Kyle J.
How do you account for interest paid to private investor?
If I get a loan from a friend/family member/private investor, how do I account for the interest on the loan I pay to that investor? I know if I were borrowing from a bank they would issue me a 1099-INT form at the en...
Benjamin Siller
Newbie Analyzing properties
Hello everyone, so I am looking to start practicing analyzing deals, and I am not very familiar with any area at this point in time. Do I need to know my market well to start analyzing deals or can I start practicing...
Gary Dezoysa
How do people make portfolio loans work on SFRs?
I'm running the numbers on an 80k example house in an Ohio market. 20% down works with a 4% rate at 30 year amortization. Switching to 7% at 25 years the numbers go bad.
Here's an example: 80k house, $800 rent, 54k ...
Yolanda S Cree
:-) Hello, I'm excited to be a part of BiggerPockets peeps! Newbie here
Hi, I'm new to all this. I've been in the childcare industry for over 35 yrs. I operate a licensed preschool out of my home. I'm also a business consultant to other childcare providers around the beautiful state of Te...
Dave Wyman
LOI format / example
When submitting an LOI for a small multifamily property, should I use a lawyer to draft a template to use? Or is there a standard LOI most investors use? If so, would anyone be willing to share an example?
Thanks i...
Ashwin C.
ARV in a crashing market
As of what I understand about the current market, house prices are going down. How do you factor in the declining house prices when trying to estimate your ARV? For example, if I buy a house for 25k and put another 25...
Justin Brin
What percentage is the structure worth vs land for depreciation?
What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...
Karen Margrave
?? Do YOU believe the latest jobs numbers ??
@Bill Gulley @Rich Weese
How many of you believe that the unemployment rate has actually fallen to 7.9%? What is the "actual" unemployment in your area?
How exciting! I guess with all those jobs created there will b...
Kal A.
LLC doesn't own title, use for other business expenses?
I'm purchasing a duplex on a 30 year traditional mortgage. I'm planning to transfer to a LLC after the purchase, understanding the "due on sale" clause is unlikely to be enforced. Got me thinking, even if I had to mai...
Gerardo Vasquez
Fha refi into conventional
Can you refi out of an FHA loan after 6 months into conventional.. then after a year use the FHA loan again as long as second home is owner occupied? Interested in house hacking but have limited capital.