Nate Smith
Refinaceing home that is on a land contract
I have a house that i bought one year ago. I am looking to refinance the home and get cash out. The place is worth $100,000. I owe $20,000 and am looking to get $50,000 loan to pay off car and student loans. I am just...
Avi Garg
Partnerships, BRRR, cash out and economy
So I have been thinking about this a lot for the last few days. In a partneship, if one person is a money guy and the other is the rehab guy with a split for 80/20 or 60/40 (take your pick on the numbers). Now after r...
Andrew Syrios
Jackson County (Kansas City) 2023 Property Tax Increases Deemed Illegal
I'm surprised I haven't seen any talk of this in the forums (or maybe I just missed it). But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:
"Missouri’s State Tax Commission or...
Joshua Davies
Cash Out Refi/BRRRR with Conventional Mortgage
Hello BP!
I have a question regarding the BRRRR/Cash Out Refi method. I understand that most investors using the BRRRR method are buying the properties with cash.
However, I was wondering if it is possible to use th...
Dakoda Spencer
Does This Investment Make Sense?
Recently I posted on Craigslist asking people to email me if they are interested in buying a house with seller financing. The sole reason for the post was to simply start to build a list of potential buyers.I was cont...
Ryan Santos
Should I do this short sale deal, and how?
I thought that this would be a wholesale potential but I just found out that they are about to Shortsale the home. Home is in need of repair from what they told me, but I'm not really sure yet of how much work is need...
Jeff Stansberry
To Sell And Take A Loss... Or Hang In There....
In 2007 I bought a Duplex in a small town called Barstow, CA for $230k. The unthinkable happened, and home values and rents dropped. It was renting for $750 each, now it's at $625 each. Now, in 2018 the value of the d...
Elaine Lau
Multiple Tenants and Utilities
Here’s my situation.I have a house I’m renting out to two different tenants, with their own separate units. Tenant A has a family of 5 and rents the main part of the house. The terms of the original contract was that ...
Maria Luna
Gaining experience as a landlord
Happy Thursday to everyone,
I need some information, hopefully somebody here can help me. I know that when you are investing on a multifamily or apartment building, when you apply for a loan in order for the banks t...
Ann Banos
S Corp Question- Real Estate Brokerage
Hi,I have an S corp question. I have an accountant. Senario-- I own a brokerage with 8 agents and I also still personally do residential sales. My agents are 1099'd as they are independent contractors. The brokerage...