Hi All, new to BP. I was hoping for some advice on questions below, thanks in advance!Context:-brother is moving to Austin to work at a company in east riverside area. His preference is to be close to work. I figured ...
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Hi all,
Here in CA, anything over 4 units is considered commercial. I have the cash for a down payment on a small apartment building (6 units or so) but my credit is shot. Since this is an income property, how import...
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My husband and I have been looking for investment property for about 6 months now with no real luck. I’ve been entertaining the idea of purchasing a condo in Hawaii and renting it out... any thoughts on this?
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Hello, I could use some suggestions and ideas. I am just starting in wholesaleing and would like to know if it is wise to put out an LOI on a property that's only 59K and a fixer upper to wholesale. The seller is sell...
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Hey everyone. My wife and I are ready to invest in our first STR. I know BP has rental calculators and I will likely use them in the future. However I wanted to do this manually so I can learn it myself first. I would...
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Hey Everyone,
I am interested to hear your perspectives on whether you think selling or renting my property would be the more prudent option. The context is, I am in the military and moving in a couple months. I used...
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I have a contract right now used to wholesale and its puts all closing cost on the seller.. Is this fair? Usually most serious investors are dealing with cash so there isn't as many closing fees compared to a lending...
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Hey everyone,
We are buying a condo in Hawaii and received our estimated closing costs for our pre-approved loan. This is our first investment property, but I did know to expect higher fees in general. However, was c...
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Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
This is my first post so I will be a bit over indulgent in the details. However, I am hoping that a few more experienced members can PM me to provide some advice.Background: I am a corporate lawyer that started purcha...