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How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
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For the past five years, I have been providing private loans to a builder for new construction projects. Our agreement has typically been structured as an interest only loan, where he puts down 25%+ when purchased and...
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Hey there!My brother and I just picked up our first flip, and all the tools I'm using are telling me it's going to be profitable. However, when I do my own analysis on cash put into the project versus cash we get back...
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Hi All!I am looking at a couple of multi family properties that are due to come up for auction at a county tax forclosure auction. The same individual/LLC owns both. Looking at the title reports that were done by a ti...
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Bought a home in nc paid cash for it. Have my old home i moved from mn. I still own the home in mn at a 4.25% mortage. Trying to decide if i should sell and put money into stock market invest. The home in mn over 20 ...
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Prepare yourself: this is a long post. I wrote this post for any newbies and for anyone with questions about the BRRRR process. I also wrote this to let you know about me and my process. Born and raised in Chicago Ill...
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Hey I am currently getting closer to closing my first BRRR deal but I wanted advice on how ppl went about the cash out refinance step. Is it tougher to cash out refinance when the title is in LLC? Any tips on how to s...
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I have noticed with a lot of questions I see posted here in BP the answers are usually "it depends" or at least some form of that. To be truthfully honest I am some what expecting the same answer here... but I'd stil...
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So here is the situation...
On October 1st my tenant mentioned their washer (purchased by them) was leaking and that there was major warping in the downstairs bathroom (also the washer/dryer room), bedroom, a...