David Brackney
First time buyer and curious if my math is correct?
The basics:
4-plex containing 4-units consisting of 2BR & 1BA each.
Cost: $265,000 / Estimated mortgage w/ me paying water & sewer is $1,350
1% rule: $2,650
Estimated Rent: $700/mo (tenant pays li...
Daniel Gibbons
Should I hoard capital in preparation for the market correction?
I think we are all reading the tea leaves and understanding the market correction is just around the corner. My primary home has a ton of equity and I'm playing around with the idea of cashing out in preparation for t...
David Eiges
Mortgage Broker did not Disclose Correct Information to Remove PM
In California...I recently purchased a 3-unit home using a low-money down Freddie Mac Loan. My plan is to due extensive rehab which should allow the property to appraise for higher so as to remove the PMI ASAP.In the ...
Penny Clark
How to do rail spacing correction to satisfy insurance carrier
Hi All,Since we had to secure a liability only policy for our mountain vacation rental, they told us we needed to correct the rail spacing and had only a certain time to do it. The posts are 5 inch apart and must be c...
Jim Farrell
How do I correctly quote an author's handle when responding?
This may seem like a very basic question--trust me, I searched for the answer on BP for a while and couldn't find it! How do I "quote" (hope I'm using that term correctly) the name of a post's author correctly so ...
Alain Dax Victorino
Finding the correct contractor to come up with house design
Hey guys!
Do you normally hire a home designer/structural engineer when coming up with plans on how to convert a SFH to a duplex? Or do you just show your sketches to a builder and figure it out with them?
Thank ...
Sean Mcintire
Why does Scott Carson say (correct if if I'm wrong) ...
that he never pays more than 30-40 cents on the $ for a CFD?The strike prices I consistently see on my tapes are 2 -3 times that!How does he get that?Are they all bought in a massive bulk/traunch?Thanks.-Sean McIntire
Pete Edmonson
How to determine the correct equity position to offer investors
I have started marketing to some private investors the idea of giving equity position in a deal, in exchange for down payment funding. I tried unsuccessfully to find some advise on PB Forums to help me determine how m...
Will M.
Anyone slowing down on purchases due to a possible correction?
Hello,I'm new to RE investing and actively searching for my first multifamily property. That said, as my plan is to hold these properties for my retirement, I'm apprehensive to get into the market now as it appears we...
James Sun
Proper way to Correct Sch E Expenses from DST Sponser
My DST sponser made a mistake on the expense amount (off by a factor of 8!) on my Schedule E from 2017 and this year corrected it by adding the missing expense to the 2018 Schedule E. The amount is not trivial and ca...