Chris Teti
Leveraging Unsecured Lines of Credit
Most people know a hard money lender or a commercial bank, but very few know how to acquire Unsecured Lines of Credit to complement those lending sources to 100% finance their deals. And even fewer people know how to ...
Gino Gonzales
What should I charge for an Acquisitions fee?
Goodmorning BP fam! I need your help trying to figure out a fair acquisitions cost for a joint venture deal. I’m currently in contract with two family friends on a property in my home town. Using none of my own capit...
Alex Silang
Classifying deferred maintenance as "repairs" or "initial cost"
I bought my first property a few months ago. There was a lot of deferred maintenance which ended up adding up to about 15% of what put in as a downpayment. Fortunately, the property is currently cashflowing nicely. In...
Daniel Dawson
Heloc, refinance or portfolio
I currently own two properties, one rental and one owner occupied. Rental has $45k on the loan and rents for $1200 , appraised @ 115k. Owner occupied property has 90k on the loan and appraises @160k. I am going to st...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Kyle Vansice
Project Performance (Profit Margin) - Acquisition through Permit
Hello,Curious if anyone is tracking the difference in their proforma profit margin at deal/site acquisition through permitting? Do you tend to see a reduction in your projected profit due to delays in permitting, addi...
AJ Wong
BIG HELOC Energy: Why large equity lines can be hard to get and what to do instead
With many seasoned real estate investors locked into low first mortgage rates and large equity positions, many borrowers and investors have been exploring tapping second position loans like home equity lines of credit...
Mike Montana
Interest deduction on cash out REFI
If you own a SFR without debt and REFI the property to cash out the equity then use the cash to invest in a syndication or buy another rental, is the interest on the loan collateralized by the SFR a tax-deductable exp...
Michael Wnek
Savings/ Cash Flow Reinvestment Strategies for down payments
I'm interested in hearing what Savings strategies you have used to save up for down payments for new properties. Same question for where to park positive cash flow? Savings Account? CDs? reinvest in other markets? Rig...
Chris Martin
Zillow (Wake county) facts and figures...
Zillow started operating (buying) in Wake county in 2019Q1, specifically on 3/14/19 with a $312,000 purchase. Since Zillow doesn't hold property in their own name, and the holding company names that are disclosed by Z...