J Scott
SFH Rental Analysis (Spreadsheet)
As another test of the new BP file vault, and to give back to the BP community, attached is the spreadsheet I use to evaluate single family house rentals.
In general, the red colored fields are th...
Rob Street
Buying non-performing note of abandoned property
I am interested in buying a non-performing note of a property in California that is tied up in BK and has been abandoned for several months. Ultimately I would like to foreclose and acquire the property. The former ow...
Eric Hempler
Pooling Private Funds for investing - what rates to offer?
I decided to pool funds from individuals to start investing in real estate. What interest rates might I want to offer to my investors? Any guidelines I might want to use/
Marcus Auerbach
2018 proposed tax changes
2018 is comming up fast and Washington is debating a tax reform bill. I have not heard anything local from Milwaukee or Wisconsin State level, but I would be curious to hear comments on the proposed tax bill on a fede...
Neel Shah
EIDL SBA Loan advise
Hello BP,
I got message from EIDL today stating: "Your SBA Application No. *** is ready for the next step. Create your SBA Economic Injury Disaster Loan Portal account to provide additional details or requested docum...
John Cantey
Told after closing that the tenant is being evicted
I closed on a property, with the assumption that I would be getting prorated rent and the security deposit. I only received half the security deposit and no rent. They let me know that the tenant was being evicted, co...
Bob Malecki
Suggestions needed to get performing borrower to pay late fees?
We purchased a first position NPL on a single family home in Charlotte NC a few years ago and did a loan mod with the borrower. He was paying consistently until last Spring where he missed 2 months of payments then st...
Account Closed
Going to have LOTS of $$ for 10 days- what to do with it????
I'm in-between houses, and for a period of 10 days, I'm going to have over 1.3 million in my bank account. A friend of mine suggested that I open a high interest savings account (2%) for 10 days and I'll accrue ~$700 ...
Justin Cox
Cash flow on a rental property
Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insura...
David Rocca
foreclosure statute of limitations in Florida.
I'm looking for information about the rules and laws around the foreclosure statute of limitations in Florida. Are there such a thing? From my understanding if you are in foreclosure for over 5 years and still in the ...