Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Eric Rich
Different credit accounts under LLC Series.
I'm considering setting up my LLCs in Series and one thing I'm interested in doing is getting separate credit cards for each additional series. Can I do that or do I need everything under the parent LLC? Thank you!
Account Closed
Deposit requirement for a new lease
Hey guys, question regarding the hold deposit for a new lease. I'm requiring the first, last and security of 1 month for a new lease. I think that's pretty standard. One thing I don't know is, do people require yet...
Eric Brauer
Credit Union, Smaller Banks - lower cash to close?
Hello BP community,I purchased my primary residence in 2022, which I'm house hacking. I'm looking to purchase additional 'buy and hold' investment properties this year. Does anyone have experience with using a credi...
Ken Lou
How to protect yourself as a landlord?
Hi everyone, I'm a new to this and I have a single family rental home. It's built in 1950s and a lot of the things in it are not up to current code, for example, windows in the living room and a huge piece of glass, u...
Tim Porsche
Refinancing a Primary Residence Post-Flip
Hey All, got a quick question for you about a hypothetical situation. If you buy a house with a conventional mortgage, as your primary residence, and do a live in flip, then you go to refinance it after a year based o...
Will Rawlings
Successful Repositioning of Triplex in Virginia-Highland
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Atlanta.
Purchase price: $649,000
Cash invested: $30,000
Successful repositioning of Virginia-Highland triplex. This tripl...
Jared Swofford
California resident - Out of State LLC registration in CA.
Hello all,I am a VERY new and green to REI. I know I am a ways off from pulling the trigger on my first property, but I am interested in rentals out of state. I am a California resident and would like some advise from...
Edwin Loredo
Los Angeles: Adding an ADU to a Multi-Family (2-4 units) Property
Hey BP investors/landlords, first post on the forums, and looking to get some advice when it comes to ADUs in the Los Angeles area. I currently own a 2-unit property with a garage that I plan to convert into an ADU. D...
William Joseph
Insurance and flipping
Here is the background:I have a separate entity for my flips. It is a domestic Connecticut LLC and does nothing but hold the flip properties. There is an operating account to pay contractors and purchase materials and...