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Wells Fargo Abruptly Closes Lines of Credit - The End Is Near
When banks start restricting credit, they are not confident about people's ability to repay. That means the use of Lines of Credit, HELOCS and other lending for real estate investing will dry up too.
Wells Unexpected...
Cody Evans
Wholesaling To Flipper: How To Make An Offer
Hi BP,I am scrambling right now to make the right offer in the right way by tomorrow noon. I am in the nor cal market and the house has ARV 360 so I figure my max offer allowable is 360-(55k repairs)-(my 10k wholesale...
Mark F.
How much does that Starbucks habit REALLY cost you?
I just finished Money: Master the Game by Tony Robbins. Great book! One part that really hit me in the book was the long-term opportunity cost of "little" splurges like regularly hitting Starbucks or eating out. Relat...
Ashly B.
Kitchen layout help?
Rehab newbie here. We started demo on one unit in our new fourplex today. The kitchen alone had 4 different types of cabinets, 2 mismatched counters (that were connected) and once we tore up the first layer of floorin...
John Morey
ONLINE RENT COLLECTION by COZY - good? bad?
Hello all,I am investigating some good online rent payment services. I have read an article on here but I am curious about COZY = https://www.landlordology.com/rent-payment/Has anyone used this service? thoughts/feedb...
Joe Snustad
Raw Land investing with Programs (landacademy.com vs land geek)
Hey everyone! So I've been listening to REtipster videos, the land geek podcasts, and landacademy.com podcasts for quite some time just taking it all in. I've been seriously considering purchasing either the Land Ge...
Will Barnard
Take the Tax Hit or 1031?
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
Danny N.
Pay Off Mortgage On Rental Or Buy Another Rental With The Cash?
So I have 1 property worth $650,000 in miami beach, I still owe $232k on my mortgage, Im making bi-weekly payments and paying an extra $1000/mo and its leased for $3500/mo and maintenance + taxes are around $1300/mo. ...
Monica Burt
How did you incorporate? C-Corp, S-Corp, LLC??
I am looking to incorporate myself for a variety of reasons before fully engaging in my RE journey. I am curious what option you took for incorporation and why you chose that option. I have an MBA so I know a decent...
Pavel Sakurets
People that completed at least 20 wholesales, do you double close or you do an assigment of the contract?
What do you guys do, double close so the end buyer doesn't see how much profit you made or you do an assignments of a contract?I typically do double closing (and pay extra closing fees $500-$1000) for double closing (...