Erin Bryant
Using a contractor that is qualified by another contractor
i am working on my first rehab in Fl and we have been working with a contractor that has great reviews but we just learned before we signed the contract with him that he is qualified by another contractors license. I ...
John Jacobs
Private Money Lending--Requests Made by my Bank
Hello BP,
I have been a very active private money lender since 2014. I have a single member LLC (me as the sole member) that lends only to real estate investors. That is I do not lend to owner occupants. I only le...
Lynn McGeein
Never Ever Cosign a line of credit - Indebted for LIFE
Did you know you can be indebted for life to someone with no way to see the statement, close the account or even find out the current billing address for a loan you cosigned (or they say you cosigned, which is my prob...
Nicholas Johnson
My First Meeting w/ Local Bank / Lender, Need Your Advice!
Hey BP -- I'm working on getting my first house [hack] purchased in the next couple months and I am going in to meet a local banker / lender tomorrow morning. I plan to dress sharp and bring some information about the...
Account Closed
IRS imposes $50 Penalty (to you?) if your 1099-MISC/S is missing Contractor's SSN/TIN
apparently in all of USA, per IRS.thus all the more reason to REQUIRE, per IRS, of all your contractors/subs, their corect SSN/TIN, as a condition of hire.what should be used to request it, litigiously, then? a W-9...
Aaron Scott
Tax implication on partner split at sale of property
So I'm going to lay out the situation the best I can and ask advice. First off, I'm in Alabama. Myself and a partner went in as partners on a flip deal, where he bought the house and we split the costs of rehabbing. I...
Khemaro N.
looking to do our dirst 1031 exchange
Hello All,We’re going to sell our triple decker in Rhode Island this year and would like to do a 1031 exchange. Can someone explain how the process work step by step. Thank you very much
Sami Gren
Tenant paying due to window not repaired
I just closed on a big building, and one tenant had mentioned to me that a window is falling down, and doesn't stay open. that was about 2 weeks ago, I told her that I took over the building with numerous problems (...
Daniel Bradshaw
Conflict of Interest in Negotiation?
Hey guys, I have a lengthy scenario and a few unique questions so please bare with me.
I am getting my real estate license right now to hopefully broker some deals and make some money to later put into starting a re...
Mike Rash
Buy a NOTE to aquire a PROPERTY
I am interested in a property that is going through pre-foreclosure for the past year... Here are the FACTS:
1. Property was purchased in 2006 for 450k.
2. The owner took 3 mortgages: 1st - 350k, 2nd 100k, and 3rd...