Tyler Williams
1031 45 days vs 180 days
If you are using proceeds from a 1031 exchange and Tthe property falls out of contract after 45 days (for example you find the foundation is bad on the inspection, or too costly of repairs, etc.), is there any provisi...
Jill G.
Roommate Closed My Utility Accounts Without My Permission
I'm renting a commercial loft with two other co-tenants. We all have separate leases with the landlord. Under the other two tenants' leases, they are to pay me utilities. They each gave me a deposit. One of the tenant...
Quinyana Mosley
How to purchase two properties at the same time
I live in south jersey and I applied for a usda direct loan. I’m currently waiting to see what I’ll be approved for. I also want to purchase a second property in Philadelphia to rent out for a 2nd income. Can that be ...
Nathan Goff
Converting Basement into Livable unit
Hey team,
I've come across a single family house that has a large basement that has potential to be converted into a living space. It already has a bathroom half built into it.
I was wondering if I need to have any ...
Michael Lopez
Attorney Fees for the Creation of Your Business Entity
Good afternoon BPers. Let me preface this question by saying that I believe that every professional has the right to charge whatever they believe they need to charge in order to reach their business goals. Is $1200-$1...
Harry Williams
Is this a safe deal?
I will be providing the cash for a builder and project manager in Atlanta, who has flipped over 500 homes in the area. We will be governed by a Development Agreement but generally, he will handle the project from star...
Jonathan Alarcon
How to Use HELOC and Refinance for a duplex conversion
Hello,I have a home that I am going to convert into a duplex.If I open a HELOC on the house before I convert to duplex will the HELOC stay open to keep borrowing against after I refinance with the higher value of the ...
Chase Baker
Hello, Rookie Looking for advice!
Good evening! Sorry if this is too much information, but I’m very much a novice who has yet to find any mentors. Thanks ahead to all those who help!
I am 31 and have a house and 20 acres about 20 minutes south of Hun...
Tiju Abraham
Paint exterior brick or put up a fence
Hey BP,I have a question for you guys. If you guys are flipping a house in the 220K price range. Would you put up a fence or paint the exterior brick? What do you think would bring more buyers to close on the house?
Jill Herges
first analysis....
Just want to make sure I understand the 50% rule correctly...this includes all expenses (maintenance, repairs, vacancy, insurance, taxes, CapEx, management) except for mortgage payments??Example: purchase price = 199...