Jacob Benninger
My plan of action, am I close?
Hey Gang,I've been diving into seriously learning my local market for about a week now and I have come up with a to do list about my local area. I would love some feedback to see if i am on the right track.I am from t...
Daniella Steinberg
Depreciation and Tax benefits in proforma
Hi - does anyone include an estimate of tax savings based on tax deductible items into their proforma? I know it is not truly part of 'total return' but I would like to include it in someway to help analyze the TOTAL ...
Nicholas Glatter
Expensive Market House Hack, 0% down, Does it work?
Hi BP champions,
I just recently moved to San Diego. Looking to house hack with VA loan, 0 Down. This sounded great in theory but does 0 down in an expensive market even work?
Here's a demonstration property I rece...
Sheng Wong
Does lenders subtract paper rental losses from your W2 income?
Hi,Aside from my primary residence property I have rental property that is generating profit before depreciation, but shows a loss after depreciation. Will that affect me negatively when i try to get another mortgage ...
Rendy Richiez
When is it “ok”to overpay for a property ?
Today’s market is crazy!! And sometimes just to Not lose a “good” deal we offer a little more or too much. But is it ok? Is yes when and why? If not, why?
Jerry Pedulla
Buying cash vs traditional financing
Hi,Purchasing a 2 family home in Ny. Trying to figure what’s the best way of paying for it. I have the cash or should I open a heloc. My thinking is paying cash to save over 25 k in closing costs. Eventually opening a...
Yogev Finegouz
Making sense of home equity
Hello everyone, I've been looking into home equity loans, Heloc and cash out refinance as a way to finance next deals. Considering interest rates are high at the moment, how do you guys make sense of using the above m...
Dylan D.
Book keeping on flips
Are there any good reads on this topic. As I try to grow and get more deals going this is one thing I lack knowledge on. Do most of you guys keep your own books use a software such as quickbooks or use an accountant. ...
Rick Howell
Loan Features To Avoid: Balloon Payments & Negative Amortization
Among all the paperwork involved with taking out a mortgage, it is very easy to let your mind wander and simply sign on the dotted line. But be careful, you should read through the details of the loan.You have to ask ...
Darson Grantham
Unfurnished vs furnished
I’ve found a property that is a fully furnished 4 plex. I have some comps available but they are unfurnished.
Looking at the photos the furnished apts are not “modern finishes” by any means but more eay 2000s decore...