Horacio Gutierrez
How does a ARM 5/1 loan work
In a 5/1 ARM loan can the bank agree to a higher fixed interest rate for a 30 years mortgage when the 5/1 ARM loan is setup or do you have to wait after 5th year and then you will need to refinance into 30 year fixed ...
Heshel Mangel
Rehabbing Folly Advice
In middle of a rehab in Cincinnati and stuck with 2 questions. 1) Apparently the one who measured our counter tops wasn't all quite accurate and we are left with a sink that is not centered with the windows, what woul...
Shane Bracewell
First duplex purchased, seeking advice on my plan going forward
BP Community,First I just wanted to say how grateful I am to have found this community. Without all of you, I would not have had the courage to build connections and pull the trigger on my first investment property. ...
Raquel D.
Coin laundry for 4plex - replace machines or use a service?
Hi everyone,I need to replace a gas washer and dryer at a 4plex in Dakota County. The units were recently remodeled, and the laundry room is the only thing left to tackle. Currently there is one coin operated dryer...
Daniel Trzaskos
To 1031 or Not to 1031 - Offset Capital Gains
So.. odd situation that I'm having trouble getting a solid answer to. Partner and I bought a MF property via LLC which now under contract. Partner does not want to go the 1031 route and is ok with the capital gains hi...
Sam Liberow
Syndication Tax Question
Hello,Some clients have been interested in investing in a syndication deal using their self directed IRA funds. When discussing it, the following came up that I’m very curious about. If I’m a general partner/sponsor o...
Bienes Raices
Garage doesn't have a ceiling
My offer was accepted on a short sale (which I would rent out if it goes through), and now I'm waiting. The house is two bedrooms, 1 car garage, single story, with one of those narrow attics you where you have to walk...
David Wurzel
Flipping Without "Flipping"
I’m looking for feedback on turning over properties not requiring a contractor. I have no desire to “flip” in the contracting sense of the word.Is a successful strategy focused on a majority of wholesale or retail pro...
Amir Navabpour
Flood insurance worth it?
I just realized that one of my rentals in Lees Summit is in a flood zone. According to Redfin its in an area of "Severe" risk of floods. I got a quote from my Insurance broker, and he was saying flood insurance is a...
Becky Kowalski
Triplex Rental: 2 long-term, 1 short-term
Hi!I recently bought a triplex in August that came with 2 long-term renters. The long-term renters have been in there awhile and are fantastic! However, their combined rent doesn't quite cover the mortgage and expen...