William Kilburn
Newbie Climbing Mt. Everest - Am I Hopeless?
Hey y’all! I am the definition of newbie. I’ve been interested in real estate for years but never got serious. I belong to the bad credit/no money group. I want to start off with buy and hold investing, but I’m worrie...
Adam Lopate
First deal financing with average credit score
Hi Bpers looking for advice on how to finance my first deal. My credit score is sitting right around 605 and not sure if its smart to get a conventional mortgage or use private money to finance. Which route do you thi...
Charles Smith
Rehab mentorship advice
Appreciate advise on loan services for good credit individuals, no mortgage, need home improvement funds.mid. 600’s..banks,credit unions, etc..appreciate all suggestions
Jack B.
Maintenance budget credit to equity?
It's commonly accepted that principal pay down is really profit, even if not Cash on Cash, as it is still a credit to your asset column. Why doesn't that logic extend to maintenance dollars budgeted from the rental re...
Peter Lee
Availability of home improvement loans in SoCal?
We are currently all cash buyers of distressed single family houses. All of them need some degree of improvement, like landscape upgrades, carpet, paint, some appliance replacement...and generally looking to spend ab...
Gad Amit
Must have LLC for Owner Finance?
I would like to sell my home with Owner Finance option. Should I use LLC to help the buyer establish his/her credit?OR, Can I do it without LLC?thanksG
Clayton Bray
Heloc Rejected for investment, am I doing it wrong?!
Hey BP!
I got rejected from my credit union because I said that I was using my HELOC for investments. Should I just say home improvements or what? Were is the best place to get a 90%LTV loan thats interest only? We ...
Eric Dubrule
Tax credit for lead abatement
In August of 2013 I paid $7,680 for lead abatement. I am eligible for $4,500 lead tax credit through the state of Massachusetts. My question is, do I still claim the 7,680 as a deductible repair expense or do I ha...
David Pham
Journal Entries for Property Purchase and Rennovation
Hello,I'm hoping a CPA/Accountant might be able to point me to the right direction on this issue related to journal entries. I'm stuck with how to classified the renovation that I did for the property in my book. Here...
Brendan L.
Upfront repair costs canceling out cashflow for X years
I'm trying to buy my first duplex. I have one under contract, and I'm trying to determine the initial repair costs.I need to decide between keeping the slate roof and repairing year to year, or just replacing. I'm loo...