Abby Flynn
FHA Construction to Permanent Loan (NJ)
Hellloooo BP community,
I recently moved back home to NJ and have been on the hunt for my first property. While I am fine renting while I search for the right investment, my dream would be to build (for my own perso...
Crose L.
property management screening
Can anyone give me info on if its standard for property management company to ask for an interview of prospective tenant. They have already seen bank statements and canceled checks for over 16 months to show that curr...
Joe Boggin
how to approach second property?
i own a primary. i own an investment property. (my investment property was purchased 6 months ago because the deal was wayyyyy to good to let go! it was free!)
there is a second investment property near ...
Omar Rodz
Investor wanna-be. How can I purchase a 2nd property?
Hi there,I watch BP's youtube videos and I find it inspiring. So, I want to do it too. Here is a bit of background:W2: 53K/yr. $1500/mo payment on a $206K mortgage left (390K value). $40K cash/savings. $100K on 401k. ...
Alex Penalva
Questions for landlords.
So I have 2 questions that I need general answers to, and I would also like to have specific answers from Missouri landlords if at all possible.Details of my property in case it matters—— Duplex 1br 1ba in Jennings, ...
Luis Marcelino
BRRR Suggestions & Questions
Good morning all, How is everyone approaching the rehabbing of a property? How are you getting your contractors to price with accuracy? Are you hiring an architect? How much is that usually? Additionally, are there an...
Ashley Wilson
Forecasting Cap Rates
Two Disclaimers: 1. Before everyone comments there is more to underwriting than projecting exit cap rate and it varies by market, know that I already know that, and this post is regarding a general concept and a quest...
Paul Jurczyk
Refinancing Strategy Advice
Hello 👋
I bought a 2 family house in Harrison NJ last year and am looking to refinance. Ideally, I would like to do a cash-out refinance. The property is owned by an LLC of which I am the sole proprietor.
I reached ...
Ben G.
Private Investor Tax Implications
I have an investor who has offered to give me 15% of net profit after a deal closes if I fund the purchase.What would my tax implications be if say I funded a $20,000 purchase and the sell ended up netting him $10,000...
Jay Chekansky
Am I overlooking something while in DD?
Hey BP,I have a property under contract right now and I'm in the DD process. Since this purchase isn't as straight forward as all of my other vacant property purchases, I figured it'd be a good time to invite my "mes...