Rodger Curbelo
What would you do? 575 Credit. 20k in Savings, ready to buy.
Context: I have bad credit. My fiancée has good credit. I have proof of income. She doesn’t work. We have 20k in savings, we’re ready to buy. Question: What would you do? How would you actually go about making this ha...
Cara Lonsdale
Depreciation - What the heck??!
A few questions...........To what extend does depreciation really affect a person's taxes/capital gains on a property when it is sold?Does it benefit or harm a person to claim LITTLE TO NO depreciation each year on a ...
Arron Paulino
Contractor DId Not Follow Through
I have a fix and flip project in which my previous contractor (who previously had been a rockstar) did partial work and has not followed through with his work. I regrettably paid him off (I know I shouldn't have!) and...
Jason Barnes
I don’t understand how they do it
Okay so there is this guy, he wasn’t very wealthy at all. And now he owns multiple high rise apartment buildings. And is loaded. My question is after he got the first one. And paid all that money. How did he afford to...
Martin Saenz
Non-Performing Note Exit Strategies
Do you buy NPN’s that meet a particular Exit Strategy? What is it and why?For me it’s simple….when I buy an NPN, my objective is to help the borrower get back on their feet with a payment they can afford. Thus, I onl...
Michael McDermott
Should I create an LLC?
I currently own one single family rental property and am looking to purchase a duplex or a triplex next to rent out. Would it be in my best interest to create an LLC?
I'm a newbie here and am looking for all the guid...
Gerald L.
90k loss Real estate & mortgage scam
My cousin got defrauded 90k. Ill make the story short. My cousin Andy was looking at a property in California which he found back in Feb. It was going to be his first property. He needed an agent. So He contacted Bill...
Ari S.
Self Storage Declining during Coronavirus
Self Storage has always been touted as recession-proof but data is showing people are spending -50% less on it since Coronavirus quarantining. What do the experts in this space think? Are folks deciding to cancel memb...
Callaway Pate
Lone Wolf vs. Syndication
Hey BP Family!I hope everyone is preparing themselves for the future and ready to make the best of it. This question has been on my mind a lot recently and I thought I'd share. Can someone break down the benefits of s...
Henry Li
2nd mortgage note - Can I foreclose?
Hi all, If I have a 90k 2nd mortgage note on a property worth about 600k which the first mortgage is 340k, leaving enough equity on the house. What is the best exit strategy? A bit background, I did a flip...