@Tonia EdgestonIf it’s non owner occupied you could get a hard money loan to pay back taxes and repairs but these are short term (typically 6-12 months) then you would need to refinance the propertyYou mention this is also in probate - depending also on other debts etc it all may be for not and you may need to sell to pay off other creditors.

Approaching the end of my first BRRRR (rehab to be done in 2 weeks) and I'd like to reward my contractor with a cash bonus; I'm wondering what an appropriate amount of money is to give him.

**This is my favorite** Buy the rental with seller financing, private money loan, or commercial loan in an LLC.

Are you and your money basically replacing the construction loan? 

If you want to deduct money for cleaning, hire a cleaning company (which I know you said you don't want to do). 

You will use conventional or FHA, but it's VERY hard to win in Northern NJ with an FHA loan on a multi just because most sellers interpret FHA as not having the money instead of an investment vehicle so that needs to be explained.You aren't going to learn much in an online underwriting course as most of those are for commercial properties and no one online can teach you how to underwrite a small multi in Northern NJ because the vacancy, cap ex, taxes, are all different.

I bought a 2Bd 1Ba SFR just outside Indianapolis for $35k in January. I intended to BRRRR the property & spent about $40k total to fix it up. Major issues with the 1st contractor, but 2nd contractor fixed things f...

@Omar Maresstart with a house hackif you don't have enough money to house hack, save up enough money until you dohappy to answer any questions you have here in the forumsgood luck

An example of this would be mixing your personal money and LLC money in the same bank account.3.

I have a team of professionals working alongside me including a real estate broker, contractor, project manager and hard money lender.