Luke Grieshop
1st & 2nd Position Notes
Can someone, in layman's terms, describe the difference between a 'First position' note and 'Second position' note?
Taylor Jardine
Refi or big down payment?
So we currently have a duplex- wahoo! We just had to jump into the game asap and we definitely overspent. It cash flows about $150 /month if we’re not doing any updates to it so it’s quite minimal.
My wife and I are ...
Kate C.
Cash out refinance primary THEN make offer? or sell primary?
Hello, Thank you in advance for your time. We would like to move to a new town and make an offer on a home. We have almost paid off the 15-year mortgage on our current home. Is there any general "rule of thumb" for ho...
Justin Summers
Interesting 1031 and $500k capital gains exclusion question
A good friend of mine just sold his rental and is in his 45 period and can't find much out there that is not over priced. He is worried that since he has to identify properties in the next 45 days and buy something i...
Billal J.
First investment property— discount due to covenant
Hey all!Long-time reader, first-time investor.Just went to look at a property that came highly recommended to me by my real estate agent. She is the listing agent, property manager, and my aunt. She’s also been an inv...
Tyler Bettencourt
PMC Still owes me $$$$
Hello,
In September after being with my PMC for 1 year I decided to switch to a new PMC and so far I am a lot happier with the new company. My previous PMC would take way too long to send me my rent payments. The las...
Dekel Saati
BRRRR WITH LOTS OF EQUITY
Hello BP people,
I have a few houses that I am remodeling, and a couple of them just completed,
The area through the last year gained a lot of equity, and I questioning myself what's the best if to rent or sell, a...
Daniel Suarez
2 member LLC taxes question
I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family. My question is, for tax purposes do we need to do anything else other than just dec...
Scott Anthony
Need suggestions on purchase to Lease Option with seller's ex-wife.....
Hello, your comments, suggestions, and help are much appreciated! Im not sure what to do. I dont want to lose a deal like this, but I don't think I can do it myself.
Here's the deal: purchase property for $43...
James Dennie
Worried about appraisal
Hello all,
I currently just finished my first flip project and I'm under contract now. There's one thing that I'm worried about right now and that's the appraised value.
I listed the house at 377K and got an offer a...