
8 November 2020 | 15 replies
I want to hear from experience investors and Realtors on what we should expect in the early/mid part of 2021.Thank you for your contributions.
26 October 2020 | 7 replies
With somewhere between 1-2 years before I am anticipating we will start looking for a new place, I would like some wisdom on how to prep.Key Personal DetailsW2 Income After Tax, Contributions and Benefits: $6000/mthExpenses: $3800/mthRental Income: $2000/mthRental Expenses: $1700/mthCurrent Cash Flow: $2,500/mthProperty 1 (Primary Home - Poway)Market Value (Zillow): $440,000Current Mortgage: $187,000P&I: $780/mthHOA: $415/mthProp Taxes: $260/mthProp Mgmt: $75/mthProjected Expenses: $100/mthProjected Rent: $2200/mthProjected Cash Flow: $570/mthEstimated Gain if Sold: $253,000Property 2 (Oceanside Rental)Market Value (Zillow): $350,000Current Mortgage: $206,000P&I& Prop Taxes: $1300/mthHOA: $350/mthProp Mgmt: $75/mthAverage Expenses: $50/mthActual Rent: $2000/mthCash Flow: $225/mthEstimated Gain if Sold*: $144,000Other Assets:$270k Pre-Tax Retirement$45k Post-Tax Retirement$60k Taxable Account$40k Cash on HandI genuinely enjoy my job and appreciate the benefits associated with it - company is currently WFH but don't expect that to be permanent.
23 October 2020 | 2 replies
We did a full reconciliation of all equity contributions and closing / rental costs and then my in-laws cut me a check to effectively buy their 25% of the business.

23 October 2020 | 8 replies
And of course, thank you to the rest of the BP community who have contributed so much value and insights to newer investors like myself on this forum.I found a short sale SFH and have determined that the numbers will not necessarily work as a long-term rental but will work as a flip.

12 November 2020 | 27 replies
I got all my info from reading BP for free, tho, so I might as well contribute something back to the community.

16 December 2020 | 17 replies
Having an agent, lender, property manager and contractor who all know how to work with investors buying from a distance will all contribute to the success in OOS investing.

8 November 2020 | 3 replies
I bought the house using the AR-LLC money (basically capital contribution).- Do I have to transferthe purchase price plus rehab costs money for the OH property to the new OH-LLC bank account (from the new holding co, then pay that money back to my AR-LLC for the transfer?

27 October 2020 | 3 replies
If you have a lot of money and can deposit it in your local bank or credit union, they may be able to help you with a loan they'll keep in house.If you're trying to go Fannie/Freddie and keep running into normal guidelines, you're going to run into them anywhere (debt to income ratio, loan to value, seller contribution etc...).

27 October 2020 | 9 replies
@Nathan HaggeAs long as you have a meaningful history of employment.

26 October 2020 | 2 replies
But many of these workers have had their jobs reinstated, contributing to a rise in the third quarter to 66.7 from 60.1 in the second quarter.