Melissa Kee
Newbie Lending/Funding Question:
So, when looking for a lender to purchase a multi-unit rental property, one of the requirements many lenders look for is experience. So, for a new investor that has not owned and/or managed any of their own propertie...
Anna Watkins
Atlanta neighborhood classification question
I'm looking for some benchmarks for figuring out how different areas in intown and near OP Atlanta are classified (A, B, C, D areas). I bought my personal residence 'across the tracks' in the City of Decatur 20 years...
Brandon Powell
Solo401k Prohibited Transaction Question
Anyone have an opinion on the following?I own a property held in a non retirement LLC of which I own 25% and my wife also owns 25% of the LLC. Can I sell this property (owned by the LLC) to a non related buyer and h...
Brendan M.
VA Funding Fee Question
Does anyone know for VA loans if the funding fee is applied to the purchase price of the home or only the financed amount? I assume it'd be the financed price, but I just wanted to verify. The VA website isn't really ...
Payten Mox
Investment Property Opportunity Questions
Hi all!Recently, I was presented an opportunity with a property that is gutted and in need of a renovation. This home is near Portage MI and is currently offered at 75k with an ARV of 350-400k it will need 150-175k in...
Cara Lonsdale
Unlimited Marital Deduction Question
Can anyone break down the Unlimited Marital Deduction for me?Spouses are both living, and still married. Spouses file taxes jointly. Both spouses are US citizens.If Spouse A gives a CASH gift to Spouse B, is it a ta...
Alexis Smith
Please Help :) WHOLESALE QUESTION
I've never done a wholesale deal before but I have been posting on Craigslist to build my buyer's list as I'm learning. Today, I got an email from someone saying that he needs help with a wholesale deal because he ...
David Humphrey
Low End Rehab Questions
Hey everybody,Had a quick question to gauge the opinions of BP. NO holds barred, let me know what you think.There are a large number of $12-15k properties in my area that need $10k worth of work on average. ARVs in t...
Aaron Junck
Sub to accounting question
When buying sub to:
If you decide and are comfortable (have exit strategies) purchasing via sub to, and keeping as a rental property.
Who gets the tax benefits? Do you get to depreciate the building out...
Ivy Pierce
Question for experienced flippers
Hello,I am looking to do my first flip. I have been analyzing deals on the south side of Chicago and the south suburbs. I have a pre-approval for a hard money loan. Each of the homes I have tried to bid on had 20+ bid...