Daniel Lozowy
Estimating expenses, advice needed
When you estimate expense on an apartment building, I know it's recommended to go with 50% of the gross income. But what about areas where rents are very high? What's the best way to be accurate and conservative at th...
Justin S.
Starting Flipping Business, How Do I Market Out Of Town Buyers
I am currently strictly a buy and hold investor.I am about to start flipping and want to sell to out of town/state cash buyers.What advice can you give me as far as the best way to get in contact with those out of sta...
Cole Simpson
One Of My Financial Regrets In My Late 20's
One of my financial regrets was not buying a multifamily investment property in my late 20s. Instead of taking advantage of multifamily investment opportunities to generate more passive income...Sam Dogen wrote this f...
Daniel L.
Wholesaling Entity P&L, COGS vs Operating Expenses?
I’m ignorant when it comes to accounting…Does anyone have a P&L template that’s best for a strictly wholesaling entity to present to third parties accustomed to reading P&L statements? I see the P&L te...
Shawn Root
Honoring an existing lease
So, if you purchase a multi-family property and one of the tenants has been getting a discount (written into the lease) to do yard work for that property as well as another one that the seller owned, how can you conti...
Nate Culkin
Mobile Home Park in Small Town
I am looking at a mobile home park in rural Wisconsin, right now it is at around 50% occupation and priced accordingly. The goal would be to buy it and raise its occupancy as a project. What I'm wondering though, is...
Bienes Raices
Bank delaying turning utilities on for inspection
The electric is on, but we are having a lot of trouble getting the bank to call and turn the water on for the inspection. The bank is very disorganized, and realtor has been trying for 2 weeks now to get them to do it...
Han T.
Self-Originating Promissory Note and Mortgage
Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...
Napoleon Georgatos
Long Distance Market Research
Members of BP,I'm a rookie at REI and I would love to increase my level of education on the subject in order to have my first deal done by September 2019. That being said, I live in New York City and as we all know, t...
Prithvi Sri
How to move a 1031 Exchange Property ownership to an LLC
I recently sold an investment property and buying a restaurant building in exchange through 1031 . The relinquishing investment property was on my name which I bought many years ago. Now that the investment has grown ...