I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...
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Hello my name is David. I say seasoned so maybe not by today's standards. I have over 50 doors but have basically done it the old way by saving up down payments etc. and buying extremely distressed and sweat equity In...
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In earlier discussions, I read about an obscure provision that makes it possible to do a full cash-out refinance immediately after purchase and rehab, without waiting the seasoning period and including the rehab costs...
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I am curious about purchasing a turnkey property but I’m not sure if I would be able to scale such an endeavor. If most turnkey properties have little to no equity? How do you refinance? Is the BRRRR method applicable?
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Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
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Hello BP I wanted to ask if anyone has had any experience with what meathod appraiser's use after building an ADU? I currently am completing a garage conversion and another Junior ADU that will add 1278 sqft between ...
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I have just sent out my first group of probate letters and was hoping some of you seasoned probate marketers could give me your advice. I created a brochure for my LLC to outline all of the benefits that there could b...
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I’ve got a strong credit score. And I’ve got a total of six doors. But I can’t seem to qualify for an additional property due to my debt to income ratio. I’ve owned all but one of these properties for more than 15 yea...
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Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...
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Good morning, my team recently purchased a 3 unit multi-family in Philadelphia. Initially, we planned on hiring a general contractor to do all the work required but after getting some estimates back we realized we may...