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Hello BP Community,I have an important tax related question that I need someone to help answer. I have created my LLC back in July 2018 and started my first flip in August 2018. I actually had 2 months and 15 days to ...
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I just finished reading the Wholesaling Guide on BP for a second time, just to brush up on my Wholesaling knowledge. Now i'm back here, and seeking a final answer to the big question I know many other Noobies have abo...
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I have my first property under contract. The contract amount is for 200k for a fixer in my area. Now that I have it I am sooo nervous as to what to do next. All the info I have read is exploding in my head. I want...
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I recently found a really good deal in my home town. This is a probate deal I am working on. The person who owned the home died and it says in the will that the home must be sold and the money received from selling it...
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I keep reading that when you assign a contract everyone will know how much you are making.I do not understand how.Please tell me if this is valid.Lets say I have a property under contract for 100KI am selling the cont...
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Hey all,We received an offer on a property today in which the buyer is using a USDA loan, a product I'm not very familiar with (but will learn). To cut to the chase, is USDA similar to a VA loan in that the buyer is e...
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I have put in multiple offers for 4 unit properties using the VA home loan only to get beat out by cash buyers. On a property asking price of 325k, I offered 330k w/ escalation clause of 5k over highest bidder up to 3...
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Hi. I recently won the auction.com auction for a property located in Vermont. Closing over the next few weeks. The property was once owned (obviously).... then successfully foreclosed upon by the mortgage company....
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I would very much like to hear from BPers who have had lengthy, crazy contracting (by this I mean putting it under contract, nor rehabbing lol) and closing proceses on their properties.I'm currently "in the middle" of...
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Hi everyone,
I'm looking for a layman's explanation of how a 1031 exchange works. I did some searching in threads and many of the explanations are pretty complicated. Can someone post a simple step by step guide to t...