Colton Sibley
My first deal deal on a quad 9.5 cap ( thoughts and suggestions)
I'm need some help understanding a deal I'm working. It will be owner financed which is a help to him because he is offloading to get into a new business. I need help understanding the Cap rate to look for and to run ...
Bill Schultz
numbers
Very very preliminary. Multi-use commercial space. Purchase price, $600,000. Long term tenants. Net operating income of $150,000 a year. Expenses of $56,000 a year. Cash flow after mortgage, $5,500 a month. No expr...
Michael Plante
Can you create a Corp to flip houses and reinvest the profit?
YES Yes I know ask an accountant
It’s Saturday I don’t want to wait until Monday 😀So could a corporation flip houses reinvesting profits into the next flip to temporarily avoid income tax instead of having to 1031?...
Doug Scarano
Deal on table, I'm leaning away from it, what do you think?
quad located in little Mexico in S. Jersey. $157,500. $3050/month rent, cash. Taxes, water, sewer, trash = $9000/year. Owner buys oil for heat, this year's cost ~ $4000. Seller financing. He wants $37,500 down....
Brian Howse
Duplex, Condo or Rent?
Hello BP community, looking for advice on this topic! - Context: "Girlfriend (23) of 3+ years is moving here in CLT- February 2025. Me (23 years old) been living here for 9 months now. Planning to be living ...
Stephen Turner
Exit Strategies in my Flip does not Happen within terms of HM loa
Hi:Ok, so I'm about to embark upon making my first investment purchase but I have a nagging question in the back of my mind that seems to be bugging me all the time. If I make a solid purchase of a SF property, with s...
Elizabeth Kness
Lender is adding “Rent” to my debt even though I don’t have any
I am currently under contract to purchase an investment condo, non-owner occupied. I live with my boyfriend and do not pay rent or utilities for the last 3 years . He owns his house and pays his own mortgage. My lend...
Eli Kallison
Keeping personal & rental expenses separate (How to fund rehab?)
Hi BP,I am just realizing the importance of keeping business and personal accounts separate. My plan right now is to open a checking account and a credit card just for real estate expenses. I currently own 1 multi-uni...
Bryan Mitchell
Best Real Estate Investment Financial Accountability Tool?
I would like specific examples of the best financial accountability statements/tools (i.e. income statement, P&L Statement) to help me account for all revenue, expenses, per unit per month in order to determine my...
Brandon Heimsoth
How do I report year end expenses?
I'm new to the whole management thing. As for year end expenses, which year do I report them for? For instance, if I pay for maintenance by credit card in 2020 but don't pay the credit card until 2021, do I report t...