Matthew Komblevicz
Residential lot, two homes on it, looking to tear down and rebuild front house
8 December 2024 | 1 reply
I have $30k to put into the project.
Kiril Nikolaev
Anyone have experience converting Duplex to Triplex in Oshawa?
8 December 2024 | 2 replies
They said that kind of project would basically convert the property to an apartment building and requires R6B zoning.
Todd Fry
Small Mobile Home Park Financing
13 December 2024 | 16 replies
I have partners that can help fund this project.
Matthew Weirath
Funding first rental
11 December 2024 | 6 replies
Personally I only use my HELOC on short term projects like flips, new builds and BRRRRs where I know I will be replacing the capital within months.You may be better off waiting a year and save up more cash or liquidate your index funds if the returns on a property will be better.
Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.
Michael Adamo
ADU Rental Market Insights and Cost to Build Los Angeles
11 December 2024 | 2 replies
Find yourself a good team who builds ADU's has a project management team and of course has all the licenses and insurances to protect your property.Quote from @Michael Adamo: Hi BP Community,I’m exploring adding one or two ADUs to a property I own in the Miracle Mile area, near 3rd Street and La Brea in Los Angeles.
Chris Johansen
JV best structure
10 December 2024 | 7 replies
Most lenders are going to want to see a few big things from the ownership group. 1) The borrower will be the enitity (LLC, S-Corp, etc) and any owner with usually 20% or more of ownership in the entity will be expected to guaranty the loan, 2) We'll want to see some experience doing similar projects from at least one of the main owners, 3) We'll want to see bank statements showing liquidity enough to cover the intial cash injection (down payment), the closing cost, and some cash in reserve.
Ben Cochran
Should I pull some equity to purchase an STR?
11 December 2024 | 11 replies
Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.
Justin Kennedy
Anyone heard of 51 west Properties based out of Miami?
5 December 2024 | 25 replies
My experience was excellent both projects were completed successfully, on time, and delivered solid returns.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
Hey @Tyler Jahnke - can you provide an update on your Morris Invest project?