Hello BP,Similar questions have been asked many times but I was hoping to get some advice on my particular situation.I own my personal home and a duplex that I rent. The duplex has ~55k in equity. My initial thinkin...
How do you evaluate a hard money or private money lender?
My company invested in a multifamily in Memphis, TN, with zero occupancy and in need of major rehab. However we don't have any funds for rehab. What are our alternatives, and what do you think of state/ fed sponsored ...
BP!When you refinance a BRRRR deal at a 30 year mortgage, how does the payment on the mortgage work? Hopefully the rental income covers the mortgage and generates cash flow. However it’s a 30 year mortgage for xyz amo...
Looking at a 27 unit complex in SW Florida. Two and three bedroom town homes, built in 2016 & 2017. Have the rent rolls and financials since inception. Fully rented with average rent of $1550. Vacancy running arou...
Hello, I've been reading a few posts regarding rehabbing and I've read that a few members on here do more than 20+ houses a year. Are local banks financing a large amount of houses at one time? I don't think the hard...
Hi everyone,We are going to purchase a house w/ my mom and would like some recommendations on how to best structure the deal. Given it's the holidays I can't call my CPA and lawyer right now, so in the interim hoping ...
I'm still running numbers on properties I can access via the MLS and a friend who is a realtor, just for practice. I then had my roommate look at my spreadsheets because he is a numbers guy and likes to play devil'...
I "house hacked" my primary home without really knowing what that was. We currently have a renter in there but the house is still in my personal name. I have separate LLC's for my rental properties and for some reason...
Back in early July of this year, we closed on a 1,200 sf, 3/2 ranch in our hometown of Brick, NJ. This was another scenario where our agent had been the winning bid at auction and had later passed this property on to ...