Trevor C.
Michigan Security Deposit Questions.
So we received the security deposit on our first rental and now we are unsure what the next legal steps are. I think I need to open a separate interest account (escrow?) and then provide the tenant with the bank and...
Rafael Lopez
Tax Write Off Question
Keep in mind I'm in a different state than where I'd hold property. If in 2016 I flew out of state to meet with some people and tour neighborhoods. Also purchased some business related items such as printer, computer...
Michael Randle
Hard Money Lending question.
Hello BP,
I want to run a scenario by everyone too see if I grasping the fundamentals of Hard Money Lending.
My understanding is that HML can be ~70% LTV and can be used for improvements and repairs.
Let's say I ...
Brianna Jackson
HUD VASH tenant question
A prospective tenant just asked f we accept hud-vash....I found info on how they apply but not sure what that means to me as the landlord...can Antwon share some insight or links to help me out
John Kamperschroer
General questions about wholesaling
Hello! My name is John. I started video tutorials, books, online content information about how to do wholesaling. I have a few contacts, but they seem to be lukewarm as buyers always having excuses, even when the hous...
Harold Arnold
Multi-family Tax Question
We are working on our 2016 taxes. In December 2016, we entered an agreement of sale for a multi-family (Triplex). We did an FHA loan as we intend to owner occupy one unit and rent the other two units. We had a structu...
Patrick Wall
HELP!! "Subject To" Questions
My wife & I are new investors. This is our 1st deal & we are unsure of how to proceed the right way.An acquaintance of ours is the beneficiary of her mothers home who passed away 2 years ago. She continued to...
David F.
Question about Subdividing Property
I’ve found an ideal land deal for $300K in a prime location I’d like to buy and develop. I’d like to, in time, build 3 quadplexes on the land and rent out the units. I’m not selling any of them. However, I don’t qui...
Richard White
Coffee and tea question
Hi all. I have only used drop coffee machines in my two units at the beach. These are mostly "true" VRs, however, I still have a lot of off-season bookings as well. We just bought 2 Keurig machines and a few pods, but...
Chad Greenhill
Hard money lender questions
Has anybody actually found hard money lenders that lend at 100% for purchase and redevelopment in DC and Baltimore or is this a myth? We have thus far found 75% for purchase and 100% for redevelopment projects that ar...