Ryan Boren
Buying two homes at once
Hey BP,I am currently interested in placing offers on two properties near me and was wondering how I can purchase both properties under the same loan? Ideally, I wish rehab cost could be included in the loan as well (...
Gregory Schwartz
Exit strategy when purchasing a portfolio / Can you BRRRR?
I understand exit strategies on SFH, multifamily, etc. But what options are available when purchasing a portfolio of SFH. I'm looking at 5 properties all on the same street. How can I structure this deal so that I am ...
Tom Server
203K LOAN? or Personal loan
Hello, I'm purchasing a rehab property as a cash deal. Im looking to do about 25k worth of repairs towards it. I would like to finance the repairs. Would a 203k loan work in this situation or do I have to apply for a ...
Mary R.
Buying a foreclosed house
With all the talk of inflation and deflation, USA debt, the lender problems and foreclosures, and all the rest, If I buy a foreclosed house from the government, is that purchase in danger of anything? Will I be awaken...
Kevin Trumbull
Are wire transfer fees deductible?
Are wire transfer fees that were incurred with wiring earnest money and final down payment/closing costs to the escrow company deductible on my tax return? If so, what category would that fall under on the Schedule E?
Seth B.
Is my cash flow really $135.75/month?
I bought a duplex a couple of months ago. Here are the numbers:
Purchase price $85,000 (I put 25% down)
Monthly payment including taxes and insurance is $585/month
Total rent for both sides is $1,...
Kyle Buchanan
Rental Property Income and Expenses
Hey Guys! My Name is Kyle Buchanan, I'm from Ontario Canada and was looking for some help with information on Rent and expenses. I'm very new to the whole retail investing and looking to improve my knowledge and purch...
Allen L.
What to tell lender when they ask for "Monthly Debt" figure?
Hi guys, I am looking to purchase a 3 flat in the city that I live as a live-in owner-investor. My only other rental property is in TX. If a lender ask me what my Monthly Debt figure is, what exactly are they looking ...
Andrea Hauserman
Include Property Mgmt fee in Cap Rate calculations?
I'm selling a package of 8 duplexes. According to my research a pure Cap Rate does not include property management expense. Haven't used a property manager, however all repair and maintenance expense has been included...
Jill Rene Petik
When to add in payments used to acquire a property
Hi there, I'm trying to (properly) calculate the yield for a potential ADU build that would allow me to house hack my second primary residence. I purchased a new primary residence 4 months ago. I'm looking at a constr...