Jeff Bridges
Selling Rental: 1031 or eat taxes?
I'm selling a rental property at a profit and intend to buy another rental property to improve cashflow and get into a more desirable and easier to manage rental. I've been running the numbers and trying to figure out...
Didier Bizimungu
Transitioning From Hard Money to Conventional
Hi all! Newbie question here. Once I've secured a hard money loan and used it to buy/rehab a home, how do I present my current situation to a traditional lender when acquiring a conventional loan on the property? Do I...
Charles M.
BRRRR Duplex in Richmond, VA
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Richmond.
Purchase price: $280,000
Cash invested: $100,000
69% post rehab to ARV with 2 units rented for a total of $3,200...
Jeremy Christ
Commercial property financing info needed
Looking at a property that consists of two apartments and a vacant shop front. Looking to remodel and rent the apartments, and renovate and either rent or start up a business (down the road) in the store front. We h...
Matt Beans
Explaining the purpose of the contract to the seller
Hey BP!! I have created a sellers list of vacant properties by driving around, but im a little apprehensive to send letters due to uncertainty. How do i explain what im doing with the property? Do i tell them im bu...
Nicole Austin
Reputable Private Lenders
What are the worries and concerns I should have regarding private lenders? Should I be leary of crooked lenders with my personal information? So many lenders are reaching out to me about my post, how do I know they ar...
Troy Welch
Real Estate inheritance with lien against previous owner
I have a question about inherited property which has a lien against it- from previous owner- and I have no idea how to resolve or where to start.First off, I have vague information but will try to explain it as best a...
Steven J.
Whats the proper way to reject a contractor
I'm working through my first rehab and as I'm interviewing contractors and getting bids some of them just leave a weird feeling afterwards. Sometimes the guys just comes in WAY too low on their bid with WAY too much c...
Bryce Filho
How do I buy out my tenant in common?
Hi BP Members!I own a SFH 50/50 with another person. He is wanting to sell and move to Seattle for his new job, but I want to keep it because it is a great long term positive equity and cash flow rental. The problem i...
Arthur Fuller II
Question on making offers
@Brandon Turner tells us that we should be making multiple offers weekly. My question is what is the best way to do this? I recently set up an alert on redfin.com that tells me when something comes on the market that ...