Hi,I have been going back and forth with a variety of banks and credit unions about possible loans. I want to operate out of my LLC and since I am brand new to property flipping it has been difficult. So far I have ha...
Hi there,
I was recently looking at an FHA owner occupied mortgage for 1-4 units. My lender said that we could count 75% of the rental income towards income towards my debt to income ratio.
However, I recently cam...
Hello BP! Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business? We want to detail the responsibilities, capital co...
Quick question,
So I usually calculate 3% in my deals analysis for closing costs. Or that was what’s recommended to me from other users here on BP. So my question is, what does that include? I know sometimes the sell...
Hey guys, newbie here. I've been doing my research and I'm positive that a househack is the way to go to for my first investment. I know I want to purchase a 4-plex on an FHA loan but I want to know what the real "cat...
Hello everyone! I hope you’re enjoying your day. I just turned pro and have been using the calculators to evaluate multifamily house hacks. I plan on buying this time next year, but I need to learn a lot more about th...
IntroductionOn 1/31/2020, I purchased my first two rental properties. One of which I just sold last week, on 5/27/2021. The following write-up is a detailed analysis on the numbers, from purchase and closing costs...
Does anyone have or know where I can find a detailed/lengthy checklist for purchasing property from A to Z?
Investment Info:
Single-family residence fix & flip investment in Charlotte.
Purchase price: $255,000
Cash invested: $55,000
Sale price: $355,000
Fix and Flip over 6 months:
Reno of Kitchen, ...
Hello,I am in the process of selling my home and was completing seller disclosures. There were couple of questions that talk about disclosing significant defects and water intrusion. Questions are pasted below:1. Wat...