Ritch Shepherd
LLC questions
If I transfer my rentals to my LLC, do I need to change the ownership name listed for the Insurance, rent payments, and what do I do if the bank ask for the note to be paid?
Brady Hanna
Fireplace Question
So I have a question for all of you seasoned landlords. My wife and I have differing opinions on this, so we decided that BP will be our answer.
On one of our rental properties, the tenants asked us if they could us...
Chase Rawlins
DTI question
Hi Everyone,I was recently reading an article on BP that said they had 15 properties using the BRRR strategy.My question is how are you getting around DTI requirements when refinancing to obtain more properties?I have...
Matt Schultze
Contractor Question
Hi allI am looking to purchase a prop that is going to need more work than I can handle. I am looking to add a kitchen and bath on the main floor of the home. (no idea why there was none before) this will convert this...
Grand Wally
Eviction question
I'm pretty sure I'm about to evict a tenant....
What can I do to safeguard any potential theft/vandalism in between the time I notify the tenant I'm going to evict them and when the sheriff shows up (maybe 1 week)....
Michael Shadow
Bookkeeping question
Anyone know how to record in your company's books a HELOC payment on your primary home that you invested in your business?
Confused? I may be able to explain it better with an example:
$10k from HELOC invested in t...
Dominic R.
Purchase Questions
So here is my situation...
Put an offer on a property 2 days ago. The offer was for $100,500 on a prop listed for $115. The bank had dropped the price from its original list price of $148. They came back w...
Adam Schellhammer
BRRRR questions
Good day BP community,I am interested in completing my first BRRRR deal, but I am uncertain on a couple of things so I will lay out the scenario below. House is appraised for 290k purchase price sjhould come in at 19...
Wells Lange
BRRRR Question
Is the 6 months until you can cash out refinance only if you bought the property with a mortgage? What if I bought a house all cash and used private money to fund the rehab? Could I simply go get a 75% LTV mortgage af...
Tony Castronovo
BRRRR Question
Happy Father's Day! I am putting an offer on a property today and wanted to get some advice. My plan is to leverage the BRRRR (Buy Rehab Rent Refinance Repeat) strategy. I was going to buy the property under my LLC...