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Results (10000)
Aly W. REO questions
19 June 2008 | 17 replies

I also have a few REO questions and can't find the answers through the Search function. Feel free to point me to the right thread.

A REO has been on the market here for a week at $165K. The kitchen has been gutted, a...

N/A N/A Resident Managers and How Much to Charge for Rent
6 November 2006 | 5 replies

Hello All:

I own several multi-family rental properties and have always paid the Resident Manager a salary, including a free apartment.

I have recently acquired a new business partner and we recently purchased a pr...

Steph C. Taxation of Rehabs that Cross to Next Calendar Year
26 February 2012 | 9 replies

Hi BP,

I have a question that I'm sure many of you can answer.

We purchased a home to rehab last year in an LLC. The rehab was completed last year, but the house did not sell by the end of 2011. If the house had so...

Philip M Thomas Finding deals in Augusta, GA
22 May 2019 | 5 replies

Those of you who have invested in the Augusta area I'm curious as to how you are finding your deals. I'm looking for my first flip or brrrr and I'm having a ton of trouble finding anything. There seems to be a ton of ...

William Hoppes Am I calculating costs correctly?
1 May 2019 | 6 replies

Am I doing costs right?I'm running the numbers on some different properties and I just want to make sure I'm estimating my costs right. Does this seem accurate to you?Mortgage: For multifamily the loan will be 75% of ...

David Mirza how do banks calculate income for an existing rental
15 January 2016 | 7 replies

I understand that for a Fannie Mae conventional loan, if you don't have tax returns for a rental, most lenders will count 75% of your rent as income and the full PITI as your debt.  The part where I'm not clear on is ...

Ellie T. Thank you BP! My first Out of State offer was just accepted
4 June 2016 | 11 replies

THANK YOU to the BP community for giving me the knowledge and courage to buy my first property out of state.After 2 months on the site, and plenty of webinars (Thank you @Brandon Turner)- especially the one when I com...

Solomon F. wholesaling
22 January 2016 | 5 replies

I found a couple of deals that look pretty good to me but they are bank owned and will only take cash offers. To do so i would need to show proof of funds. I want to "wholesale" or refer these deals to cash buyers sin...

Crystal Em Any insight on why a desirable REO property would sit for months?
17 February 2016 | 6 replies

Hello BP, I'm currently in the "research" phase of my journey to investing, but hope to get to the "action" part later this year. The market in my area is super hot, and usually in my research when I notice a good dea...

Oscar Freiman Using my IRA
5 June 2016 | 11 replies

Dear all, I need money to start investing, and the only source of cash is my IRA. So, if I want to use the investment cash flow to make my living, is the only option available to cash a portion of my IRA and pay the c...