Larisa Jimenez
Multifamily deal analyzer?
Hello BP,
I'm looking for a tool to use for analyzing multifamily deals. Any suggestions are appreciated... Also would love to partner with an experienced multifamily syndicator. We still have a very strong market i...
Salil Surendran
Rental expenses in Turbo Tax
Hello,I am trying to enter my rental income in Turbo Tax. I rent out my upper bed room for 3 months of last year. I earned $3000 as rental income in the year 2017 and calculated $200 of utility expenses. I entered in...
Maen Abu Khater
FHA Self Sufficiency Test
BP Community, There is a Multi-family (4-plex) that I am interested in purchasing. Currently all 4 units are 1 BD 1 BATH Units and with the current market rents for 1 BD 1 BATH..... The property doesn't pass the FHA S...
Alon A.
Purchase house that already remodeled
Hey guys I have a question that I have and I can’t figure it out I saw house on market that I can get it in 315K it’s fully remodeled , everything is new flooring , paint , kitchen .. top to bottom the comps sold arou...
Connor Corkrin
Security Deposit Bank Account for Tenants
Hey again all,So I'm just finding out that there is a law requiring tenant's security deposits to be held in a separate account at 3% annual interest. Is this true?If so, are these types of accounts common with local/...
Scott Trench
Is it Possible to Short Cap Rates?
Howdy,I'm convinced that we are about to see Cap Rates crashing down over the next few years, especially with commercial property here in Denver. So convinced, in fact, that I'd like to put some money on this. How doe...
Donald Kellogg
Rehab funds wrapped in a HM loan are they counted as a expense?
I flipped a home in Arizona and wrapped 60K rehab funds in the HM loan. Is this a expense or is it counted as a gain at close? If it is a expanse what IRS publication addresses this item? I count cash in and cash out...
Lamontay Garrett
Offer Letter Template
Hello, I want to implement sending offer letters to everyone i talk to about their property. Does anyone have a template they would like to share? It would be highly appreciated!!
Snehann Kapnadak
Estimate Insurance Quote
Hi Everyone,Hope you had a good weekend!Is there a back-of-the-napkin calculation for insurance quotes for small (2-4) multifamily properties? I'm looking for a quick way to add to my underwriting when I receive Selle...
Sonya Light
When should I start looking for properties
I don't know how soon I should look for property to buy, especially since I won't have the money to put down until 5 months from now. Should I apply for the loan or wait till I have the money to put down, to buy th...