Josef Roberge
Do I Really Need a Local Business License for this?!?
Someone is paying me a referral fee for just connecting them to a deal. I have no involvement in the deal at all, or transaction, contract, not a consultant.I set-up a quick LLC for them to pay me under, and opened a ...
Michael Liddicoat
How to purchase a portfolio and avoid tax penalties
I'm a realtor who helps investors to purchase income properties. One of my clients is looking to purchase the entire portfolio (51 doors) from a seller. The seller is looking to avoid paying a large chunk in taxes. ...
Cosmo Iannopollo
Down Payment on Hard Money
When using hard money, how does the down payment work? Given that it's a reno and they seem to lend on ARV, the purchase price of the house is essentially taken care of. Do you then cut a check to the lender at closing?
Zach Ogle
Newbie from San Francisco, CA
Hello All, My name is Zach Ogle, and I am happy to be here. I am a licensed CPA working in San Francisco. I recently sold my primary residence in Phoenix, and I am planning on turning that gain into my next real estat...
Khoa Ha
Zillow 1st Home under their new initiative. What do you think?
Hi BP,So Zillow have finally entered the buying and selling property business. Here is an article briefly describing how the experience was for Zillow and the home seller: https://www.geekwire.com/2018/inside-look-zil...
Tim Gallant
New England Investor living in China
My name is Tim Gallant, I'm from northern Massachusetts. I spend most of my time traveling around Asia doing equipment sales in the automotive industry. I currently live in Beverly MA, but I will be moving to Shanghai...
Timothy W.
REOs and the RTC
Hey Folks,
Can we have a centralized discussion started on the impact of the RTC on buying REO properties? Not bulk REOs but the purchase of REO properties one at a time. I had one person tell me this mo...
Kim Rock
Lease purchase, seller financing, help?
Hope I am posting this in the right forum...
I am trying to purchase a home but am having issues getting approved for a loan due to debt ratios because I havent had a full year of rentals on another property yet. So ...
Lee Common
How much is a list of 480 Asset managers worth to you?
I do in fact have this list and have since built relationships with 30 asset managers & I'm trying to do bulk pools.
I'm now using these contacts to list REO's 4 my office.
I'm considering different ways everyon...
Kizzy Robb
Buying In a Vacant Area
Hello,
I went looking at a Multi-Unit today. Well, I drove around in the area. I haven't did the numbers yet or set an appointment to see it. Before I do all of that I'd like BP's advice.
This unit...