Jerry Gandolph
Best way to handle taxes on Flip house
Hello,
Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...
William Decker
How to get a loan in order to flip a home for the first time
I have recently got a business partner him and I would like to flip a house together. My credit is not too good he will have to get the mortgage in his name and I would supply part of the down payment my first questio...
J. Martin
Consistent Late Payments but keeping Tenant - stupid?
1 of my 6 units in a lower-income neighborhood is late consistently, every month. I have accepted it so far, w/ late fee, for over 6 months. And so far, plan to continue doing so (but adding a daily late fee). Howe...
Jeff Fairchild
Loan modifications
I read in a book that it can be a good idea to tell the seller all of their solutions one of which is a loan modification. It said to call their bank right on the spot and talk to them for the seller.
What experie...
Nancy Nobles
Newbie Lien Question
My uncle quitclaimed me a home in need of repairs. I hired some contractors to do some work on it and get it ready to sell. It is now finished and ready to sell. Apparently My uncle got the property through a tax lien...
Ed B.
Is it necessary to pay loan fees upfront?
I'm applying for a $125,000 construction loan. Lender wants 1 pt. and is offering 5%, due in two years.He wants the 1 pt. ($1250) upfront. I told him I'd prefer it be deducted from loan proceeds. He claims it's refund...
Joshua Brewer
Need advice on some great ways to get a down payment
We are interested in the idea of house hacking and getting a multi-family home but how would someone who doesn't have much of a savings account come up with say 40k-70k for a down payment on something like that?
Shane Bracewell
First Duplex in Ft Worth - Rehab Needed
Fellow BPers,I have recently had an offer accepted (and renegotiated due to unanticipated repairs) on my first duplex in Ft Worth, TX. Below are the details:$174,250 offer accepted on a 2006 duplex (4 br/2 bath per un...
Frank DiGiorgio
Short Term Orlando Vacation Rentals
Hi All,My girl and I love to rent in South Florida every winter for a few weeks a year. Covid has shown me I can run my software business from anywhere, so we decided to stay in Fla from Jan-Mar starting this year. ...
Chuck Klinger
Jerry Norton Power Fliper 3x
Does anybody Know anything about Jerry Norton "Power Fliper 3x" system? Has anybody ever received the 10k that Jerry says he will give for a deal? Does he really supply proof of funds etc..