Lawrence Lloyd paclob
Using the correct websites to look for comps
hello BP,I am reaching out as I am looking to purchase my first out of state investment and I want to do my own due diligence on the property comps but I am not sure what are good and reliable websites to use to look ...
Demjan Van Der Kach
How to make a distribution from LLC correctly?
Hi everyone,I live in Phoenix, Arizona and have a rental that is owned by arizona LLC. I have a good problem - quite a bit of cash is sitting in LLC's business account and I would like to get some of that cash out. I ...
David Kay
Triplex Deal - is that 50% rule Calculation correct?
House Cost: $244,000
Taxes: $7,521
Mortgage Payment, including taxes: $1,760
Gross Rents: $40,200
50% Rule: -$20,100
Debt Service: -$13,596
Net Total: +$6504/year
+$271 Per Door Cash Flow
How are my calculations? ...
Alester Thomas
Am I analyzing my Sacramento Multifamily Deal correctly?
Hello BP Community,
New investor here, under contract for a first investment property. Hoping my numbers are feasible as I acknowledge this isn't the most ideal deal.
Property is a duplex in a B/C neighborhood in Sa...
Heather O.
Alert tenants to correct behavior firmly and fairly
How would you word a letter to a tenant who is using a screened room as a storage room?Experiencing tenant with clutter in lanai stacked floor to ceiling seen from the street.Since I have many tenants, I feel like I s...
Account Closed
Step by step Wholesaling -but is it correct?
I found this article on [REMOVED] explaining the four steps of wholesaling. Although it seems pretty legit, I had to post and get feedback.
[COPYRIGHTED MATERIAL REMOVED. POSTER IS DESCRIBING WHOLESALING]
Yay? nay...
Nick J.
Use forum tags correctly to get best benefit
I've been seeing a lot lately the forum tags not being used properly. The idea behind the tags are to easily search relevant topics based on the tag words.
When you go here: http://www.biggerpoc...
Mark N.A
PMI and REOs - am I understanding this correctly?
So a broker told me today that when a bank forecloses on a recently mortgaged property the PMI pays off the bank for the defaulted mortgage. Whereupon the bank turns around and sells off the REO at whatever they want...
Julio Velazquez
How do I know I'm analyzing deals correctly?
Hello BP,I often hear there are deals everywhere, some even say they got their first deal from a listing off MLS, Zillow etc.. I've been using the BP calculators to analyze deals but a lot of the information being ask...
Kgodisho Mononyane
How would I work out the correct ARV?
I was analysing a potential rental investment apartment that looks as follows:R745 000 listing, 2 bedrooms 1 bathroom and its 71m squared.I wanted to do a comparative analysis by taking other properties in the exact s...