Mary Ann Shlim
Bridge loan process?
What's the process like? Looking for advice from actual borrowers and lenders specifally Bridgeloan or similiar products.
David Czech
Can I make someone else a host if I own the property? Tax Implications?
Hey Everyone. So I'm in the process of creating an AirBNB listing but would like to make someone else the host so that they would serve as the primary contact. I would prefer to be listed as the emergency contact in c...
Paul Desiderio
Section 8 housing Advice
Looking into purchasing a property that is already section 8 tenant occupied. What are the 'need to know' facts about section 8 housing? Any advice is greatly appreciated!
Jen Gainer
Flipping with partner, only my name on house, who pays tax?
Hi. I may buy a short sale home, I will sign the mortgage alone. A partner who is a broker will fix it up with me and then we will resell in a year. He says we will split the profit of the sale and write it in our set...
Christopher Cantrall
Feasibility of selling without a broker?
I have a stake in a collection of rental properties (78 units, ~$85,000 a unit) and the previous sales in the area have convinced my partners and I that a sale now may be in our best interest.Now...one partner is high...
Kenneth Burdick
Using HELOC for down payment
Hi BP community,
Our current primary residence has a first-position HELOC. We were planning to use funds from this account to purchase another home, but the lender is having an issue with us “using borrowed money for...
Adam Paxton
Legalities involved when talking to homeowners
Hi
I am curious about what legalities are involved when speaking to homeowners about purchasing their house or putting it under a contract. Are there any specific things to make sure that you are or are not d...
Dave Smih
wholesaling an REO Bank Counter offer addedum??
I am trying to wholesale a bank owned property and this addendum has me confused ?
does this mean I cannot make more of an assignment fee than my earnest deposit? if that's the case I could only make $500 because that...
Reed Starkey
Lien Waivers, Construction Lien Act
I asked my attorney for some Lien waivers, and I got more than I understand. I was hoping to pull from the vast knowledge of BP to help explain.I received the following:Notice of CommencementNotice of furnishingSworn...
Jonathan Frith
Buying up land in the major cities of Central Virginia.
Would you invest in raw land in the city of Richmond, Petersburg, Hopewell, or any city in central Virginia right now?
I was looking at the pros and cons of buying land to hold on to and building properties on the la...