance company for the building. I wanted to know if any of you have suggestions on what to look for and t...
Greg P.
Change Airconditioning Condenser?
Hello, I'm wondering if it would be a good idea to change out the air condition condenser since it looks older, but not too horrible. The air conditioning guy said it still has good life to it and works fine, but I k...
Kyle Wahl
Funding rehab costs for flip?
Does anyone have any experience getting rehab costs put into the mortgage loan itself? For example, 50k purchase price, 100k rehab for a total mortgage of 150K. I am looking to help fund a flip but would not have eno...
Nate T.
lease for Arizona group home
I have a potential tenant for a residential home in Mesa AZ who wants to use the rental property as a group home. I spoke with our landlord/tenant attorney, and he said it would need to be a commercial lease, since t...
Ben Feder
How do you estimate regular expenses on multifamily properties?
When buying MF (residential and commercial), how do you estimate utility costs, capital expenditures, etc. before you even know the market prices? Or how do you find out the market prices for these different expenditu...
Micah Lundstrom
Starting out in real estate investing: Purchase vs Arbitrage
Hello, I am new to real estate investing and hoping to source some advice on first steps. Currently I have about $60k that I would be willing to move into real estate. By the end of the year I could have $80k. I work ...
John Williams
Biggest mistake you made when buying STR / vacation home?
I’m considering buying a second home which I’d rent out in Airbnb/VRBO for part of the year.What are the biggest mistakes you made when buying a vacation rental? What do you know now that you knew then?
Calvin Lipscomb
South Shore Cap Rates
What is the general cap rate for the South Shore area? My group is looking to invest heavily in the area.