Short story is that I've been taking care of various family members for quite a few years and have no income or credit. And even though neither of my parents is in any position to take care of their rental property (p...
I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
Hi everyone have read some blog posts but wondering if anyone has came across this subdivision scenario.I have a SFH that is valued around 325k. I have over 50% equity in the home currently. I am in process of subdivi...
Good Day to All,My name is Tate and I currently reside in Corpus Christi, TX. This is my second time posting on BP. My wife and I are getting ready to purchase a duplex. Side A is 3/2.5 and side B is 2/2. There is a c...
What do you all recommend I do in this situation. I have a buyer that wants to look at several properties, I've left 2 to 3 voicemails for the listing agents and even sent emails. They specify in the listings that t...
Hello!I am looking for a Multi Family property, preferably a triplex or fourplex, as a first investment property.I just moved to the Miami area. My overall plan/goal is to find a fourplex/triplex that needs a little w...
I was hoping someone could clarify for me. What are the benefits of being a note holder as opposed to being an owner of real property?
Why should a seller carry financing or a full note when it seems more beneficial...
Hello BP experts,
I hope you had great holidays.
I am facing the following situation:
I need to put 25% for my next investment. I have some savings in my bank. However, the rest of the down paymen...
I have some private money I can use from multiple people. How should I go about managing it? Do I create one checking account and have everyone transfer money in there? Would this get flagged by the FBI if there's tra...
I am a newish member to BP. I have a little problem and was hoping someone can point me in the right direction. I am in the process of buying my first flip. I won an auction, had a closing date set for this week an...