James Calabrese
BRRR strategy - seasoning required before refinancing?
Hey BP community,How much seasoning (history of rental income) is needed when going to execute the ‘refinance’ section of the BRRR strategy. I was speaking with Bank of America the other week and was told they’d need ...
Dante Moore
Paying a General Contractor for a Scope of work
I'm new to flipping and wanted to know should I be paying a general contractor to provide me with a scope of work? I have a potential deal on the table and my lender is requesting a scope of work. So I went to a GC ...
Leland S.
What's a current typical hard money rate?
I've got a deal I'm under contract for with a hard money lender providing 12% annual and 3pts on up to 75% of ARV. This sounded like a standard rate so I was going to apply. Just curious if this is agreeable. Any gotc...
Dee Mandrekar
New to Section 8
Hello BP ExpertsI have never considered renting out to Section 8 Tenants but now am thinking to do so. Have few questions so pls help me understand it.1. I have been always doing the paperwork for my tenants till now ...
Anthony Chan
Sold my rental condominium (~15 years in service) - DO I NEED FORM 3115 ?
Hello all - Long story but any help would be much appreciated.• I purchased a small 1B/1Ba condominium in a high rise building in 2004 for personal use.• In 2010, I moved out and decided to put in in service as a rent...
Lee I.
What property type(s) do you invest in and how did you choose what to focus on?
With the many different types of commercial real estate, how did you choose what to focus on at first? Was it a space you worked in/lived in and were comfortable with? Was it what was hot in the market at the time y...
Struggling to land your next rental property? Even in today’s housing market, there’s a great deal out there with your name on it—you just need to know where to look. In today’s episode, Ashley and Tony will share the...
Dan Meier
Title searches in wholesaling process
I plan to wholesale real estate and am trying to clear up some issues. The biggest issue I have at the moment is understanding the timing of when the title company begins a title search on a property. I'm concerned ...
Sovat C.
Vacant 2nd floor Commercial retail/office Space - HELP!
Need help or some suggestions. I purchased a small retail space 3 years ago which had existing tenants, but now I have a vacancy! The vacant space needs some work and it's on the 2nd floor with stairs; no elevator! ...
The combination of saving money and buying rentals is a recipe for reaching financial independence much faster than you thought possible. Just ask today’s guest, who started with tens of thousands of dollars in debt b...