My wife and I close on the sale of her former home tomorrow and are putting the finishing touches on the legal side of things before we start making offers and bidding at auctions.  We will set up an LLC with an S Cor...

As a high income earner, I have suspended passive losses accumulated from previous years.  As we buy more and more long term rentals (we have purchased 4 in the past 6 months), my wife will be able to claim the Real E...

I think I understand the basics of lease options and sub2; but, now I am trying to figure out what a wrap mortgage is. I did some searching and I still don't have a great understanding. I am wondering what it is and...

I have a motivated seller. Owes 25K on the property. Has 3 yr tenant paying $400. Should I offer him how much he owes to get it off his hands and sell to buy and hold end buyer? Says that house nas hew carpet and new ...

I went to a property that's up for sale, it's been on the market for 55 days thus far, was recently reduced.  It needs quite a bit of work, I'd say 30K to 45K in renovations, the price is $299, the Realtor that was sh...

Hi everyone,

I'm really excited to have stumbled upon such a valuable resource. I joined BP to network and meet investors in the DFW area as well as continually learn.

I've got a full time job and have dabbled a bit...

I found this single family property built in 1945, in UT. It's right next to a elementary school, the neighborhood is definitely middle class. It has 5 bedrooms and 2 bathrooms, 2342 sq ft, and asking price is 400K. I...

When you flip, how are you avoiding short term gains taxes?

I am an investor in the Austin Texas area and want to take a quick poll on whether people are using their own one-page purchase contracts or the standard state approved contracts (TREC for us in Texas)?  What, if any,...

If I were to use one contract and assigned it to my buyer. Would i have the seller put the total amount i want to sell to my buyer and then collect my assignment fee at closing from the seller ? :badwords: