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Why i cash out refinance?
Im looking into flipping multi family props but all the experienced investors seems to also do a cash out refi before selling the property. I don’t understand why they do this. They are going to make a profit anyway a...
Joe Schaak
Looking for Probate Advice
I could use the advice of all you amazing probate minds out there! The Owner of a property passed away and didn't have a will. She left behind a sister and a daughter. She also left behind a mortgage of $32k owed to U...
Todd Rasmussen
Flipping the throwaway from a portfolio acquisition
Investment Info:
Single-family residence fix & flip investment in Oak Grove.
Purchase price: $73,000
Cash invested: $17,789
Sale price: $123,000
Contributors:
Elyse Rasmussen
...
Jin Moon
Can my wife purchase a rental property from my LLC (Sole Prop)?
I'm trying to cash out refi on my rental property but the appraisals are coming in a lot lower than I expected at 72k (123k ARV getting into the deal Nov 2019). Purchased at 70k and owe about 75k to a hard money lende...
Jonathan Makovsky
Is the NYC Transfer Tax a Progressive Tax for a SFR?
Is the New York City transfer tax a progressive tax? This is from the NYC website for a 'typical' SFR transfer (Link to NYC Website): If the value is $500,000 or less, the rate is 1% of the price.
If the value is more...
Manas M.
rental investment in St Louis suburbs
Hello Everyone,
I am a California resident and looking to make some investments into cash-flowing real estate properties. Since this is going to be my first OOS investment, I want to be somewhat cautious. The real ai...
L. Brown
Opinion on long term lease
Hello BP Community, I currently own a duplex that I house hack. The tenant would like to extend her lease for 18 months. At face value this seems to be a good move- she pays on time, guarantees I will have a tenant wh...
Austin Hughes
Florida NNN Cash Flow - Good or Bad?
A friend of mine is buying a business in Florida & wanting me to look at putting together a group to buy the real estate & leaseback. (He's never been interested in owning real estate, and in the dozen compani...
Suneel P.
Is Homestead worth it for current home
I bought an old house in mid July of 2020 in Austin for my primary residence and I have been staying there ever since. I signed contract for another house(new construction) around Austin and planning to move there and...
Kori Kelly
private money with family member
my family member wants to invest in my next deal but she only wants to give me 30k. its not enough to give them first lien. this is there first time investing. how do i make them feel secure and how would i structure ...