I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...
I have a seller that I've been back in forth with about listing their property for about a week or two now. She owns a retail/warehouse building and is adamant about listing it as a warehouse and NOT retail.
Why is t...
I’m seeking advice on what to do about a mistake that my contractor made on a remodel that I’m managing from afar.
I explained that I wanted subway tile backsplash in the kitchen. The contractor sends me pictures of...
Inflation has only dropped my .1% and Feds are ready to do whatever it takes to drop that. I have been hearing on the streets that interest rates could* go to 12%+. That would be pretty scary heading into a full on re...
Hello fellow BPs,I'm currently in the process of doing an off-market deal with someone who prefers a type of seller financing in order to save money on closing costs, but they currently have a mortgage on the property...
We are already witnessing cracks in the Chinese real estate market. In fact, they are expecting a recession in 2019. The US stock market is in a free fall and just a few points away from being in a full blown Bear Mar...
I see a lot of you in here have success stories but keep wondering if real estate is truly as luxurious as it seems. I have two rentals only but had major issues with either tenant or property Managment and the pain n...
27 year old male, 730 credit score, 40% DTI, no student/car/medical debt, first time home buyer looking for estimated max loan amount
Hello,
I understand that this is a case by case question with many variables in...
I am a new investor and have been solely looking for duplex properties. I see a lot of nice single family homes for sale and often see investors talking about their portfolios of single family homes. When I run the nu...