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Hi BP Community:I am about to finally purchase my first SF rental property. The investment doesn't pass the 2% or even the 1% rule (hard to find these days) but the overall performance looks better than what I have fo...
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Hi everybody, I am not sure if I am getting cold feet or jumping the gun for my first deal. But I have a deal that I am working on as my first rental property. Here is a little bit about the property itself. First ...
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Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
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Hey all,My name is Evan. I'm 28 and I live in San Francisco, California. I've been a Bay Area resident for most of my life.I'm a Software Engineer and recently have been interested in Real Estate Investing. I just fin...
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The property is a residential property situated on a 1 acre lot in Sacramento County, California. It includes a primary residence, as well as a detached garage/storage area in the backyard that I am looking to convert...
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I'm refinancing a home with a shared driveway, The bank requires a shared driveway agreement. Do you have a simple version I can edit? That you'd be willing to share?
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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have a guy looking for a 13+ cap rate.
This one looks promising. Any help from you guys?
Purchase $180k
Each 2/1 unit rents for $700/mo
Has 2 car gar for extra income out back, we will leave that out for now.
Tax...
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Hello BP, thanks for taking the time to read and help me out!I'm looking at several student houses in my area (currently a Master's student myself, so trying to multi-task getting my M.A. and real estate investing) an...
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Hello BP Team,I'm in the process of selling my 1st flip via my LLC. I do maintain records and receipts of all of my investment activity for this flip via excel. Trying to understand the Accounting/Book Keeping work ne...