John Keane
Where to find gap funds?
14 January 2025 | 0 replies
However, in the off chance that I am not able to cover my gap funds (est. $200-$300K) from that small circle, how would you recommend I start branching out?
John Gillick
1031 leverage question on partial sale
14 January 2025 | 10 replies
While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.
Bayo Badejo
103 unit assessed cap rate of 5.4(accurate?)
13 January 2025 | 2 replies
In analysis of subject propert the cap rate for 103 property in this area is 5.4%.
Account Closed
Spreadsheet Buying Subto (Subject To) with the (BOMSTSLO) ™ Method
23 December 2024 | 6 replies
Here is what one of the new people I coach from Socal did with a property in Phoenix
I helped him find. He has taken his training seriously. It’s a Subto (Subject To) that I helped him buy “off market” and he chose t...
Pero Konjevich
Rental Insurance Dyer Indiana
9 January 2025 | 4 replies
I will PM you my rep -- they are in Indianapolis, but if they don't cover your territory, I am sure they can send you contact info for someone.
Danielle Levy
Filing lawsuit against property management company
11 January 2025 | 17 replies
You could tell them to cancel the listing and you will find someone else to list it after a month not 4 months (the market take is subjective too, all dependent on what your house has compared to others, where it is located, the size of it, and so many other factors).
Josue Ramos
Best Markets To Invest
4 January 2025 | 35 replies
Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Jake Thorpe
Tax liens - what do you know?
14 January 2025 | 5 replies
I've bought hundreds of properties at Tax Sale, but only Tax Deed Sales, and have posted on the subject many times on BP.
Kar Sun
Tenant insurance underwritten with landlords name
4 January 2025 | 5 replies
It usually doesn't cover for full replacement of your property.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
The biggest thing with this is if something major happens are you legally covered if the unit is illegally rented.