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New investor advice
Some times I wonder if we don't go far enough with advice to new investors. Some give great advice on the numbers of investing. But should we also talk about the mind set involved. Are you the type of person who can h...
Barry H.
Borrower asserting costs to close a sale
Hey BP Lenders and Joint Venturers....I have a tough one and looking for guidance. Borrower came to me for $325K in a JV-Lending deal. Standard type deal where I lend the Acquisition and the quantified rehab (no for...
David Watts
Newbie from New Mexico
Hello all, I have been browsing the forums for a couple of days and decided it was about time to join the conversations. I have dabbled in Rei for a few years now, but haven't really made a great push. I enjoy buying ...
David Burling
LLC
Hi folks,I just purchased my first rental property and would really appreciate some advice regarding LLCs. I am financing the property and I have already had the deed placed under the LLC. I've read about how some len...
Tony Marcelle
How important is year built?
Is year built very important when running comparable sales on a house? Everything else about the comps came close enough to being a good match to the subject property except the year built. Let's say the subject prope...
Kamal Datta
Looking for tips to get tenants
Hi,I am a new real estate investor and closed on my first property in Lowell,MA on 10/12. I have the condo on market for rent and looking for tips for rent out soon with quality tenent:https://www.zillow.com/homes/for...
Cameron Weston
What to ask before buying a property with unpermitted ADUs in SD
Hi there folks! Have an interesting situation on my hands and wanted to get some input from the community before taking any action. I am looking at a property right now, here in San Diego, that is a triplex - one main...
Jose Almonte
Who pays for utilities?
So looking into single family homes in the $400K range.
Assuming $150K downpayment the mortgage payment comes out to $2300 rounded.
Property tax is usually around $6300 a year rounded. $525 a month.
Zillow rent ...
Keith Thompson
Deduction phase-out question.
Although I owed a duplex as a primary residence in the past, I'm just now getting into multi-families as investment vehicles- mostly buy and hold for cash flow. My income is moderate, but combined with my wife's we re...
Stefan St. Marie
How do you calculate gross revenue?
Is the "gross revenue" $708.10 or $541.26 for this booking?Is it what the guest pays? Or what the host receives?And is cleaning fee part of revenue?What is the industry standard for underwriting?