I’m trying to decide the best way to finance my first investment property. I plan on doing a long term rental within 20 minutes of my current residence. It’s a growing neighborhood with a hospital being built within 1...
Hello BP folks! My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. This is 2 day...
I hear a lot of stories about investors buying properties and pulling back out their initial capital using the BRRRR method. Great idea! Is it possible to do the same thing but start out by putting 20% down with an FH...
Husband and I don't agree on whether or not we charge a late fee for the first time rent is due, let me know what you guys think.
We just had a lady move in on Feb 1st and this March 1st is the first time ren...
Hypothetically, if a GP were to refinance and return let's say 50% of the initial investment to the LPs. Is that money taxed for the LPs? I would think not since it is returning a portion of their initial capital, but...
Can someone please explain these two terms found in the HAP contract:
"Initial Rent to Owner" ($583) and "Initial Housing Assistance Payment" ($453)
My tenant's rent is supposed to be $675 per month, and I was under...
Hi Guys!
I need some clarity on something. Upon analyzing a few potential deals, I noticed that the properties won't cash flow positively after refinance which makes me think I'm going wrong somewhere.
If a property...
Hello- I am in California and am looking at buying a foreclosure at a trustee sale. The loan foreclosing is in second position and cost is $600k. The loan in first position is roughly $20k. The house is worth 875k....
I want to start sourcing my own deals more effectively. I have a website and need to start driving traffic to my site for deals. I currently have 5 rentals (2 are cash flowing, 3 are being rehabbed/BRRRR'd), 25k in sa...
Hello,I'm extremely dumb and am having trouble grasping the concept of the BRRRR strategy. Specifically where the money flows through each step and how it continues flowing after your first property. I don't mean 'cas...