Matthew Spiers
Which Lender Option Should I Choose?
I've posted a couple of times about a 4-unit that I'm building. I initially got my HML in December of 2021 but after some increases in costs and wanting to extend my loan deadline I'm in the process of a refi (I know ...
Danilo Dias
Was I smart to walk away?
Hello,
I just won a bid on a HUD Home.
Winning bid: $150K
Closing costs: $3.3K
Estimated in repairs: $50K (with margin)
Potential rent: $1,850
Potential resale price: $220K-$240K (at $230K, I'd make $211K after ...
James LaFarr
50% Rule for Analyzing
When analyzing a property on a site like LoopNet, do you use their NOI that the seller has listed, or will you calculate your own NOI using the 50% rule or something similar to analyze it?
Mitchel Foster
STR Rentals: December in Phoenix?
Hey all, this is my first December having STR's in the Phoenix area. I'm a little surprised that we aren't fully booked for the most part. Is anyone else seeing some slowness in the market or would have some ideas as ...
Jason Malabute
WYOMING LLC REGISTERED IN CALIFORNIA
I am an investor from Los Angeles. I have properties in Indiana that are in Indiana LLCs.My lawyer was the one who advised me to make a California LLC which will be the single member of all my Indiana LLCs. I heard t...
Derek Daun
Seller messed up - Bank threating to forclose. Is there still in this for me?
I'm in the process of negotiating an offer on a SFR.Offer = 145k. This is buy and hold for me; but I'm guessing the ARV is about ~160k after a little paint, and landscaping. This isn't fantastic deal, but it fits my m...
Alexander Ho
Mitigating liability risk in California
Hi,This is a question I have regarding an income property my partners (3-4 individuals) are looking to acquire. I spoke with a mortgage broker and it is best to purchase as joint tenants with our individual names list...
James Derrick
Beginning in Houston, TX
Hey BP team,My name is James Derrick and I am finally serious about beginning this real estate journey. I am most interested in B&H passive income (possibly multifamily house hack), but am also considering flippin...
Eric L.
Credit reports/scores to exclude tax liens and civil judgements
Market Watch StoryMany tax liens and civil judgments soon will be removed from people’s credit reports, the latest in a series of moves to omit negative information from these financial scorecards. The development cou...
Derek Dombeck
Phone Answering Services Feedback
I am looking for feedback on what answering services are being used. I have been looking at Pat Live, but maybe there is something better out there. Thanks BP members in advance.Happy InvestingDerek Dombeck