Marie Larcom
Tenants damaged and stole property from our rental property
Our property manager refused to give us the lease agreement and lied about the tenants damaging our property and stealing our property from our home. Two different tenants lived in our home since 2019 and we had not b...
Curtis H.
Does paying mortgage give you equitable interest?
Not sure what forum this goes in but I have an interesting question. This doesn't involve me, but a childhood friend. I'm not sure what to tell him. Here is the scenario as simply as I can put it.* Used family member'...
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, fr...
Drew Slew
How would you retire/FIRE w 500k cash now?
This is quite open ended but what would you do if you made 140k, fully remote work, just moved to Miami (no income tax), and have 3 properties/dabble in the stock market have about 400-500k cash to use aside from inco...
Mal Toto
What is the minimum acceptable cash flow for 100% financing?
Dear All,I'm considering purchasing a property using an interest only HELOC + Conventional loan. It is a 3-family, which after expenses should produce about $360/month (see cost analysis attached). Rents are currentl...
Jason Gettler
First deal advice - buying SFD and building ADU
Hi BP fam. I'm a 32 year old licensed GC in southern Cali. I'm looking to invest in my first property and would like to hear your guys' thoughts. In my mind this is a no brainer but what the hell do I know. I have...
John Tran
Refinance of rental properties
Hello BP Experts,
I have a quick question.
I want to pull out some equity from my 9 existing rentals. Each of them valued about 250K all paid off and cash flowing. First Carolina Bank of GA offer me a $750k LOC fo...
Account Closed
Countertop choices
I was reading an older thread and Will and others suggested granite countertops for rentals and flips. I'm going to be putting in a new kitchen and am considering what to put in for a personal residence. The propert...
Matt Geerts
lease-option a power of sale house
Does this work?Find a vacant house and contact owners.They've been kicked out by the bank under power of sale.I feel that the house is worth 150k as-is, 10k in updates (not big repairs) could make it fit into the 190k...
Chris Seveney
What is the Best Way to Grow as a Private Lender
For those experienced in private lending: This question was posed to me in my membership group from an investor:What strategies have been most effective for scaling your loan volume to $5M+ per month? I'm particularly...