Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Matthew Kaiser
BRRRR Calculator - Loan Points
Hi everyone,I am analyzing my first deal with the BP BRRRR Rental Calculator and have a question on Loan “Points”. In my calculation, it seems that the loan points apply only to the “Acquisiton Loan Amount” rather tha...
Luke J Nelsen
YOUR PORTER ACQUIRED BY GUESTY-THOUGHTS?
Today, Guesty has announced its acquisition of Your Porter(see link below for announcement). As always, they say that nothing will change. I am literally just starting out in the STR game. We close on a Smoky Mountain...
Account Closed
Anybody used a “guidance line of credit”?
So, new to this whole financing thing. We’ve only used conventional mortgages up to this point. Got this from a local bank here in OKC and looking for thoughts if this is good or bad deal. TIAHere’s what I would propo...
Hendra Wijaya
Light bulbs and refrigerator water filters as capex?
Hi Everyone,This probably seems silly to ask, but I am still curious about it. Do you budget things such as new light bulbs, faucets, toilet flappers and water filters in the fridge as capital expenditures? Or do you ...
Jared Vidales
Breakdown of my Operation (25-30 Deals/month)
Hey BP Fam! I've posted a few times on here over the last 2-3 years, and thought I would contribute to show my love. BP influenced me to get out of the rat race, and into something I was passionate about. Below is a b...
Matthew Drouin
$198k cleared on sale of long term hold (no money into the deal), what I learned...
I know this check says $176k but I held $25k in escrow, paid $10,800 to the buyers agent, and had a $8k in a holdback that was released after I fixed a furnace at the property.This was a duplex that I bought in 2017 f...
Joshua Jones
Reviewing properties as a BRRR
I'm analyzing my first BRRR property in NJ, just outside of NYC. I'm considering buying the land in cash and using a hard money loan for construction. At the end of the rehab, I'd fill with tenants, refinance and be a...
Christopher Lombardi
Syndication - Becoming a Partner
Ive been asked to become part of a GP in a syndication by providing my balance sheet in order to get the acquisition loan. Does anyone know what a fair piece of the equity would be for providing your balance sheet to...
Ibrahim Hughes
What Do I Pay This New Employee?
Greetings and happy New Year everyone. I'm looking to hire an acquisitions manager (AM) for my acquisition team. This is the first member who will be paid a salary as opposed to the other team members I have who work ...