Sendhil Krishnan
Partnering with GC who will cover renovation on 1.3MM house.
I know a local builder who brought up an interesting flip proposal. A SFR here locally is going for 1.3K and requires approx 250K in renovations. The ARV is approx 1.7MM. He has already put in an offer for 1.15 at thi...
Nicolas Banjany
hard money lender numbers?
Can anyone share with me the numbers for the hard money lenders so i can get a better idea of how it works and things i can look for? Numbers like the downpayment, price of the house, closing/holding cost and monthly ...
Tyler Watts
How to answer the banker asking about RE-FI
This is my first re-fi and it is on a duplex. Bought 1 year ago with conventional financing and utilized a LOC to rehab. Bank told me that a re-fi will be based on the appraised value, not the loan or purchase price ...
Jamison Schweitzer
Will someone review this deal for me?
Hi Bigger Pockets community,Could I run some numbers past you just to see if I'm on the right track with this property? This is a duplex (recently illegally converted from a single family) - but that's another story.....
Jason L.
How to Optimize Investing with a HELOC
I own a couple of units in the Tampa Bay area in Florida (I am a long distance investor, as I live across the state), and I recently took out a $95k HELOC against one of them. I've been trying to think about how to de...
Karen Bidwell Hinz
Tax implications o self directed IRA to pay off existing debt
I have a self-directed IRA with about $120,000 in it. Unfortunately I also have about 110-130 thousand dollars worth of unsecured debt via credit cards. Just wondering what the tax implications would be if I use the w...
Michael Hodde
First multifamily deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $190,000
Cash invested: $60,000
Cashflowing Duplex with potential to convert to Triplex
What made ...
Account Closed
Investing with Partners
Hey friends!I'm debating going into an LLC with 2 other people in which we will start an account, add our personal money in on a fixed basis, and buy our first property with a standard mortgage. We're all carpenters a...
Ray M.
Would I be double taxed?
If I were to direct deposit money from my 9-5 job into my business bank acct. Would I be taxed on that money 2X....Once for personal and once for the business?Also, would this violate keeping personal money/business m...
Michael Doherty
How Does Private Money Work for Buy and Hold Real Estate?
I am looking for more info on how a private money deal would work for buy and hold real estate. I know there has been a lot posted in here regarding private money for flips but I couldn't find how it would work for bu...