I usually answer, but now is my turn to ask.Dealers of residential lots are allowed to use installment sale method. If said dealer operates as an S-corp or partnership - reporting is fairly straightforward. But what i...
First time home buyer here, so I apologize for the simple question. Looking at purchasing a home with a conventional loanMy agent never went over contingencies or terms with me when placing my offers. She would just a...
HI everyone. I'm looking to get feedback and advice on the idea of using hard money, entirely, for the down payment and rehab, then doing a 12 month cash out refinance (maybe 6 month depending on lender) to go into a ...
Hey BP friends,Does anyone have history/ success using self directed IRA funds to partner in long term hold. My primary interest is for using 3rd party for a Non-secured promissory note to purchase Multi unit buildin...
Does anyone have an experience with these types of phone lines? My understanding is that there must be two POTS lines for the fire alarm and one for each elevator. The building I'm working for is paying almost $1000/m...
Hi everyone! I am a brand new investor. I am looking to house hack in the Philly area. I have been running my own numbers (using the Redfin PITI) and have found that deals have been scarce. I just got a lender and pre...
Recently in order to make heads or tails of statements I received, I translated them into something much simpler in excel rather than the AppFolio statements I receive. This was to understand what money I am still ow...
Hello, fellow investors!Is anyone familiar with the "discounted cashflow" method for evaluating commercial properties, and if so, would you share the formula for doing so (if its not too complicated a formula of cours...
Hi BP! I bought my first property in 2015, a fourplex in Midcoast Maine. Paid $180k, 25% down with $15k repairs. $60k all in with gross rent of $3,300 and cashflow of about $800 per month. For me, this first deal...
Hey Bp's, I am set to close on my first investment property on the 23rd of December. We will be renting out one unit and living in the other. We do plan on building our portfolio by 1-2 properties a year hoping to inc...