Fix-and-Flip Investing: Estimating the Repair CostsLet’s assume that you are new in the house flipping game. You probably heard a handful of advice from the experienced investors telling you one of the biggest and mos...
I have a duplex listed for sale. It needs some work. Thinking about doing rehab instead, but could use assistance with funds. There is no loan on the property. Are there lender programs out there to get funds for reha...
Investment Info:
Single-family residence fix & flip investment in El Paso.
Purchase price: $26,250
Cash invested: $52,605
Sale price: $163,000
I partnered on this deal. We purchased the distr...
Hey BP,I'm considering converting a unit in my quadplex to an AirBnb rental. It's a small town of 2500 people that had a gross motel in town. There's minimal to no other options for short term stay in town. I don't wa...
I have many years experience in accounting, bookkeeping, and doing tax returns for personal/small business. However, I do not have any experience when it comes to real estate accounting, which I know can be an entire ...
Me and my father in law are going to a partnership in the flipping business we both are going to use a heloc loan one is going to pay for the property and the other is going to pay for the rehab , he is a carpenter a...
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
Hello Everyone,I am considering a cash out refinance and I came across an article that states I must utilize the money from the refi to improve the property or buy another property to ensure the mortgage interest is a...
Of course we all understand that legal protection is a must. It is worth every penny to hire the appropriate professionals to make sure your business is lawsuit-proof and pays as little in taxes as the law allows. W...
Hi - I am in the process of acquiring long-term single-family rentals in the Indianapolis area and looking to set up an LLC in the state of Indiana. I've read a lot of conflicting information in the forums on how to d...