Julio Gonzalez
Deductible Repairs vs. Capital Expenditures
A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment. This would include architectural fees, new equipment, cost of protec...
Michael Anema
Buying an occupied home in NW Washington
My wife and I are looking into purchasing a sfh in Kitsap county Washington. It's currently occupied by tenants that are under a verbal contract. I've heard it said that the only way to remove tenants is if the home i...
Colin Rimel
University of Montana 5-plex
Investment Info:
Large multi-family (5+ units) buy & hold investment in Missoula.
Purchase price: $812,500
Cash invested: $162,500
Purchased for 362,000
Rehabilitated existing building to 3 unit...
Valeria Valdes
Corner lot in a busy street?
Hi BP,
I am looking into a property that was abandoned for a while and was just listed on the market. It's in a very nice neighborhood but it's in a corner lot on a Main Street. It clearly needs some rehab but what h...
Nathan Ramsey
Starting up in San Antonio
Hello everyone,I am preparing to start buying and rehabilitating homes here in San Antonio, TX.Few questions for the group:How much can a good location boost your home's value? (I.e. it's located next to a popular lan...
Lachaze Smith
New investor thinking about purchasing a multi-family home but i'
I'm in an investment group and we're considering purchasing a multi-family but we don't know where to start. Should we have the property appraised first? The numbers work for us but we are all stuck. Should we have se...
Cherilyn Jorgenson
PM Contract questions
Hi All,
I need to sign a new PM contract for a MF property I own out of state (CA). I have some issues with the terms of the contract and would love to know what is "normal and customary" verbiage and if there mat be...
Gail Greenberg
Questions about Historic Tax Credits
I recently completed a project where I'm getting historic tax credits from both the IRS and the state's department of revenue. The state is pretty good at explaining the process for using them but I need to talk to so...
Franklin Marte
Can you get an FHA loan on a commercial property?
Can you get an FHA loan if you plan on buying an apartment building if you also plan on living there? it has 6+ units I’ve seen a couple different ones that I was interested in 9+ units etc.
Chris Mason
VA Loans, "Jumbo VA," etc, 2020 and Beyond
Most important: "Exhibit A: Loan Limit Examples"Recall that a 25% guarantee = you don't have to make a down payment. When you go with 0% down VA and all is vanilla, generally you use up entitlement at a rate of 25%, m...