I currently have no debt except 2 mortgages that are on rental properties and plan to purchase a new primary residence soon. The mortgages on the rentals (PITI including HOA fees) are $4,451 monthly and monthly rent i...
Has anyone used Business lines of credit to purchase any of their rentals? If so please share your experiences with doing so, and what would you do differently?
BP Nation - Tell me, what are your best STR Upsells? We rent bikes and surfboards at our beach locations and sell cold drinks in our fridges. We're brainstorming 'add ons' for our desert and other future locations. S...
If you have a short sale under contract in your name alone, what is the easiest way to bring on a partner without going back to the bank to change the approved buyers name?
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $800,000
Cash invested: $170,000
I Purchased a 3bd/2bth 1300sf bungalow in DT Austin. In 2018 I took out the...
Hello all! I'm currently looking to house-hack in Columbus, OH and was wondering if anyone has had experience doing a value add while using an FHA loan. I know there is a 203k addition to this loan, but I've heard it ...
Hello,I am trying to buy my first apartment complex. I currently own 11 single family rental properties. I did an interest-only cash out refinance last month and pulled out $914,000 that I want to use to buy an apartm...
Hey BP,
I have a question for anyone experienced in value add deals, specifically large apartment complexes. Being that the rents are below market value, and the loss to lease is high for a lot of value add deals, wh...
Can someone help me with the following two questions?
1) If you set up an LLC (with an EIN from IRS and approval from state) but it turns out you don't have any business during the year, how do you report that for y...
I'm looking for 1. A handyman for small jobs and 2. A GC for rehabs big and small in the Bellevue and Omaha areas.I don't know where to really even start looking or what type of things to ask. It seems like handymen a...