David Jiang
Farmers Insurance requiring California FAIR plan
Just closed on a place in the Bay Area in an established residential neighborhood. In purchasing insurance for the property from Farmers, I was shocked that they suddenly require an additional fire insurance policy fr...
David D'Ambrosio
Pro Forma Evaluation
I was wondering if anyone had input on the percentages to use when evaluating a pro forma for a rental property. Specifically the vacancy rates and maintenance rates I am seeing are 5% each for Orlando and Indianopol...
Kody King
How much would you pay for this deal?
What would you pay for this deal? I primarily invest in SFHs but an opportunity has come up to purchase a commercial property with rental units and the owner wants me to come up with a price...
The property has three...
Brian Jasinski
Trust Related Tax Question
Question regarding a property held in a irrevocable trust.Home value is $750K, owned outright by the trust - no mortgage.A family member lives in the house, no rent is charged.Meanwhile, the trust is paying for the ma...
Sabrina Savinski
Tax Implications for Rehab Costs House Hacking
I am currently house hacking and occupy nearly 50% of the square footage. Our unit is also going to be the primary rental unit when we move out and will pull in the majority of the income. Our unit has been kind of ru...
Chris F.
Tax Tips when selling stock and moving into a downpayment
Hey BP,I have a large stock position that I sold and was told it is not able to be a 1031. I have a MF deal under contract and would like to add it in as a down payment. Are there any ways I can do a tax deferral roll...
Benjamin Cowles
What happens when collateral is in excess of the loan?
If you use hard money for just a portion of a purchase or say the rehab costs would they use the entire property as collateral ? Or in general is there a way of minimizing your collateral to only what would be necessa...
Dan Naumowicz
Getting ready to offer a deal
We are now managing a 4 unit investment property in Oak Park IL for a family member.After their unexpected passing we found that there was a reverse mortgage on it.Property fair market value is about $335K with forecl...
Joseph Arellano
Question with the 70% rule when fix and flipping.
Does the 70 Percent rule apply to homes with an ARV of 700K+? the higher the price of the home the higher the gap you pay with the 70% rule is. I noticed doing the 70% rule on much pricier homes the offers are extreme...
Alex Flowers
Need help analyzing pro forma expenses...
I recently received an appraisal from an owner of a commercial property I am interested in. The appraisal was done 6 months ago for a pending offer that fell thru. This is my first step into multi-family, so I have...