Cody Evans
Wholesaling For Newbies: The Correct Math Equation
Hi BP,I am torn between two wholesale equations. The first being70% ARV -Repairs- My Profit= Maximum Allowable OfferORARV – Rehab – B/S/H – Your Profit – Investor Buyer Profit=Maximum Allowable Offer (MAO)After Repair...
Jason Wang
What happens to HELOC after a correction?
If I took out a 100k HELOC from a property currently appraised at 150k now, what will happen to the HELOC if the appraised value dropped to 90k? Will I still be able to take out 100k even the property value has dropped?
Ron Healy
Is a Radon Problem Ever Not Correctable?
I have an opportunity to buy a SFR foreclosure that may have a Radon problem. I've been told by a friend that's the reason the previous owners walked away from the house and the mortgage.Question - Is there ever a ti...
Shaun R.
Am I reading this correctly regarding evictions
I'm in the process of getting my real estate license in Louisiana. I just read this paragraph and want to know if I'm understanding it correctly:EvictionFor failure to pay rent, the lessee can be expelled. If he has ...
Stephen Dispensa
Where I See the Tampa Market Correcting
So I noticed an aberration in the Tampa market, it started back in December and really gained steam this month. And it's in the availability of rentals. As of today, 1/17/2023 there are 1,172 rental units available on...
Jimmy Lieu
Am I understanding the BRRR method correctly?
I am primarily confused with how to get my money out to repeat the process.
Let's say I use HML and put 20% down on a 100k property so I get an 80k loan from the HML. The rehab cost is 50k borrowed from HML. The clos...
Joseph Triana
Buying into a family members property correctly
I am looking to buy into a family members property and be 50/50 partners after paying them half of their current equity in the property. We will be converting it from a homestead to a rental and was to do it correctly...
Yashar E.
Market Corrections and how to approach them
Hello BPers,As we all spend time analyzing deals and determining “flip” or “buy and hold” I was wondering if anybody here currently runs their numbers anticipating another major market correction. I am not sure if an...
Andrew Pettit
Over Priced? Correction Due? Aquidneck Island, RI
Evening BP, I have been watching RI RE especially Aquidneck Island and it seems to be due for some type of correction, I was wondering if anyone else felt the same?
Account Closed
Am I doing the tax math correctly?
Hi All,I want to confirm if I understand tax implications of a rental property correctly. The biggest confusion point for me is if rental income is taxed on gross income or net income (I think it's gross?)Here's an e...