![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2976911/small_1732316059-avatar-christinea110.jpg?twic=v1/output=image&v=2)
3 December 2024 | 21 replies
I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3147918/small_1732063123-avatar-andreaw183.jpg?twic=v1/output=image&v=2)
4 December 2024 | 2 replies
A court will use those valid addresses for subpoena at the hearing.Finally, in my own tax lien work, I will often remove dead trees myself using multiple stay lines and then pull the tree down myself.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2288861/small_1694632629-avatar-investorr1.jpg?twic=v1/output=image&v=2)
3 December 2024 | 7 replies
But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2927162/small_1705958866-avatar-drewg118.jpg?twic=v1/output=image&v=2)
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2817966/small_1704418994-avatar-gavinw49.jpg?twic=v1/output=image&v=2)
30 November 2024 | 4 replies
@Gavin WynnI would get the gas sub-metered so you can bill the tenant based on usage.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3152321/small_1733149724-avatar-jamesk758.jpg?twic=v1/output=image&v=2)
10 December 2024 | 100 replies
If so, that would remove one major and valid objection to letting unsupervised strangers into houses.In my own business, an applicant can apply for an apartment before touring it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1775668/small_1651945373-avatar-joes731.jpg?twic=v1/output=image&v=2)
6 December 2024 | 51 replies
A prenup is valid if it's entered into with full and fair disclosure of all assets by both parties, and if it protects both parties.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2404906/small_1652386260-avatar-jordans516.jpg?twic=v1/output=image&v=2)
9 December 2024 | 23 replies
He approached me like a gentleman and expressed his valid concerns.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1815703/small_1621515813-avatar-clarkstoragellc.jpg?twic=v1/output=image&v=2)
1 December 2024 | 0 replies
Validate zoning, potential special or use variance, future zoning map, neighboring zoning.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/742826/small_1695001595-avatar-kylerb1.jpg?twic=v1/output=image&v=2)
2 December 2024 | 7 replies
I'm a civil engineer, and for example, I do the civil engineering/permitting for many Gas-Station & Convenience Store.