Jim Stanton
Is This A Smart Investment
My better half and I are looking at a two family for $52,000. We estimate about $40,000 in repairs. Once completed we can refi about $80,000 as it's ARV is $100,000. The monthly cash flow using the BP Calculator sa...
Nicholas Stolfa Ryder
Converting a home to a 2 family from a single family
If you have a single family home that is very old (paid off) and needs to be rehabbed, would it be smart to tap into the equity to update it and covert it to a 2 family home. It can easily be a 1 bed 1 bath on the bot...
Phillip Cassaw
Should I sell my house to unlock capital, or rent it out?
Hey everyone, I have a dilema...I currently own a house in the Paradise Valley area of Phoenix. I bought the house in 2012, pretty close to the bottom, and now the home has appreciated to the point where i'd clear a l...
Joshua Icenhower
Are Electrical Engineering Design Services Needed In Residential?
Hello everyone,First I want to thank you all for the support and advice that you provide on these forums. I've been reading through pages of posts and have learned a tremendous amount. Looking to be a buy & hold R...
Ernie Be
Short term rentals(Airbnb) vs Long term
I have inherited my stepfathers house as he just recently passed, and am working towards making this a rental/Airbnb...I am knowledgeable about all the pros and cons regarding each scenario (Airbnb vs LTR) ... however...
Tristan Gardner
Quickbooks for "Active" REI
BP Killers,
Who here uses Quickbooks to track income/expenses specifically for resi flip projects? Which plan do you have? Would you recommend it? Any other thoughts?
Don Konipol
Borrowers: what they say…….and what they mean
Borrowers: what they say……..what they mean1. I’ve established a class A “team”……….. I finally got an attorney to work without a retainer2. I’ve got extensive experience in multi family residential ………………. I live in a ...
Sarah Johnson
Buyer's agent listed property for rent before closing
A day before we close, we found out that the buyer wanted an extension. We have been in closing for 6 weeks already and they are asking for another 2 weeks. We found out that 8 days ago the buyer's agent had listed ou...
Matthew McLean
Canada Deal Analysis, Closing Costs and more tips for crunching numbers
Good Easter Evening BP,
I have been working on a Canadian Relevant Spreadsheet calculator based on J Scott's (Here) which can crunch all my numbers for me. Trying to get estimated %'s and rates and averages f...
Juan Alvarez
Duplex description question
Hello all,I have a few questions. I am currently reading a description on triplex that has been recently made available. I like to see what’s for sale every now and then as I am still in the process of saving enough m...