how would you wholesale and structure a seller finance deal on a house worth $110,000 and seller owe $80,000?
I’d like to ask everyone on BP to help provide some guidance on what my best option might be for getting started. I’ve broken my post down into key sections as there is a lot of information that must be digested t...
Hi,My partner and I are both in our second year of college. We found a pretty decent starter house that we are very interested in. It is a duplex with nice tenants and a lot of important things replaced within the pas...
Hey BP! I was wondering if any one out there has used the VA from USAA and if they counted the 75% rental income to couple with their job income? Some lenders don't and I was wondering what side of the fence USAA was ...
As in the title, I have no income but I do have cash. Do you think I could get a loan at a reasonable rate, or am I limited to cash-only deals? It would be nice to utilize a little leverage. My FICO is around 800.
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Hello, I am a new investor and I am pondering a new strategy. If I buy a property from a motivated seller for 80k then refi for 110k because that is what the comps in the area are worth can I keep the property as a re...
I acquired an off market property a couple of months ago. Its a SF home, 3/2/2, 2700 sq ft on a large corner lot (3/4 acres). Loads of potential. Estimates from two different GCs showed rehab cost at more than twice w...
My wife and I have been interested in the real estate business for some time now. My question is, can I maintain my current full time job and work as an agent at night and on weekends? My main goal is to get my feet...
Since doing a deal or walking away sometimes involves a gut versus head call and you wind up in shoulda, woulda, coulda land anyway ..... How often do you regret *walking away* from a deal? Or do you just make the de...
Any tax pro's out there?
If I own a LLC that owns an apartment building, do I have to pay self employment taxes on the cashflow each month? I know normally passive income does not get taxed with self employment, but...