Gary Hurst
Finance
I have an amazing local banker that mentors us and finances our properties.
However, we rarely get a note over 10 years and some of ours are 5 yr notes.
We still cash flow but very little. I like it be...
Cassidy Burns
Virginia Fix & Flip Complete!
Investment Info:
Single-family residence fix & flip investment in Clifton Forge.
Purchase price: $61,500
Cash invested: $19,894
Sale price: $125,250
Fix & Flip Project. Great return. Se...
Cassidy Burns
Virginia Fix & Flip Complete!
Investment Info:
Single-family residence fix & flip investment in Clifton Forge.
Purchase price: $61,500
Cash invested: $19,894
Sale price: $125,250
Fix & Flip Project. Great return. Se...
Javier Perez
Late lease payments grace period
Hi, This is more of an opinion question I guess. Currently, I do the following for my tenants:1. Send out a notice on the 1st of the month as a reminder that rent is due.2. If payment is not received. 24 hours before ...
Spencer Coomer
BRRRR - How long before the Refinance?
During the COVID years, I know people were able to refinance rather quickly (3-6 months). How has that changed in 2023 (going into 2024) considering the higher interest rates and economic inflation from late 2022 thr...
Gabe Goudreau
Understanding Internal Rate of Return
Hey BP Community,
Recently I've been trying to wrap my head around what exactly IRR is, and how to compute when underwriting a deal. From my understanding, it is the rate of return that an investment offers based on...
Almaz Hayet
Identifying properties in a 1031 exchange
Is it worth your while to identify more than 3 properties in a 1031 exchange? And what would be a good reason to do that. In my situation I need to buy a $440K property(ies), and should I look for 2 properties at $22...
Thomas B.
Cash purchase then refinance?
I'm trying to navigate my way around the best option to finance my 1st income property. I'm looking to invest in small 2/1 or 3/1 single family houses in the lower income neighborhoods of the city where I live. They t...
PK Adi
California rental lease early termination notice period requirements
Hi,My tenant signed an year lease for the period 07/01/2023-06/30/2024 but gave me a lease termination notice on 07/23/2023 without moving in stating financial reasons. They want to terminate the lease on 07/31/2023.T...
DeWayne Mann
buying, holding, and recouping my money
so, im getting conflicting answers from people. my question is this: if i use hard cash or private money to buy, rehab, and hold. as long as i keep my ARV under their loan threshold of 70-80%, i should recoup all t...