Nathan Renner
Rehab loan stipulates I must use General Contractor ontop of Contractor
I've been working on my first buy/hold deal and have hit a small bump. It has to do with rehabbing yourself. My bank is stating that I'm not allowed to perform work myself and I have to use a G C. With this being my ...
Sharyn M.
Rent Credits
When working with Tenant-Buyers I've gotten some questions about rent credits and why they aren't offered when buying one of my properties. While I do offer a certain percentage towards cc at settlement it's not on a ...
Robert Carpenter
HOA super lien states
In so called super lien states courts have apparently ruled that because an HOA's CCRs give them the right to put liens on property of residents behind in their dues, and because the CCRs were necessarily drafted bef...
Bayo Adebowale
Commercial Real Estate mentorship, Need advice
My plan for 2020 is to learn commercial real estate & buy an apartment building through syndication. My question is this: Peter Harris (Commercial property Advisors) or Brad Sumrock or any other mentor you can r...
Moises Suazo
Lease option for expensive homes
Hey guys. I’m in Brooklyn NY where houses here are super expensive. Most are multi-families that are valued at 800k even a million. So im thinking of marketing for single families in queens where prices are 500k -600...
Zebiniso Nancy Rashidova
Cash out refinancing
Hi BP Community,This is my first post here :).My husband and I are rookie investors, and we are trying to buy our first investment property since last April. Unfortunately, we keep getting outbid by cash offers withou...
Michael Mackney
When during a BRRRR should a contractor give me an estimate?
Good morning guys! I am from Long Island, NY, and I am looking into getting my first real estate property out of state, with a potential BRRRR. My question is if I find a property that seems enticing via pictures, age...
Scott Lester
The Depreciation Tax Benefit
I'm putting together a simple LLC to bring a partner into two 4 plex's I'm buying. I typically pay a 40% tax rate so I always include the annual depreciation amount x 40% as part of my cash return. If I'm doing an LLC...
David Cook
Tapping Equity to buy vacation home?
I have a house worth approx 2.3 million with a $450k mortgage. It’s a nice townhouse with 3 units. I rent out all 3 after house hacking years ago. I now rent my own living space nearby. (Didn’t buy my own primary ...
Darwin Crawford
Source for pro-formas for practice underwriting?
Hi Everyone,So I just got my 4th SFR property, a nice condo here in Old Town, and good numbers. I've decided that my next purchase will be a multi-family, I've had a duplex, but nothing bigger. I've got a pretty hea...