Casey Jones
Hard money loan example/explanation
Hello all, First time posting here. Long time podcast listener. Would someone please explain the below scenario to me? I understand hard money when the ARV is much higher than the purchase price, but what about when i...
KJ Smith
How to establish ARV on multifamilies
How do you establish ARV on multifamily properties? What systems are being used? What formulas? A cheat sheet of steps or a system with ABCs would be great. I've got a 6 unit in my sights and need a little guidance on...
Todd Peoples
Determining best use based on lot size
I have a lot I am evaluating in an emerging part of town near several multi-family and townhome developments. The lot size is 12,250 sq ft with 5 ft minimum front and back setbacks. Price is $40/sq ft which seems exp...
Alicia Waldman
Vetting Hard Money Lenders
Hello All,
I'm new to BP and am using this site as source to educate myself about REI. My strategy is to rehab, buy and hold. I've found a few companies that offer 5 year interest only rental property progr...
Ismail Sogbaike
What to do when the seller doesn’t have insurance
this is one of my clauses I put in my contract that I have sent to the seller. She comes back and tells me that she doesn’t have her home insured. She’s tried many times to get it but the home just needs too much wor...
Therese V.
Calculating Capital Gains When No Ordinary Income
Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
Megan Hannah
Seller financing questions.
Hi everyone, I am looking into my first deal in Portland OR, and have found some potential seller financed deals. This is all pretty new to me so I have some questions. The deal I'm looking at is and below are some of...
Charles Baker
Cost segregation - SFR acquired in 2021 followed by full reno
Scenario: We acquired an SFR in the Southern California mountains in 2021. Over the past 15 months we've been doing major renovations. Work is basically complete. First STR guest has booked for the last week of 2022...
Gani Veer
Need Analysis of Flip
Even though I have experience with rentals, trying to do a flip for the 1st time. Got a property under contract in Beverly Chicago. I am just trying to find a good contractor and money lenders..Purchase at 245k, wher...
Emin T.
1031 After Single Family Construction
Hi,I would like to know if it is possible to do 1031 after construction of a single family house. The house will be sold and we'll buy another commercial, office or again houses with that cash. Can we ditch income tax...