Hello BP family! Happy New Year!I'm hoping to get some examples of successful (or not so successful) partnership strategies you have loved or regretted, with either single family buy and holds (BRRRR's), or flips. I...
Hi All,I'm closing on a property, that I'm planning to live in, the end of this month. We are planning to do add a master bathroom and relocate the kitchen to the other side of the house. Budget looks high and most li...
Which legal binding contract do you feel more comfortable with? My advisor recommends month to month for the simple fact, the process of eviction is quicker. But, I personally would rather a year lease due to stabilit...
Hey All,I am having some trouble understanding how DTI is calculated and it seems that the different lenders I have talked to are telling me different information.I have 1 year of landlord experience renting half my d...
Hi, I am a wholesaler, so I usually pass my deals off to other investors, but I have come across one that is just too good to pass up. Not only am I getting the house at 57% of its appraised value, but the owner is a...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $187,000
Cash invested: $16,000
This is a 3br/2bth attached row house I bought in 2014 for $187,000. Since then, th...
Hello everyone, I’m new to the real estate industry and I’ve been trying my best to get my foot through the door as a wholesaler. I was wondering if anyone could give me tips on how to interact with a potential seller...
Stepping up my game to multifamily…This 6 unit is rented in a decent area and has 5 rented and the owner occupying the 6th. Here’s my objective. Buy the property with a conventional investment loan. Fix up the 6th uni...
My sister and I started an real estate investment company in August. We started out with wholesaling however my sister recently became a realtor. How do we use her being a realtor to our advantage. We have found below...
Hi all,
Wanted to pose an interesting question for feedback:
Is there anything in IRS section 121 that speaks to the impact on holding periods when there is an increase in ownership interest in the context of a prop...