Christian Norman
Our First Fixer Upper!
Investment Info:
Single-family residence fix & flip investment in Detroit.
Purchase price: $54,000
Cash invested: $76,000
Sale price: $170,000
This was our first flip. It was a lot of work, b...
Jeff Belokin
Passive to Active Rental Income question
How can I turn schedule E rental income into schedule C rental income? My aim is to open a Solo(k) and fund it with income from rental properties we self-manage. Passive income can't be contributed into Solo(k)'s bes...
Kevin L.
Leasing to Insurance Customer
I have a property that until recently was rented long-term. When the tenant of 8 yrs vacated I freshened up the place and now plan to lease part of the year short-term and the other part I'm hoping to get a 5 to 7 mt...
Dick Page
college football playoffs?
This could be the second time in 4 years university of utah goes undefted! but still have no chance at a national title. What do you think about the current system?
Brian Naumann
Cash Flow 101 Game
Anyone have any experience setting up a Cash Flow 101 game session? I'm a new investor looking to connect with others interested in playing and learning from the Cash Flow 101 game. Would like some advice from someone...
Ayne C.
Contractor accepting credit cards
The GC handling my rehab doesn't take credit cards. He said he is old school. But I want to get in the travel rewards game so I would prefer to use credit cards. GC mentioned he will need to get set up since I'm no...
Jay P.
Is Schedule E the Gospel for Lenders ?
Does anyone have any advice on what lenders prefer to see in a schedule e ?Do too many write-offs look bad?Is all they want to see is income?Are there any other documents or pursuasion to provide to lenders to show go...
John D.
Working with multiple contractors simultaneously
Happy Memorial Day BPC.I am getting ready to close on my first flip and am considering hiring 2 contractors to take on the project. I'm interested in hearing if any others here have tried this and what your experienc...
Sean Bramble
STR DSCR loan + seller finance
Hey everyone - has anyone used a STR DSCR loan with seller finance in second position? I’ve heard of this being used on multifamily deals, but wasn’t sure if STR DSCR loan products typically allow this... and if not, ...
Ken Buck
Gifting Trailers to Tenants - Any advice?
Hello BP'ers -We are currently underwriting a mobile home park with all park owned homes.>>>The homes are in bad shape and the repairs line item eats 1/3rd of the Gross Income!Does anyone have any tips or exp...