Aubrey Ford
Are these normal numbers on a loan disclosure?
Trying to do my first deal and I just recieved a loan disclosure that breaks my deal. With a 714 FICO, 20% down on a $65k purchase they are quoting a rate of 8.5% , adding 4.5 loan points, and a total of $8,825 in ...
Kat Hughes
capital gains exemption on a primary residence that is owned inside a DST?
Hello!My husband and I own a multi family property in Los Angeles. The front house is 3bed/2bath with a converted garage and the back is a duplex, 2bed/1.5 bath each that are both tenant occupied. We want to sell th...
Neera Melwani
Investing in Apartment Buildings
Hi BP! Wanted to get some ideas on how to find smaller apartment buildings for sale either in the Houston or Austin market. I'm looking to make the transition from smaller multifamily units to bigger multifamily / sma...
Chris Allen
Renting a house on a 6 acre plot
I am going to try and explain my question well, but bear with me.My parents and I split a 12 acre plot of land. I built on 6 and they built on 6. If my mother eventually either passes or moves in with me in her adva...
William C.
Capital Expenditures in Florida (Roof/AC)
For any members that invest in the state of Florida, when it comes to calculating capital expenditures (specifically a new roof and AC unit), how long do you estimate the lifespan of these items to be? If you go off s...
Steve Krause
How to refi out of a BRRRR thats Seller Finance
Hey Everyone! I have a few seller finance deals that I am currently rehabing and was wondering if anyone had any creative ideas of pulling the renovation money out while still keeping the seller financing loan since ...
John Blanton
Portion of equity split for KP on a deal?
It seems to be an interesting proposition as you can leverage your net worth to gain equity into a deal, but of course there is downside risk if the deal goes belly up, requires additional capital, or if the loan turn...
Daniel Avery
Section 8 rent increase
Hey i bought some rentals who already have section 8 tenants in them. I️ have noticed the rent is lower than normal and should be increased based on bedrooms etc.
Section 8 sent me a form to complete and told me to ...
Donna Hutchinson
Determining Income qualifications with Section 8
How do you determine income qualifications for Section 8 tenants? Is it different from tenants who aren't on Section 8? Does 3x rent still qualify considering their income is obviously low considering they are receiv...
Walter Lafayette
Note Due Diligence Checklist buying tapes from banks and hedge fu
Note Due Diligence Checklist needed buying tapes from banks and hedge funds.