Sarah Buchanan
Prospective tenants no-show for tour
I have recently required a new Class C single family property (my others are B+/A- in a different location which rent easily in a day or two). I've had the new property listed for 3 weeks and have yet to have a solid...
Frank Agyeman-Duah
Lender is making my Refi difficult
I'm in the process of refinancing my owner occupied duplex. I purchased this out of state in Cleveland OH, and moved in one units because I work from home. I reached out to a local lender to refi after living for for ...
Robert Drach
Deciding on a tenant...
So I am pretty sure I know what the answer here is going to be, but here is my first dilemma as a new landlord. Took a few applications the other day. Two qualified groups of tenants. Both groups of 4 young adult roo...
Heather Pelletier
Cash reserve?
I now understand the 50% rule but I am unclear about cash reserve. If you have a house you bought following the 50% rule how much cash reserve do you recommend having for the what if's? Is it necessary?
Heather
Account Closed
No tax on $1,000,000 capital gains??
Hello Everyone,I read that if you've lived in your home for the past 2/5 years and you are in the 0% income tax bracket, then all capital gains are tax free.For example, if I retired in 2015 and receive no taxable inc...
Matt Kvalheim
Multifamily Unit Mix - 100% Studios
Hello everyone, I’m wondering what you multifamily investors think of efficiency units (studios). I would normally stay away from them due to higher management intensity and probably higher turnover (vacancy) rates, ...
Julius L Evans
Which comes first the team or the financing?
Hello BP experts. I am BRAND new to this industry and I like it so far. I have watched hours of videos and webinars and I am continuing to learn. Isn't it funny how you can hear something or watch it on YouTube and th...
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Need help on next action
I am meeting with someone who is going into foreclosure. After I talk to her, how would I make sure another buyer comes in to take the sale? Is this done by putting the property under contract? Would an Option Agreeme...
Kenneth Lim
Downpayment
Hi, I would like to know if I see a good deal,
- Should I put a 10% downpayment first before asking my bank for a loan? [b]
OR[/b]
- Should I ask my bank for the loan first and if the bank agreed to loan; I put my ...
Solomon Solomon
How To Structure An Apartment Bulding Wholesale Deals
Hello,I am looking into putting an apartment under contract to wholesale to somebody else. This is my first deal and I want to make sure I can get a buyer for the apartment and If I can't within a period of time, I wa...