Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
N/A N/A
Owner Financing Questions
I have a property I will be selling soon and I was thinking of offering owner financing, but not having ever done that before, I thought I'd ask the following questions to get a little more insight into whether this i...
Lacee Beitler
Online payment - Cozy users
Hi everyone!
For any one who collects rent via Cozy (or any online payment processing), I have a question about when the payment processes vs when it's received:
We love using Cozy and so do our tenants, but Cozy ...
Account Closed
Is 5.8% Cap rate ok in Class B area?
Rental property in class B area.Current cap rate is 5.8%. These are not the actual numbers, but is the actual percentage and actual ratio:I invested $x.xx (say invested $59,000). The $59,000 equality has grown to $10...
Matthew Harrison
looking for financing under 50k
Hello BP...i am just finishing my first complete rehab of a home. Purchase for 15k, put 12k into the reno and beleive the ARV to be around 40k. My plan A is to try and pull a mortgage out of it, 30k, and recoup my i...
James McGovern
What Bank Is Fastest when it comes to Cash Out Refinance?
Would love to know if any bank exists that can do a cash out refinance where underwriting takes less than one week
Victor Peng
Buyers Agent for Apartment Purchases and LOI Terms
Is it common to use a buyer broker/agent when purchasing apartment buildings?What are the typical terms when putting an LOI in your market? (EMD, Pre-Look, Money goes hard when, Days for due diligence, days to close, ...
Terry R.
Duplex - No Comps - How much to offer?
I'm fairly new to investing. I have found a duplex that I am interested in. My realtor cannot provide any comps as a duplex has not sold in the past 5 years. How do I know what price to offer? My realtor thinks the p...
Michael Vaughn
Buying a note in the middle of a trial payment plan
I'm currently in the due diligence of a note, perceived as non performing but as I started to inspect the file I have noticed the current loan services company has reached a 3 payments trial payment plan agreement wit...
Benjamin Riehle
Full remodel turned into quick profit flip
Purchased a fully gut remodel from a local wholesaler here in Tucson, Az 2 weeks ago for $105,000. Our plan was to spend $100-$115k remodeling this property and then list it for sale. Comps in the area were in the $28...