Hello,I have a lending opportunity coming my way. I'm new to this and I'm not sure of all the precautions I need to take, apart from running the numbers on the property, and working with an investor who has a solid tr...

Hi everyone,

I am buying a triplex in the Philly area which is currently supplied with gas heat (for the entire house). The heating unit is very old and would most likely not make it another winter, so I defi...

Hi BP community,About six months ago I posted on these message boards asking for advice and recommendations regarding property management. I am happy to report that after an extensive interview process I hired a prope...

I need some quick tax knowledge.  I've currently accepted an offer of $760,000 on a property with a $655,000 loan.  My real estate agent is getting 5% about $38k so I'd have $64,000 in  capital gains.  How much of tha...

I have a rental in CA where I live that I bought 2 years ago. Now that I’ve joined BP I realize it’s not a good rental investment (thanks to the calculators-although I pretty much knew). I just signed new renters to a...

Can people using their own names instead of an LLC to qualify for a hard money loan, or do you have to have an LLC to get hard money?I am still very new & learning many new things.  One of the things I constantly ...

Looking for a long term rental. Would prefer near the beach but not necessarily on the beach. Where are some undiscovered areas?  Any special tips to note for Florida property?  (I live in Georgia). Thanks in advance!

Investment Info:

Large multi-family (5+ units) commercial investment investment in Augusta.

Purchase price: $68,000

Contributors:
Brian Briscoe,
Heath Jones

(11/12/2020) First synd...