Benjamin Dutil
Down payments and bank statements
Hi everyone. I have a question regarding down payment percentage and bank statement requirements. Initially I had a private lender who was going to give me 100% of financing for a purchase. Unfortunately he has said h...
Shawn Swagler
City Inspection Checklist preventing sale of property.
Hi my name is Shawn SwaglerMy business partner, Dave and I are attempting to buy a property from a person who is doing a sale by owner and in 2016 his brother-in-law, who was the contractor lost his family in a car ac...
Douglas Stewart
Depreciation Schedule Expiring
My father in law owns a 176 unit building in Los Angeles. It was built in 1991 meaning the depreciation schedule is beginning to expire. He is worried about losing the tax benefits. How big of a concern is this? W...
Darrell Kirby
Selling a Duplex with 2 Buyers interested
I am selling a Duplex located in Ecorse Michigan. I received 2 offers. They both want all tenants out and I am currently going through an eviction with the remaining tenant who were both not paying. I will have to pa...
Jennifer Huba
Considering Purchase - Opinions?
25 Lots are fully occupied and bring in $6650/m. Most mobile homes are owned by tenants with a few rent to owns. ( Monthly income for RTO is $1k).
Over the next 2 years, I would increase lots rent to bring in anothe...
Jay Wu
Better lenders in Rochester NY?
Hello BP, my partners and I are currently under contract to buy our first investment property (duplex) in Rochester NY. We’re putting 20-25% down on this $130k property. Our current lender came back and told us our ra...
David Schulwitz
I'm a Newbie
Howdy Everyone,
I'm Dave. I'm a 27 year old Air Force officer living in Montana. I've been reading about RE Investing for about 4 years now, but from a combination of bad luck, analysis paralysis, and laziness, ...
Bao Chau Tran
Preapproval in Tampa Florida
Hi,Do you guys know of any lender in Tampa Florida that will do preapproval without requiring all the important documentations first (e.g w2, paystubs, tax transcripts etc)?I would like to sent those documents only wh...
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...
Joshua Paul
Any one used Martel turnkey before?
I'm looking to start buying turnkey rentals in the next few months and I came across Martel turnkey. They seem legit, but I am hoping to get feedback from others who have purchased properties from them in the past. Wh...