Scott Williams
Contractor needed for 203k loan
17 June 2024 | 0 replies
We have been through 3 contractors at this point. 2 backed out due to the way the payment works on this loan and one didn't give a reason just stopped responding.
Oz Pariser
Is Rentometer a reliable measure of market rents?
17 June 2024 | 25 replies
Rentometer provided a rent range of $1,852 to $2,258, which is a very wide range.Below is the cash flow for this property based on the low, median, and high Rentometer rent projections.Depending on the Rentometer rent estimate you choose, you will either incur a loss of $94 per month or make a profit of $312 per month.
Sam Booth
Conventional loan for duplex needs roof
17 June 2024 | 2 replies
Any tips to help it go through, seller doesn't want to repair or do anything.Thanks in advance!
Arie Guerra
Tax Law and Financial/RE Planning
18 June 2024 | 4 replies
Some suggestions to make the life of your bookkeeper more simple.Have a separate bank account for each entity and do not run any personal transactions out of each entity(Required, especially if you have an entity).Be ready to spend 15-30 minutes a month / quarter walking the bookkeeper through certain transactions.
Kaushik Sarkar
Real estate CPA questions
17 June 2024 | 4 replies
I went through your other posts here on biggerpockets, it appears that you have tax related questions throughout the year such as selling a primary residence that you lived in less than 2 years.You may want to see if you are eligible to claim partial exemption.When selecting an accountant, make sure you select someone who will be able to answer your questions.
Will Sifert
Another state making changes to their tax sale laws (Louisiana)
17 June 2024 | 13 replies
I believe you still have go through a quiet title process in SC and I know this has caused problems for other investors in obtaining clear title and title insurance in future sales.
James Daley
Need help seeking BRRRR lender for my deal.
17 June 2024 | 6 replies
This is going to be a very tough scenario, I suggest you stop putting money into this deal until you get things sorted on the financing side.I would also be very careful with and sketical about any offers for 100% financing... it will not happen, they are lying 99.99999999999999% of the time.The only realistic way would be for you to find a private investor to come up with the down payment for the mortgage but a down payment will be needed.90% LTC is theoretically possible through a flip loan but in order to reach that level you would need to have a lot of completed projects under your belt over 2 years.20% is possible but with 25% you would have a lot more options.That is part of the issue with this transaction...The other issue is with HOW MANY loans you are seeking...This is not 1 loan because this is not 1 deal...You need 3 loans because you are doing 3 separate transactions at the same time with the same seller.Blanket loans do exist but they are not widely available.Each folio number is a separate deal...
Eric Boshart
DSCR Lender for Senior Care Facility?
15 June 2024 | 9 replies
Does such a thing like this exist, or should we go the SBA cash flow loan route?
Shenell Caldeira
Questions on how to contact the bank for a foreclosure
17 June 2024 | 19 replies
Marty you've mentioned many times over reading through your posts that you tend to contact an owner within 30days of an auction on the home and I'm not sure how to find this information from my NOD list I've acquired.
Amanda McKane
James Dainard, ProjectRE
16 June 2024 | 14 replies
When I first went through the course I established my buy box based and followed his underwriting techniques.