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Hello BP Family,
I have reached my FICO mortgage score goals for the interest rate I want. My goal is to buy a fixer upper in my desired area. Doesn’t even have to be in any good shape, as I will tear down and do a n...
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Hello so I just closed on my first property and thought I was educated with how hard money lenders works but seems I may have misunderstood. So I have a fully funded construction budget of 58k. But it sounds like I ha...
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Good Evening,On a SFH I have as an out of state owner, I have noticed that PM has not collected utilities from tenant since they've moved in (going on 4 mos now). I pay from my account on an auto deduction and expect ...
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I had a situation where AC stopped working in one of my rental unit. The unit was 1 year old and broke unexpectedly. I contacted the company and they came out to look into the issue and said some parts were missing. T...
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Economic Update
(Monday, March 15, 2021)
Almost exactly one year ago, March 11, 2020, the World Health Organization declared a “Pandemic” for the first time in a hundred years. Look at all that has happened in th...
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What rules or guidelines do you use regarding what you can bill back to the project. I'm trying to figure out certain expenses and should they be categorized as personal or charged back to the project. Subsequently, r...
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I have a 3 units in Bay area. Tenants from one of the unit volunteered to lay fake grass in the backyard (500 sqft+) as long we cover all the materials. I am cool paying for all materials, but worry about the liabili...
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Hi guys. I bought a house for 80k. Cash. I put 50 k into it. I am thinking of selling. I am debating if I should 1031.Here is my question. If I was to sell for 209-239. I would be liable for cap gains tax. If I 10...
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I’ve heard that hard money lenders won’t loan on 100% of the purchase price. But I’ve also seen some posts and have heard on podcasts where the borrower was able to purchase properties using hard money without using ...
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Need some urgent advice, today if possible. Our tenant's lease ends on 3/31, it is paid up through the end of the month. The new tenant's had a lease that was to begin on 4/1. The new tenant contacted the original ten...