Hi BP,I'm under contract and about to close on a Duplex but, because the seller has been slow to provide the required documents, the closing has stalled and the contractors I had lined up to begin the rehab have had t...
Hi Everyone,
I have a triplex with 60 amp service.
My insurance company is demanding I upgrade to 100 amps. $4000 is my
lowest bid. There are 2 small 1 bedrooms and a1 2 bedroom. Each
apartment has an electric sto...
One of my SFH renters called me this morning to let me know they had called the fire department because they noticed smoke coming from a vent. Turns out the furnace had caught fire...fortunately no fire damage outsid...
Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...
In my previous flips, I went with private investors, But thinking of going all by myself this time with hard money lender. One of them already pre-qualified me, and I am looking at a deal right now, but I would lik...
Going through underwriting on a couple duplex deals I’m looking at. I’m wondering what are the most common operating expense line items that should be included in every deal? Feel like I’m forgetting some.
Hi! I am thinking about doing some work in the basement in order to create extra sqft from basement. Right now the room is finished and it appears that the room has enough height. There is one exit (door) going out to...
Hi All - I bought a duplex in Pittsburgh, PA a little over a year ago and the first-floor units electric is hooked up to the common/shared spaces within the house. I've kept the electric in my name, but I'd like to ha...
Hello BP Community!
We are trying to legalize an attached garage conversion in our investment SFH in San Jose, CA (converted 10+ years ago and purchased as is). In light of the recent changes to legislation we were ...
Talk to a lender and learn the rules of qualifying for a mortgage
You need to learn the rules that underwriters follow to be able to qualify for a mortgage. Once you learn the rules you can develop a plan to fit the...