Martin Yung
How do B Class and above turnkey properties numbers work? Please convince me.
Hi all, I couldn't get the numbers pencil out after looking at tons of B class and above turnkey properties, here's a hypothetical example. SFH 3/2 Turnkey price: $100,000Monthly rent: $1,000 (most turnkey providers c...
Brandon Hartman
Calling all 1031 Exchange experts - Off standard question
As part of my partner and I's year two growth strategy, we will each be purchasing a duplex with an FHA loan that we plan to separately house hack for two years (me with my girlfriend, he with his current roommate). ...
Kim Handelman
HUD
Hi All, I found a good wholesale deal but the statement says "Is subject to HUD guidelines 24 CFR 206.125". What does this mean? Is this a house that can be wholesaled to a flipper?
Mario F.
Do I need a business license to start Airbnb?
Hello, I just purchased a fourplex in Inglewood CA. I'll be living in one, my mom in another, while the two others will be STR. I'm wondering if anyone has any advice on how to proceed from this point as we will be ...
Frandizon John Reyes
Debt to income ratio when you have rental properties
How do you calculate debt to income ratio when you have rental property? Are we using gross rental incomes or net? I own two 3-unit buildings in the Chicago area and live in one of the units. Total gross rental income...
Jill Widmer
Purchasing a short term rental
Hello,I was hoping to get some advice on whether this was doable. Interested in purchasing a property-single family home or condo in Florida or Texas along the gulf coast around the $500k-$600k range. Planning to rent...
Maarifa Arnett
Bad neighborhood, Bad house, should I?
Another dilapidated property that my family owns in Memphis that they have stopped paying on. The back tax is around 5k. The house looks like this My family said if I pay back tax the house is mine. I would do most of...
Tyler Carpenter
LLC
I went onto my secretary of state website and looked at forming an LLC and it was $600. Is this about normal? Are there any sites you have had that you would recommend to be better or cheaper?
Ryne V.
Self employed loans?
Hello fellow BP'ers,
Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...
Kevin Samuels
Bringing a contractor on the very first visit
Hi, my wife and I have been looking at several properties in the Las Vegas Valley. We are constantly trying to find ways to streamline our process so we ca quickly decide if we are going to submit a bid or just move o...