Answer:Try the last three months of the year or the first two months of the new year! Reason 1. Motivated Sellers - With the Holidays, the new year coming, and a new school year approaching sellers are eager to wrap u...
I know the "emergency fund" for your investment properties varies on your comfort level, experience with the market and number of doors you have. My question revolves around capex/vacancy/repairs. From what I've seen ...
Hello everyone!I am Nina and I am currently living in New York City. I was born and raised in Austria and have spent the last couple years living in Vienna, Berlin, London & New York City. Since early 2014 I have...
Ok here's the story, I have a Super MOTIVATED homeowner who just lost his job, got a divorce and has no cash reserves saved up. He want's to walk away from his property but needs $15,000 to find a new place and pay...
Coronavirus - Where Do We Stand Now?Stock Market - Some Positive Signs here.Capital Markets - For the most part are frozen. Freddie/Fannie still doing some loans & some regional banks as well.Social Distancing app...
Hi everyone, this is my first post. Long time listener of BP. I'm all lined up to buy my first Duplex +100 acers. Credit score check, Good paying job building homes check, home is cash flow positive check. They accept...
We purchased a property that we rehabbed in the last 3 months and are looking to refinance to get out of our 10.5% hard money loan. The property was purchased through a LLC so a conventional loan isn't an option for u...
Hello BP friends,
There are multiply arguments I hear when I talk to folks about using hard money loans for rental properties. Some seems to love them, others seems to believe a person is ridiculous for using them. R...
Simple answer might be: consult CPA / get one. I'm trying to see if there's a rule of thumb of sorts.I recently rehabbed a home late last year, and spent a lot of money doing it (it exceeds my income from my normal jo...
As I mentioned in a previous thread, I am refinancing a profitable rental to cover the costs of repairs for a rental that is loosing money but long term I expect a good turn around. The refinance is out of a necessit...