Cody Evans
Cold Calling: Guy Asked Me To Make An Offer. Now what?
Hi BP,I cold called a gentleman today who is a out of town owner and he said sure I am interested in an offer. I told him I collect info and have to do the math on it. Every question I asked him: beds, baths, debt, mo...
Ryan Rossi
Condo/Single unit investment??
I have been seeing some single units pop up here and there. (Condos?) I'll post the links below. I know the area pretty well and know what the rent is like for units in the area. Seems like almost a 40-50% cash flow a...
David Edelstein
Reverse 1031 Funding Question
Here is the hypothetical scenario. The exchanger owns a property that is worth $1.4m with a $300k mortgage. Upon sale of the property the exchanger walks away with $1m. The goal is to perform a reverse 1031 exchange. ...
Nadine Kwiatkowski
Fannie Mae Homepath Negotiation Question
Hi all, First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the a...
Mohamed Nagoor
Flooring question on 1st flip
I am getting GC estimates on my 1st flip. Home built in 1964 has original hardwood floors throughout the home except the kitchen and hallway. One of the contractors would re-stain existing hardwood floors while the o...
Nick Dillaha
Should I sell?? Not sure what to do next!
Hello, BP! I currently own a townhome that I purchased for $123k in 2014. Current payoff is around $105k, with a 3.25% loan. The townhomes in my community sell for around $170-185k depending on condition. Current rent...
Steve Chenoweth
Rezoning SF to commercial (office space)
Hey, just posted about business entities for CRE, here's another topic.
With this house I'm looking at, while its being rehabbed, I would want to rezone it from SF to commercial. It's a 5/2 SF house, 3 full stories, ...
Mark Laird
50% rule for single family properties
Just curious if the 50% rule is accurate for single family residences or is that more a rule of thumb for multifamily properties? Does anyone who invests in single family residences out of their area, like a different...
Sarah Bockoven
Real Estate Accountant- NJ & NY
I'm a real estate investor searching for a knowledgeable accountant licensed in both NJ & NY. Any advice on what to avoid or look for in my search is welcome. Thank you for any input.
James Bradin
CPA Tampa Bradenton Sarasota
Hey everyone,I am looking for any recommendations on CPA's in the Tampa/Sarasota region on FL. I just purchased my second multifamily (first in my hometown in FL) and I know that my tax situation is going to start to...