Bernie Huckestein
SDIRA and Flips
It's not completely clear to me as the comments do vary but best I can tell unless you re going to do only 1 or 2 you really shouldn't flip from SDIRA fund...I guess first is that correct?However, if have a contractor...
Sarah Miller
Selling 2 Duplexes - Capital Gains
Hi!! I am currently selling 2 duplexes in NE Ohio. (BOTH POSTED IN MARKETPLACE) Both are money makers (Net around $500/mo cash flow after PITI and expenses). The only reason I am selling is to pay off student loans. ...
Caleb Webster
1031 and seller Financing
I have a 12 unit under contract that was supposed to be seller financed. The terms were 0% down for purchase price but we bring all rehab costs to escrow, 1 year term. The seller then discovers after talking with a 10...
Brian Rudd
Cash out equity vs cash flow
Hey everyone I've been running the numbers and stewing about this just want to see what the opinions are on here.Situation:I have a primary residence that can be sold for $350k to $400, 000k profit, with 250k tax fre...
Nolan Payne
Purchased 1st property, Flip or rent? Need help!
Hi BP! I hope ya'll are looking forward to a great Labor Day weekend! Here is the scenario and numbers for a property I've purchased at auction and I'm struggling to figure out which is the best play/course of action ...
Gene Walker
Taking possession question
I received a tax certificate from the state of Alabama on a 4 acre parcel. I have already accessed the property in my name at the Jefferson county courthouse.
There is no structure on the property but there is someone...
Chelsea Allen
Delayed financing or DSCR loan
Hello again. I am looking to purchase a 2 door MF investment property in Florida under an LLC. I do not have the LLC formed yet. I am very confused about whether it is best to pay cash (which I would not have to b...
Justin Pudenz
bought duplex and in permitting found out the lot zoned for SFH
I bought a duplex which is a 2BDR /1 Bath per side on the duplex, the 2 bedrooms and bathroom are upstairs. The duplex was built in 1948, so it is older but has good bones and in great location. I initially was just...
Chip Martin
Subject To Ask-Hole
BP Creative Finance Community,I, like I imagine many of you, have fallen into the deep, dark hole of creative financing and subject to after reading Pace Morby's Wealth Without Cash. Specifically for subto, I understa...
Tam Nguyen
How to Fund LLCs
I'm looking to best understand the best way to fund an LLC. I did an initial seed fund but not a lot of money (just enough to open up some bank accounts). Eventually, I would like to build up the LLC business profil...