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5 April 2024 | 20 replies
I will get into details as to who is on my loan phone call list and who I ended up doing business with as soon as I close and I hope it will help the next person going through what I did.
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5 April 2024 | 1 reply
I’d like to touch base with someone in the field as I have some questions as it pertains to the job itself and what any similarities/differences to a PA building code inspector might be.Any help or pointing in the right direction is greatly appreciated!
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5 April 2024 | 2 replies
.- Small notes section to elaborate on property calculations, such as noting the calculation was based on a loan assumption or short term real estate strategy - Ability to edit name of calculation to something other than the address.
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4 April 2024 | 32 replies
A phone call might be nice too, so I can explain any further questions you might have.
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6 April 2024 | 5 replies
Since this isn’t a “fixer,” and you’re going the FHA route, you’d have to go out-of-pocket for the remodel/upgrades or get a construction loan based off the ARV, which is generally going to require 25-30% down unless you go with private money, which will have much higher interest.I see it’s pending, so maybe you got it under contract, but if not, I know you can find a good deal out there, even if it’s a smaller starting point.
3 April 2024 | 3 replies
Do I simply jump in with a rental that would (based on the calculator here) give me a 16.56% CoC ROI and move forward from there?
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5 April 2024 | 5 replies
It is common that sometime floodplain maps are not always up-to-date based on current conditions, and thus you site may actually be above the floodplain elevation.
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5 April 2024 | 7 replies
You are in the same boat as we down here in the Dallas, TX areas... rates and the base % of Deductables are going up!
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5 April 2024 | 9 replies
Call me difficult all you want, but I'm posting an important warning to the BP community: you cannot set your S-corp salary based on some rules of thumb, such as this 60/40 urban myth.That said, there is also no such thing as paying yourself out of a disregarded entity and no such thing as an LLC "owned" by an S-corp.Now you make me guess what your actual setup and your actual intention is.
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4 April 2024 | 2 replies
I reached out to friendly investor; we are having a phone call tomorrow.