Rocky Griffin
What is my 1031 Basis?
I purchased a home for $7500 at auction. I have put $25K into the rehab of this property and am about to list the property for $70K. What is the basis when finding a "like kind" property of "equal or greater value?" T...
John Boore
Solutions to debt/income ratio issue
Hey BP Fam, we’re in the process of trying to pick up another rental property but we’re being told our debt/income ratio has become too high. We have good credit & the down payment isn’t an issue. Any suggestions ...
Reese Robertson
Fund & Grow - Business Credit For Real Estate
Hi All,
I recently saw several advertisements and posts about Fund & Grow business credit for real estate. What has been people's experience with this service? Is it legit/credible? I'm wondering if it can make...
Jason Lum
Financing for STR Condotel units
Hi folks,I just learned that Condotel financing is quite different from other SFH financing. The Loan to Values are the worst and products are kind of bad. Anyone know any institutions other than Finance Factors that ...
Omar Catalan
Using a HELOC
I am able to get a $75k HELOC against my property. What would be the best way to utilize this HELOC to start acquiring rental properties without over leveraging this product? I’m a newbie and would love to hear sugges...
Sanjeev Advani
"Buy Buy Baby to Close All Stores by Year-End, Goes Digital"
Buy Buy Baby is closing all 10 of its stores by the end of 2024, marking the end of its brief brick-and-mortar revival. Dream on Me Industries, the company behind the brand’s rebirth last year, announced the shift to ...
Puri Thon
Advice for First-Time Homebuyers Considering a Multi-Family Rental Property
Hello everyone! I'm a newcomer and I'm seeking your opinions and advice. Currently, my boyfriend and I live in New York City, but we have plans to move to upstate New York within the next 1-2 years. Our goal is to pur...
Zac Celli
Oklahoma City Distressed Properties - Price Range Concern
Hey there BP Community!
I have been evaluating markets (for BRRRR investing) for the past month. I have narrowed it down to the final handful & Oklahoma City (City not Metro) is winning in almost every category e...
Vernell D Watson
Mortgaging a Hard Money Loan in Atlanta, GA
My partner and I used a HML to acquire and rehab a property in Atlanta, GA. We initially planned on flipping the property but have decided we want to hold onto it and rent it out. We need to secure a mortgage loan asa...
Christopher Ruzicka
Types of loans when using BRRR strategy
I'm assuming a conventional loan is used when first obtaining the property then once you rehab and rent it out what type of loan is used for refinance? So there's essentially two loans taken out for one property?