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Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...
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I understand the concept of hard money loans, but I'm currently navigating the process of applying for one myself. The lender plans to finance 80% of the purchase price and 100% of the renovations for my property, whi...
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Hey. Can anyone please let me know what would be a good way to get/make basement drawings to submit to city for permit ? - Total newbie here.
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Hi BP community,
So my friend is spinning their wheels a bit. They are planning to put a detached ADU (accessory dwelling unit) on the property containing their SFH (single family home) in southern California. They ...
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I am managing our first property by myself for the first time. I am doing it "by the book" - Brandon Turner's book. Rent is $1500/month for this SFH. I have two applicants (single mom and a couple) who seemed grea...
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As the saying goes, when you fail to plan, you plan to fail. When you start a business, this is especially true. Making decisions that do not line up with your short- and long-term goals will come back to haunt you. W...
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Hey everyone,
I finished renovating my first SFH rental and have approved my new tenants. I set minimum qualification standards and waited for the tenants that exceeded them. It took time, but I’m really glad I did a...
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I've seen various posts from new investors who want to get into the game, but can't, because the hard/private money lenders do not support first time investors. Experience is required. Not so anymore! One of my ...
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A question that we get:
"Does the IRS require site visits for cost segregation studies?"
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conduc...
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Hi all - I am in the process of buying a duplex property within the Pittsburgh area, and wanted to gain expertise from the members of the BP community. As I am looking to start financing the deal, I was wondering if y...