Daniel Wilcox-Strickland
What’s the Best type of loan to get for Purchase and Rehab costs?
I was wondering if I wanted to purchase a Foreclosed Home.. What is the best loan to pursue for Purchasing and Rehabbing? Also how much should you over estimate on every project for unforseen issues that may accrue?
Armin Trepic
Cutting the house in half.
I need to get creative. Am I able to take a single family property and transform it into 2-3 units? Is there any laws that would prevent me from doing this?
The house is 4,500 sqft., XL backyard, koi pond, very well ...
Allison Meggison
I met with a seller today and did a walkthrough but I'm not sure
how to calculate repair costs, I'm gonna finish reading the BP book on calculating repairs. It seems like the house needs a new roof and furnace, in addition to minor cosmetics. The owner said these things should cost...
Brett Diaz
Late starter, ready to make up for lost time
Hello everyone, my name is Brett, and I'm from Pasadena, CA (Los Angeles area). I'm 30, completed a master's degree in Applied Linguistics this year, and worked in financial planning earlier this year but got out for ...
Tim P.
Going from 1 property to 2
Have 1 rental property (duplex) that is going fine for several years, but not sure how to acquire additional properties. It wil be years before I can get a down payment so would be 100% finance with PMI. Banks require...
Celia Moore
Will we get another 1031 Exchange extension?
Earlier this year, the IRS issued guidance extending the time periods for individuals currently in a 1031 Exchange due to the Coronavirus pandemic. IRS Notice 2020-23 provides that those performing time-sensitive acti...
Katherine Fusco
Defining terms for new folks: "Maintenance"
I have a question about what all is included under the term "maintenance."There are a few rules of thumb out there for estimating maintenance costs (e.g. 1% of property price/year, 10-15% of rent, $1/sqft/year, etc.)....
Jeff Parkin
MF listings that ARE NOT really multi-family
Okay BP fam, anyone else notice the increasing trend of local agents listing single family; row houses, townhouses, condos, and even completely detached SFR’s, as multi-family in addition to their actual designation? ...
Nick Sheveland
Unpermitted SFH Additions Austin Texas
Hi BP Family! My mom and stepdad are wanting to sell their house and are worried about selling due to having a few unpermitted add on's. This is a 3/2 In 78757 buit in 1958. There is a 385' living room, 12x35' back po...
Johnny Walker
Looking for CPA to help with 401K questions and guidance.
I am trying to decide how to use the money in my 401K to invest in rentals. It looks like my best bet is to liquidate the account to use the money but would like a confirmation before doing that. I want to have access...