Tim Connaughton
Getting Proceeds from Sale into Roth Vehicle
Hello BP - About to sell my residence and want to get the proceeds into a Roth account. Planning on future RE investing.- Proceeds are in excess of $11,000 ($5,500 ea for me and my spouse) and pencil out to be worth t...
Michelle Marty
Property Management fees
A little back story: I have 5 units (one multi-family, one single family) out of state. I have a local PM to handle the day to day. I know the owner of the company through various networking affiliations and when he d...
Brett Campbell
Refinancing multi single family properties under 1 loan
I have 4 single family homes free and clear that I would like to refinance under 1 loan. Has anyone done this or know of a lender that can help me out?I have heard the term blanket loan and portfolio loan used for thi...
Fred Stevenson
to leverage or not to leverage
My home is paid off, and I'm taking 80% out of my house in a 30 year refinance loan. My plan was to purchase three - five SFR's for cash using 20% of my own cash and 80% from the refinance loan for each purchase. Tha...
Rory Cox
Paying Off Loan vs Re-Investing Cash Flow?
What are some thoughts on saving cash flow vs paying off mortgage faster? Spoke with an older investor today who likes paying off mortgage faster. But could be bc he's been in the game so long he has excess cash flow ...
Lesley Resnick
Idea for a new mortgage type....would this even work?
My BP friends I hope you can help me with this idea. I have not seen any lenders doing this and I am wondering why?I would like a loan that adjust the principal every month and loaned me the difference between my cur...
Amalya Winters
Resale of property within 45 days without improvements
Is it reasonable for a person to sell a property in less than 45 days with no improvements for 30K more than acquisition? Purchased property at 155K cash, selling for 185K. It is a familial transaction to a close fami...
Jackie Liu
Reasonable cost to paint, patch, sand a 10X10 room
Hello BP members, I have a SFR rental location in Indianapolis in the Near Westside area. My tenant of 1 year just moved out recently (work transfer), but during the move-out inspection we found that one of the 10X10 ...
David Moore
Pay the Water Bill or Not?
In the town I invest in, the Water Department will send a bill to the tenant, but the understanding is if they don't pay, the owner is responsible. I've noticed most other landlords in my market pay the water bill, r...
Ram Venkat
Repainting/refacing kitchen cabinets (tenant versus landlord)
Hello my landlord is suggesting I owe 3000 dollars for kitchen cabinets refacing/repainting. Attaching some pictures here. I rented this house for 4 years, it was a new home when I started renting. Do I have to cover...