Hey BP, I recently had a career change that allows me complete control over my schedule. I have found that my morning routine is now probably twice as long as it was before. Even though I am doing high value tasks lik...
Hi All,I placed a bid on a HUD home yesterday that has been listed for 32 days (list price has not been reduced yet) at 82% of the listing price. HUD countered my offer today at exactly 88% of the list price (textboo...
This topic may have been beaten to death but I've heard differing opinions on it. How successful has Craigslist marketing been for you all? I will occasionally post an ad to join my buyer's list or that I buy houses a...
Hi, folks-
I'm working on my 2020 taxes and I have a few questions. Last January (1/10/20) I purchased a 4-plex. I occupied one unit for 7 months of the year (March-October). In 2020, 2 of the units were rented for t...
If the market is so hot that I can't find a deal that nets cash flow, would you buy a cash neutral property, or just pay the capital gains tax and depreciation recapture??I thought the answer would be easy, but once y...
BP - I working on my first flip and looks to be profitable, but I was discussing with my Lender, and he mentioned there were restrictions with the buyer's lender when selling if the price will be more than 20% more th...
I am a new member, Ill start with that :). I currently have a property in AK that after expenses are paid provides $250 in positive cash flow. The property's market value is roughly 305K and I only owe 228K. After cl...
Hi everyone, I have quite a bit of equity in a single family home, and ideally I'd like to 1031 exchange it into a commercial real estate purchase. However I don't want to be pressured into finding a deal within 45 da...
Good morning
Total newbie here
My question is regarding ARM loans.
The house I am looking into is a new construction. It is not due to be completed for another 2.5 to maybe 3.5 months
Knowing that rates are con...
I own one property in the state of Illinois, a single-family home currently being rented. When our tenants renewed their lease, they were having financial issues and, having been there ourselves, we were sympathetic. ...