Christopher Stevens
ChatGPT can calculate ROI and cash flow
Check this out! I did a test and input this data into ChatGPT: What is the ROI and monthly cash flow on a property purchased for $135,000? - Property taxes and insurance costs are $101 per month- Down payment is 30% o...
Chris P.
To pull the trigger or not
I am looking at a set of two properties located next to each other. One is a 3 bed 2 bath renting for $855. the second is a duplex property with two 2/1 configurations renting for a combined rate of $1280. I found a l...
Kyle Seidel
How I thought DTI was calculated is wrong?
Income: -$3,000 ($2,400 after taxes) salary-$500 ($400ish after taxes) dividends/commissions-$1,575 in rental income for my owner-occupied duplexDebts:-$950 mortgage for my duplex-$50ish for min. c.c paymentHow I thou...
Will Lee
Cash for Keys Eviction for senior couple in San Francisco
Hello BP family! I have another problem that would love to brainstorm and get some feedback on for San Francisco Flat that I would like to get some help on!Scenario:- Landlord/Owner bought 2 br/2ba flat in San Francis...
Britt Smith
What cautions you when buying an existing STR?
I've seen some STR for sale and am wondering, if it is cash-flowing why would someone want to sell it?
David Rey
getting buyer to pay emd
how does this work. my understanding is you need to give earnest money for purchase and sale and then get one from your cashbuyer. but people say you can deposit that as your emd but doesn't mean there isn't for the a...
Ben Bakhshi
Should I expense tax and insurance escrow payments monthly?
This is a bookkeeping question.Every month we make a mortgage payment which includes: Principal, Interest, and Tax & Insurance.I split the payment in Quickbooks Online, so every month our mortgage goes down, plus ...
Jack Sarcia
1031 Boot at closing?
Hello all,To take some cash out of my proceeds at closing would be very helpful in paying off some debts. This is a 1031 Exchange.Is it possible to take $10k and pay the tax due on that amount?
Tyler Munroe
Check my math! Condo conversion project
What's up BP?I have a few properties around Boston and one of them is a prime condo conversion candidate. Problem is I'm a die hard buy and hold investor so really only like to sell property when it can give me signif...
Account Closed
Refinancing out a private lender
I've got a potential deal in the works. I could be purchasing for $30k with $20k in rehab. I've got a private lender (family member) who is willing to lend me an interest only loan on the entire amount.
This will...