Hello everyone,
I'm a single investor with no partners.
I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).
I just purchased a 2nd rental property l...
Hey BPers,I'm in need of some solid advice/guidance in my situation.I currently have a SFR primary residence in which I rent out two of the rooms. For my W-2 job, I travel a lot and am often times out at sea for weeks...
Here is what I am considering for my 1st deal:
$63k purchase price for a duplex
Rents are $550 each unit + utilities
RE Taxes are $1,517 per year
Here is what I underwrote:
20% down
6% fully amortizing 30 year loan
...
Hello BP!!I always see comments and complaints about investors not receiving a standard job that they receive a W2 from. This of course makes it difficult to get conventional financing for their next deal. I currently...
Hello to the BP lender community,I hope all is going well and everyone is staying safe and healthy!I was hoping I could run this by you and see how it would affect my DTI when doing the refinance part of a BRRRR.To fi...
My situation:
-I live in California and I am closing on a property that will be available for rent effective sept 1st.
- This property is in Conroe Texas
- My plan is to market the rental myself on zillow, hotpad...
Hey BP Fam,
Hope you all are doing well. These past few weeks have gone by as I’m learning and studying REI. I’ve had some thoughts that’s been running through my head on how to go about purchasing my first investmen...
We have some performing loans in the portfolio and have been contacted by a two of our borrowers (so far) who are currently out of work due to COVID-19 lock downs. They are asking about skipping payments until they c...
What is your experience with a Virtual Property Manager (e.g. oversees Virtual Assistant specializing in Property Management)?I'm a big believer in Property Management. A good one is worth giving up cashflow for! I'v...
Hi All,
I'm not new to the concept of REI or buying homes but in terms of deals I guess you could say I'm still a rookie. I'm juggling this while closing on my FIRST investment property in my hometown of Cleveland, ...