BP Team!Long time lurker, second time poster. A property in a Dallas suburb next to my aunt's house has been vacant for 2 years. The owner has lived in Dallas proper (older gent with a much more expensive property) an...
Needing help on how to handle a QuitClaim Deed given by the IRS. Backstory: My parents won an IRS auction and purchased a lovely lakefront property to be their forever home (not as an investment or flip) in East TX. ...
Hi all,Looking for some feedback on our current house-hacking numbers and any recommendations on how to proceed once we move out.We bought our first property in November 2021 (duplex 1/1 upstairs and 2/1 downstairs, C...
Aside from cash, HELOC, or an investor, is there a way to fund the bulk of the purchase and rehab with a different type of loan?Do smaller banks offer "rehab loans" that are not for your primary residence? 203k or som...
Hello again BP, I just bought a Quadraplex and I have some funds to renovate but I need some more to finish all at one time. Family and friends is not an option for me. Which company or bank do you use to get funds to...
Hi Everyone,My name is Jermaine, and I'm a new investor who will be moving to the DFW area next week once my military contract has ended. I am currently looking to establish connections with people, and learn as much ...
I have broken so many rules, some out of ignorance, many not.For instance, I have paid contractors an up-front payment before work is done. And I've been taken. But I also have a very reliable contractor that requir...
Below is an excerpt from a Rental Property Cost basis worksheet taken from Turbotax. Basically they took the amount I paid for the property $83k, then added in some loan costs, plus $2k in Capital Improvements. Then I...
Hello,
In 2018, I had a contractor do a substantial home improvement project to my town home ($29k worth). The project included replacing the roof, replacing all windows, and installing aluminum siding to the exteri...