Nick Wehrley
Cost to Build from the Studs
Hey BP,I’m trying to get a very high level idea of the cost it’d take to redo a structure from the studs. Details:Structure is an 800sqft “building” - no interior walls, electrical, plumbing. I would have to relocate ...
Jason Meszaros
First time investor questions
Hi all, First time writing in the forums. I am 22 years old living in Barrie, ON Canada, just north of Toronto. I have been researching real estate investing for a little while now and it is something I have become in...
Michael A.
40 year mortgage option
I’ve been researching alternative financing options for my second property. I have seen that New American Funding, Newfi, and Griffin Funding have a 40 year mortgage with the first 10 years being interest only while t...
Curtis Woods
Should I use my 401k to purchase my 1st rental property?
I currently have a stale 401k with my last company which I'm no longer contributing too and it's been sitting there for over an year. I have a new job and currently contributing to my new companies 401k plan. Would it...
Cory Lader
Would you settle?
Hey BP! I'm wondering what you all think about this question.Would you settle for 5-10% CoC ROI in this high interest rate environment if the asset was located in an appreciating market?
Samuel Botts
Is there a rule of thumb for estimating cabinet replacements?
I put an offer on an SFH for a BRRRR property and it needs some cosmetic work to say the least. Assuming our offer is accepted we're going to have a GC give us an estimate but I was curious if anyone had a typical num...
Mark Andrews
Depreciation basis calc
Suppose I purchase a property for $200k. Is my depreciable base the entire $200k or do I have to back off the amount that is considered land?
Chris Grizzaffi
HELP!! Refi on 1st BRRRR & Private Equity on 2nd - DTI TOO HIGH!!
I am self-employed (I write off a lot), and I purchased my first BRRRR a couple weeks ago. I am in the middle of both renovations and a refi on the hard money I currently have in place. Another property has fallen in ...
Christopher Evans
Collateral File Review
Hello BP Note Investors,Recently had a bid accepted on a CFD in AL. Received the collateral files, reviewed myself for any red flags (break in chain etc) and then sent the files to the lawyer who was recommended by s...
Ayne C.
Cap ex and repair reserves on a duplex
I'm under contract on my first multi (yay!!) and I'm setting up my accounting. Is there a number you like to set aside as cash reserves for cap ex and repairs? Is there a number per property you like to leave in the...