Joseph Ilg
"Subject to" question
If I were to purchase a property subject to existing financing, I am ultimately taking control of the title and the property while making loan payments that are still in the sellers name. Now, if i was a jerk, I coul...
Richard Rodriguez
tenant wants extended occupancy after closing....
Hi everyone,
I was just curious about what can be done here. I made a wholesale offer to somebody for there condo and they said that there desire is that they can pay off there mortgage and move. My offer is ...
Joseph C.
Lease Option with a Realtor?
Hey BP,
My realtor found a property that is a good lease option buy for me. However I have not done a lease option with a realtor before. My realtor has not done one before either. Are there any BP'ers out th...
John Hall
Current deal
I've been absent on here for a while because I've been busy working. Finally locked in a rate for the first property, 1,850 condo - 3bed/2bath @ 101k 25%down for 15 year loan. 560 Principal and Interest. That's 3.5%
...
Account Closed
Any Indianapolis Investors or People that Invest in Indy?
Hello All,
Are there any Indianapolis investors or people that like to invest in Indy on this forum? I would love to do some networking with those in the Indy area that are looking for wholesale properties to purcha...
Dan Turkel
Taxes in Springfield, Missouri
What type of taxes are typically charged on rental properties in Springfield, Missouri? Are there taxes other than a county real property tax? Is there a city tax? School tax? Anything else? I’m going to be investing ...
Carey L Rouse
Gain and tax implications with selling your wrap note
What are the gain or tax implications with selling my wrap note? I'll provide an example to explain. Lets say I get into a rehab project. I pay 40k for the house and 20k for the repairs and eventually refinance int...
Michael Deakin
Allocation of Basis of Farmland Improvements
For all you more experienced RE investors out there, we recently bought a farm which includes a personal residence for our family, several improvements including large buildings and storage facilities for the farm, an...
Brandon Miles
Strong Building materials for STR
I am wanting to do an Airbnb and have an opportunity to pretty much gut the house. It's an older 1960's (In Arizona thats an older home) home and I am thinking since I will be stripping it to the bones I would like to...
Luis C Ceniceros
Would i be able to I close a HELOC and do a cash out re-finance?
I just recently obtained an Equity line of credit on my primary residence. Since then, i have learned about cash out re-financing which caught my attention . Would i be able to close the equity line of credit and do ...