the Scenario:We have an LLC, 2 long term rentals, 1 short term rental, 1 future short term rental about to undergone renovation. I have a general contractors and interior design license. I’m required to have liability...
Has anyone purchased a multi-unit building (around 4-10 units) and done short term rentals in the whole thing? If so, how has it been for you? Any issues with multiple groups vacationing at the same time, sharing the ...
Considering creating (or repurposing an existing llc to) a small real estate management company, specifically to manage properties that we already manage (we are a married couple w/a small portfolio and handle 85% of ...
Any one know of any lenders that do HELOC’s for rental properties? I have one that is worth $185,000 with a mortgage of $114,000 & another that is free and clear worth $70k. Not sure if it’s possible, but I’d love...
Hello, BP community,
I am interested in learning about owner finance underwriting. Currently, I'm evaluating a property where the owner initiated a loan two years ago. My question is: How much equity should an owner ...
My CPA is telling me that I cannot use the sum of all my rental properties losses grouped together as one large loss to offset capital gains of the sale of 2 of those properties. He is saying that I can on only use th...
Hi all,We currently own 6 SF rental homes in the Chicagoland area. All 6 are currently rented out and we have owned them for a minimum of 18 months to 5 1/2 years. Unfortunately, we've had some bumps in the road th...
Anyone have any experience filling vacancies in Jersey City in the Fall to Winter months? Is it really much harder?
I think it would be great if there was a way to have the BRRRR calculator do a loan to cost formula in the Purchase Loan Details section.For anyone using a hard money loan to finance their BRRRR deals, the downpayment...
In one of the most desirable neighborhoods in my state sits a lovely Victorian mansion which was formerly a B&B. It is very dated inside with 40 year old wallpaper and stencils painted in many places on the walls....