Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Russell Brazil
Be Careful If You Are Overleveraged
Many of us experienced folks on the forums the last couple years have been expressing concern about people being overleveraged and for strategies like the BRRRR method. Myself, @Jay Hinrichs, @Alexander Felice, @Joe S...
Drew Denham
New GC for roof wants full payment upfront?
I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
Eddie Sorrell
Just closed on four-plex and meeting with existing tenants....
Hi All,We just closed on our first buy and hold property, a four-plex. The units are currently rented, but way under the market price. I reached out to each of the tenants, confirmed they are interested in renewing f...
Derrick Lubomski
First deal...am I too GREEDY? Is the seller too GREEDY?
So I have had my eyes on this duplex for a while now, it is if off market and technically not for sale. I’ve been in touch with the owner for months now and it seems she is finally ready to sell. However, we cannot se...
Eric F.
Building a rental portfolio with Subject To/Lease Options?
Hi,
I have been thinking about different ways to get some rental properties for a few months. I was thinking a good way, before the market really rises, is get some Subject To or under a lease option, with the optio...
Sam Valme
How to unlock a HELOC
Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
Paula Smith
Lease purchase deal gone terribly wrong...
In 2005, I went into an agreement to sell a property I owned that had a mortgage on it. The agreement was basically written out on a standard residential sales agreement with the terms of the owner financing (me) ...
Christopher Stanis
My Top 5 Creative Financing Strategies
Starting with no money in your pocket? Or do you have a little that you would like to stretch and use to buy 5 properties instead of one? Here are my top 5 strategies for investing with little to no money of your own...
Jessica Martin
Wholesaling/Bird dogging. Legal vs Illegal?
As I'm studying for me RE license, I'm paying close attention to the definitions/reasons for needing a RE license (Or not needing one). Wholesaling does seem to check out so far because, technically, you are not selli...