Duke Marquiss
Area 51 - Ever heard of it?
A little over 3 years ago, a friend of mine that new that I purchased mortgages, came to me and said that he had purchased a second mortgage with a face amount of $1,150,000 secured by 51 Town Homes in a nearby town. ...
Logan Turner
Seeking Lender to refinance
I have a SFH in my LLC wanting to cash out refinance. Willing to personally cosign loan.
ARV 140k
Current lien 75k
Seeking 20-30 year amortization, fixed rate preferred, but negotiable. Seeking 75-80 LTV
Location ...
Connor Williams
Income Verification Loan
Just a quick question maybe that you guys could maybe answer because Ive been searching and can't seem to find an answer. Currently working with someone on getting a loan on an investment triplex... It would be a in...
Julio Gonzalez
Additional Benefits from Past Cost Segregation Studies
As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI. A Cost Segregation study is an IRS approved federal income tax tool that increases near te...
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...
Brenda Mercado Baez
1031 - NY to FL. Receiving mixed messages re: SFR v MF
Lurker/1st time poster here! My husband and I own 3 homes: 2 rental duplexes and 1 single home in which we live in. We are looking to relocate to central Florida this year and want to sell one of the rental duplexes. ...
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...