Vernell D Watson
Paying back a hard money loan question?
Hello All,I just got off the phone with a private money lender for a potential flip. He offered me 90/100. 90 percent acquisition of the property and 100 percent rehab up to 70 percent of the ARV. The property cost 12...
Caimon Bistis
Rentals without an LLC
Hello all,I recently bought a duplex without an LLC. After the purchase I opened an LLC with 1 other member additionally I opened a business account with that LLC. We used my other members credit card to finance the r...
Michelle Romano
Loan company forcing you to pay for taxes on a P & I loan.
Hello - not sure if this is the right forum but will ask anyway. I have a principal & interest loan on one of my investment homes. I pay the tax and insurance which is clearly stated in the note. In the 9 years ...
Jane S.
I'm considering renting to traveling nurses anyone doing that now? or have done?
True STR scares me but I can understand how a 13-week commitment from nurses would work since the property, a 2 BR duplex, is a block from one of 2 central hospitals in town and a high-rent historic neighborhood (if y...
Max T.
American Water Resources - in Philadelphia (and other markets?)
This company has recently partnered with the city of Philadelphia. I assume they are in other markets as well. For just under $100 per year they will insure your water service and sewer lines. These can cost $4k and $...
Cristian Yepez
Should I buy my first house a multifamily foreclosure?
im planning to get a multifamily house. To live in one side and rent the other one but is a foreclosure. Do u guys recommend to get it with FHA 3.5 down payment and 203k loan and should I get a foreclosure house for ...
Mike Sessa
converting rental properties for access to disabled renters
Hi BP problem solvers!I have a sibling with a disability & have been having trouble finding suitable rental properties that are wheelchair accessible that also accept housing vouchers. Currently there are a shorta...
Myles Mannino
Filling My Mobile Home Park
Hey All,I was able to get 50 new homes added to my park with Legacy Housing, they have a great park program that allowed me use in-house financing. And get deep discounts on there homes. I wanted to let you guys know ...
Meghan Cheek
New York tenant screening
Hello all!
I'm looking to fill a vacancy and would love to use an online platform like cozy or mysmartmove for applications and screening. However, with the new laws passed in NY limiting application fees to $20 and...
Mark S.
Paying LLC Attorney Fees/Costs - From Personal or LLC Account?
So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...