Zach Schnoebelen
Should I hold or should I sell?
I bought a foreclosure to initially do a BRRR strategy but a lot more has been wrong with the house than expected and went way over budget. Now once refinanced rent will not cover mortgage. I’m looking long term but w...
Winston A.
Building Basis - "Adjustments for Items unpaid by seller" on HUD
I am trying to calculate my building basis for tax purposes.
Can I add the items under the heading "Adjustments for items unpaid by seller" on my HUD statement? Specifically, "County taxes" on line numbers 211? Thi...
Chadd Woo
Advice for College Student w/no student loans
Hello all, I'm a 22 year old senior in college and I'm looking for some advice and words of wisdom on rental property investment. I do not have any student loans and I live with family. A majority of my salary goes in...
Jeff Cliff
how do I go about rehabing?
Hello,I am in an escrow for a property in CA in a coastal town that has amazing views but requires major rehab work. Estimates I have gotten from a few different contractors vary from $150K to $200K.With my current da...
Ben Shipley
4 duplexes for sale- How do I make this deal work?
Hey guys! Im reaching out to get ya'lls opinion on how I can make a deal work. Right now I can buy 4 duplexes in my area (right next to a major University) that are each 2/1 for $600,000. Rents are at $650 a unit whic...
Juan Zabala
Converting properties to an LLC name
Good morning Bigger Pockets team. I am currently having an issue as I go to refinance some of my properties. When I initially started investing I invested in my own name. The lenders that I was working with at the tim...
Bill W
First deal advice
Just looking to do our first deal. Partner and I have 60k to get started. We are both very handy and can do much of the rehab work ourselves. Are thinking of starting out slowly with this, and buying a reo starter hom...
Scott Donahue
Closing Costs on Residential Cash Out Finance
Hey BP Forum. What are you all paying in closing costs for a cash out financing?I’m BRRRR’ing properties in the Midwest and doing 100% loan to cost (leaving rehab money invested into the house) with no seasoning. My c...
Alberto C.
"as is" contract.Radon test came out high.Walk away or negotiate?
Dear all,I am at my 7th day of the 15 day inspection period. I signed a "buy as is" contract, in this way the seller went down 20k. They are a couple moving out of town so they are motivated to sell. The inspection fo...
Raj G.
Landlord tenant security deposit case
Hi, I have a question like in lease it's mentioned that if tenant sue landlord and judge dismiss the case in that case tenant has to pay for landlord's attorney fee.then later tenant sues the landlord over security de...