Account Closed
How do you properly depreciate a BRRRR'd property?
Good Morning Everyone!I purchased a SFH for $50k cash on Nov 15th. I am investing up to $30k in rehab into the property. I expect it to appraise for $127,450 in 6 months when I plan on cash-out refinancing it 75% LTV....
Isaac Pyle
Proper "Exit Strategy" for Investing in First Home
Hello BP Community!I am curious- I have heard all over that people recommend at least one exit strategy when buying homes. What does this mean? Does that mean crunching numbers in multiple ways, being conservative wit...
Zamir Kazi
How do I properly structure overseas investor funding?
Hello all!I have an investor from London, who is willing to put $750k with our company for a fixed annual yield.How would we properly set up this fund? What are some necessary steps that need to be taken?Thanks,Zamir
Mahinda Horapakse
Appraisal question - square footage not accounted for properly?
My appraisal came in significantly lower than I expected (only a 5% increase from the value the property was appraised at 4 years ago, in spite of values generally increasing 40-50%). Looking at the report, the apprai...
Mariani Andujar
Proper way / format to look for a PML
I am looking for guidance. Interested in flipping properties and would like to know what is the best way/ format to contact a private money lender. I have a potential property in an area that has become desirable but...
Joey Chrisman
How to properly take photos of a flip
https://redf.in/TLLz19this is a perfect example of how to get a flip picture perfect for resale!
Ryan Fisher
How to properly split profits in a partnership??
How should you split profits to keep everybody happy?Looking to go into a deal with my two partners (sister & father), who both have the cash and have both been wanting to get into multi-family investing. The dea...
Jessie L. Hall
Proper process to give non-renewal of lease
We are moving back into our property Jan. 2020 and lease expires Jan. 1, 2020. What is proper/legal and courtesy way to give written notice to the tenant? We did let the tenant know verbally in August that it would ...
Bryan Pham
Figuring out how to properly raise money logically.
Hi BP,A group of people I know recently asked if they can lend me money on my next project but I haven't accepted private funding for my projects up to this point of my investment career. I was wondering what is the l...
Isaak Kalinkin
How to properly setup an owner financing situation.
Hi everybody from bigger pockets.I am looking to buy my first piece of property. I have my eye on a specific deal. It is a plot of land that is on the market for “cash only” .The reason why the property is not able to...