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As a first time landlord, what would you say was the most important things that you did when you first started out? Additionally, what would you say is the most important things I could do to position myself with my ...
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Hello BP,I am new to the real estate investing and would like to create some fortune by rental out my property as side income. Currently I am living in a condo which I've already paid mortgage for around 1 ½ year. I a...
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I'm looking into lending a condo owner about 22k at about 10%. The note would be backed up by his condo, which I haven't been able to see the inside of because it is currently in litigation. The person living in it bo...
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First time poster seeking legal input. I own a handful of small multi-family units, plus a few single-family rentals all listed under the same LLC. Considering purchase of an occupied quadraplex...from a legal stand...
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MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
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Ask any question regarding multifamily lending with Fannie and Freddie. Topics may include proper expense guidance, COVID-19 escrows and their releases, net worth and liquidity requirements or non-recourse elements. I...
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I have a home we purchased, and we have been doing a remodel on it. We are so close to being done and will move in 2.5 weeks from now. Insurance company tells me it will laps this week unless we provide evidence that ...
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February 4, 2017
Successfully bid on an estate auction property. Property to sold as/is, and will close in 30 days.
The clock is ticking. I have 30 days to either:
a. Find another buyer, and arrange a double closing
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Hey guys so i have a question. Coming up on buying a 51 Unit apartment Complex. 8.23% Cap Rate bringing in 328K after all expenses. I have 2 lenders that will fund. One will do 80% LTC and the other is a Gap Funder th...
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I am starting to very seriously discuss my first deal and I want to make sure I am not getting into a bad deal or over my head. Was looking to start with a fix and flip and use returns for a down payment on a multifam...