Luna B.
Underwater Rental property in California...exit strategy?
I bought a rental property in Clearlake Ca in 2004 for about $125,000 ( A house and studio)I now owe $95,000 on a 1st at 6.25%. CitimortgageIf the house was all fixed up I might get the $95,000, but it is in need of ...
Luke Carl
How Much Per Month On One Million?
In the market for a small apartment building. One million purchase price. Let’s say hypothetically 15 units. What does each unit need to rent for to make it a good deal? Your thoughts?
Nate Crump
True Benefit of Depreciation and Mortgage Interest
I'm not a home owner (31, have a couple good friends as roommates and pay $300 monthly, so it's hard to justify right now), but I've heard of both mortgage interest and depreciation being deductible.
I don't ...
Randall Kates
Massive Fee For Cashout Refinance From LLC
I have a rental that I'm currently rehabbing that I purchased under my LLC that I will BRRRR via cashout refi. I was listening to a podcast and a fella said that it is better to purchase under your perso...
Will Crayger
Estimating Rehab in Tampa, FL
Hello BP Pros,I'm hoping to get some feedback on how others generate "rough" estimates when considering a listing. I know there are dozens of variables that need to be considered, but purely for estimation purposes, a...
Lisa DuFaux
New world for commercial real estate?
I keep reading articles about how companies are changing their plans to accommodate the, now common, desire to work from home. It seems this will have a huge impact on commercial real estate, which I would think could...
Narelle Myke
Sample Letter of Interest/Intent
Does anyone have a sample or template Letter of Interest that can be used for approaching an owner regarding their vacant land?I've searched 'FilePlace' and online venues as well and thought I'd throw this request to ...
Christen G.
Should they stay or should they go? Inheriting tenants?
What's everyone's opinion on inheriting tenants? I've heard a lot of strong opinions on "terminate immediately and start fresh." That's usually based around the theory that this way you can screen the tenants, gets r...
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Is this a good first deal?
All -
I am looking to do my first deal and need some help. The place I am looking at is in Scottsdale, AZ. The purchase price is $217,000 and I have to pay ALL closing costs as the seller has said this is rock botto...
Jarquees Patton
Suggestions or recommendations for niches for beginners ?
What is the easiest niche or investment to start with for beginners?
How much is the bare minimum do you need to flip a house?