Jack Moran
Market Rate Housing that Cash Flows
I've been looking for some bargain properties that would fit a BRRRR. I haven't found much, but have noticed a handful of properties already in pretty good condition in my market that would seem to cash flow.
I r...
Richard Merkuris
How to figure a NNN property
Hi everyone I've found a NNN property and ran numbers using the rental property calculator but I know I've figured it wrong. My question is how to figure out monthly & annually cash flow? So when I present the inf...
Ray Slack
Question on Basis of Replacement property at future sale
Example. I bought a property for 100k and sold it for $500k so, I have $400k profit.I 1031 the property above property and buy 2 properties one for $400k and one for $100k. a year later sell the $100k property for ...
Rizwan Qadri
Offers of 25% over listing price? What do banks do?
Hi Friends,I am interested in a Fannie Mae property that is listed for 370k and need already a roof to live in. It's 30 years old house and no upgrades have been made to it. Needs at least 50k to upgrade kitchen,appli...
Lauro Torres
Fix and Flip Tax Question
Hey guys I fixed and flipped a house and made a profit. Are there any documents I should be gathering from the closing company and filing on my tax return? Or do I just report the amount of profit?
Jordan Solomon
Commissions in wholesaling?
If a wholesaler does use an agent to find properties, I assume you would have to use this agent to sell the property as well, even if you're doing an assignment (or else there's nothing in this for the agent). My qu...
David Thornton
Rent credit at closing
I am purchasing a 5 unit and 2 unit from another investor this week. The seller wants to only credit me for rents they have collected and leave it up to me to collect rents that have not been paid.They have collect f...
Danae Meurer
Accounting for seller concessions
How does one account for seller concessions from the HUD-1? Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...
Alyssa Davis
How to Calculate Cap Rate and ROI with HELOC
Currently analyzing a quad-plex deal for my parents. They own a house outright and are thinking about taking a HELOC to finance the 25% downpayment. My Question: How do I account for the loan payment (PITI) they'd nee...
Isaac Lane
Any Book Recommendations?
Hello BP community, what are your favorite real estate and business books? I am trying to find some good books to read soon to help me grow and increase my knowledge in real estate. Let me know your suggestions below....