Tony T.
Wholesaling
First time posting to this site and I hope this is the correct place to post. Basically I’ve been trying to buy properties with the intention to flip and have had little to no luck. I’ve tried at auctions multip...
Nick Choruby
Cash Rent, No Evidence - Red Flag?
Seller has 7 single family homes and wants 100k each. He claims the rents are all $1000 a month, but has never used leases, collects cash only, and won’t provide bank deposit statements or any form of evidence. Won’t ...
Davie Madison
Community Property Lending Scenario
My wife and I live in TX a Community Property State. We currently own our home (Property 1) and both of us are on the mortgage and title. We would like to convert our current home into a rental and purchase another ho...
Derek Hamilton
Is it possible to refinance an “Owner financed” property?
I’m looking to purchase this property to occupy it. I was thinking about approaching them on owner financing because my wife is currently on a furlough so conventional financing isn’t an option. But I didn’t want to h...
Joshua Davies
LLC Lending Question
Hi All,
I have recently created a new LLC in TN for the purpose of Real Estate Investing and the LLC has 3 members (33.3% each) including myself and 2 foreign investors from the UK. As my partners are foreign, they ...
Zoran M.
Diary of my First Flip in Cleveland, Ohio
I will update this page in conjunction with a recently launched blog, www.thatflippingcouple.com.
This thread will include more gorey details than the blog, largely for the sake of input from the BP communit...
Account Closed
USDA Loan Eligibility
Hello Everyone,Can someone share details of eligibility criteria for USDA loan (non-citizens) ?
Jesse Mitchell
Creative 1031 advice
Hey there bigger pockets. I have been investing for a few years and have built a modest portfolio in that time. I have stumbled into an interesting situation and am looking for feedback from anyone that might have be...
Douglas Vogel
SEC securities Property Liens
Hey guys,I was curious, if you have an investor willing to lend money on an asset and take a second position lien, is that considered a security by the SEC? Or are you within your the laws to give a lien in return for...
Mike B.
I converted a planned flip to a rental late 2014, tax consequenses?
Hi All,First off, I will consult my tax professional before doing anything. I am looking for the 10,000 foot summary to get my mind around what I will be looking at when its time to tackle this.I bought a fix and fli...