Eric P.
BRRRR ("fix and rent") in Omaha area
I'm curious if BRRRR ("fix & rent") works in the Omaha metro area. Essentially, the ability to have your purchase price + rehab costs <70% of the ARV, so after you rehab you can find tenants & then refinanc...
Shaun Stephens
What's this park worth?
I'm considering buying a mobile home park. It is in a great location between two small cities, 1 five minutes away and 1 ten minutes away. It's a relatively newer development built around 2000. And all homes are moder...
K Anja
My tenant (in condo) flooded unit below...
I own a second floor condo that I rent out. Last month there was a flood in my tenant's bathroom (she had hooked a device into the toilet water supply; the hose failed, and the toilet shut off valve was frozen). There...
Neha Shah
Buy family home now in the east bay or wait?
We are thinking of buying a long-term primary residence family home (in Lamorinda) but since we aren't in a huge rush and I've been reading a lot on this forum, I'm wondering if there are other options we should look ...
Maurice Blackledge
Using Second Home as Rental Property
Hi Everyone,I live in (MN) and I'm looking to purchase an out of state property with the intention to buy and hold, then rent out.I was talking to a potential lender and was told that I could use the second property a...
Mark Jones
Deductible interest after a cash-out refi
I need some help understanding what interest I can/can’t deduct on schedule E.I did a cash-out refi on the duplex I live in back in August. That refi also paid off a heloc I had on the property. 75% of that heloc had ...
Robert Fornwalt
water bill in quad paid by owner?
I looked at 2 quadplexes this week and both had the utilities split (i.e. gas and electric paid by the tenants) but the water bill was paid by the owner. meaning that there was only one water meter.
is this the norm...
Jordan Archer
How do you make an offer (wholesale) on a property when you don't know the repair costs?
Hey BP,I just sent out a marketing campaign, and my phone is already ringing.Naturally, I want to make offers on these leeds. How do I make these offers without knowing what will be required for repairs? I'll be able ...
Saul Rappeport
seller concession in 1031
Greetings,I am in discussion with a potential buyer on a condo I want to sell. The buyer wants to borrow more than the sale price, and would therefore be doing “seller concessions” at the closing table. eg, if house i...
Matt Good
SFR to multi family?
Can you 1031 your 1 SFR into 1 multi family or even multiple multi family's? Yes, it's an expensive house. I've been told that it has to be a "like" exchange. Please help!