Mark Forest
Circuit breakers vs fuses
I have acquired a house with screw in fuses. There is a large difference in premiums with the insurance company if I convert to circuit breakers. From reading on the internet fuses seem perfectly safe. What am I mi...
Eric Davis
Maximum Purchase Price Question
I am having the hardest time deciding how to determine this number. I have read many different options but all seem to have their pitfalls.
The first one was simply taking your NOI/Cap rate. However, I'm not payin...
Ryan Melander
Duplex - low income rental property
BP community!I would like to get your thoughts on a duplex in a low income area.This is a property in Louisiana in an oil and gas town, so it has room to grow. The property currently has a contract with the state hou...
Danny Day
What do you budget for closing cost?
Wondering what everyone budgets for closing cost as a rule of thumb. I know this can vary based on county to county, who pays title policy, etc. but I'm wondering generally what do you use off your head.
3%, 5%..7%?...
Herm M.
Does the Land Trust method work?
Can someone explain the land trust method?
Can someone confirm if it works, or if it doesn't work?
Some of the BP members who are reps for transactional lenders are saying that the method works, and others are saying...
Duane Hundley
Rent Allocation For A Property
I purchased a 2br 1b home and have a renter in place to move in Sept. Please help me break down where the income from the property should be put? Here are the numbers.
Purchase Price
$22,000
Loan amount (purchased...
Cason Acor
Dedicated bank account for individual entities?
My question is primarily directed to buy and hold investors who purchase each new property with its own entity (I imagine most will be LLC’s).
Do you also open a dedicated bank account for each entity for the purpos...
Alexander Woyte
What does closing look like, specifically? Double closing?
Hi, I'm interested in wholesaling real estate, primarily because of the lack of barrier to entry when it comes to starting costs. I have a lot of questions, so let me know if you can answer any of them at all. Hope...
Thomas Staub
What’s going on in Cale Coral, Florida? Good market?
I’m considering buying a rental in Cape Coral? Any advice on what is happening in that market?
Daniel Flores
Accidental landlord Tax question
New job is going to take me away, having me moving from my primary residence and hoping to rent the house out. I am wondering how this is going to affect my tax liability on what was my primary residence. Don't want a...