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hi, Being a newbie I've question about this rule.does it applies to all type of properties say new properties might not need that much money for maintenance. Or say a condo HOA might cover some cost ? could you please...
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I am looking at Class C SFR. In general, properties are 40-45K with $700/month rent. Applying the 1.5%+ and 50% rule makes the numbers work, but my question is does the 50% rule apply to this profile of property? Any ...
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Hi everyone. I'm trying to buy, fix, and rent real estate and created an LLC with my partner who is putting up most of the capital but he will not handle operations at all. In fact, he won't do anything but provide ca...
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On page 6 of the 'SMALL BUSINESS ADMINISTRATION [Docket No. SBA-2020-0015] 13 CFR Part 120 Business Loan Program Temporary Changes; Paycheck Protection Program RIN 3245-AH34'Under the question 2. What do Borrowers nee...
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Hello Everyone,Has anyone applied for or does anyone have experience applying for the new Atlanta STR license? When they were discussing it last year they only mentioned that a license would be needed to operate STR i...
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Hello BP crew,I am seeking advice from any successful arbitragers operating in the City of Chicago, with more than 1 property & a Shared Housing Operator's License. I know the City has made it difficult to operate...
I've done a handful of personal flips in the past and am wanting to form an LLC with some previous business partners to flip homes in the Bay Area. Looking for opinions on the best way to get an operating agreement in...
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Hi everyone, this is my first post after reading the forums for quite some time. I've been trying to get into the rental business for a couple years, but I've never been able to get approved for a loan. I'm self emplo...
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My father is a GC & I would do all of the paperwork, deals, & cleaning. Any advice on starting this endeavor? And what specific people I should contact before starting. Thanks!
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Hey, I purchased and rehabbed a house last year with a HM loan. Back in November I applied with a new lender for a 30 year fix mortgage. We are cashing out to buy a different property. The lender took until Januar...