Steve Meyers
Negative Cash on Cash
I have a property that produces $539 positive cash flow each month. My question is, when I run the numbers, it shows a negative Cash on Cash return. I believe this is because I borrowed more than the value of the pr...
Jorge Crespo
First deal, $250K in Chattanooga, TN , what do you all think?
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chattanooga.
Purchase price: $250,000
Cash invested: $6,500
2 Bed 1 Bath Duplex
Current house hack ($1150/unit) (1 occupi...
Daniel Dietz
How to set up loans or partnership with Private Investor looking for tax advantages?
Hello,I am looking for ideas of how to set up either a 'loan method' or a partnership with an individual private investor who has as a couple of his main objectives to 1) reduce his current tax liability, and 2) make ...
Christopher Griffith
House hack Equity
Hello BP
I will be closing on a 3 family house that I am going to house hack. The property appraised for 10k more then the asking price.
What can I do with this 10k? As I would like to purchase another property
...
Kris Cabrera
Equity New house?
Hey guys looking around for options but would like to get your opinion on buying a second house with equity. What would be a reasonable down payment (percent wise) to put down on a house you will be renting/investi...
Bowman Klinkenberg
Help finding my strengths - how can I help you?
Hello BP!I remember a lesson from my good friend while playing my favorite strategy game "Go" years ago. When I was struggling to find the next best move and looking at his last move, he said "beginner players let str...
Zoe H.
Closing on first rental, possible holdover tenant. Do I walk?
My offer was accepted on what would be my first rental property (SFH in Duluth). The plan was to remodel and split into a duplex to rent one unit and keep the other as a weekend spot for myself. Current tenants were g...
Spencer I.
How to file will and begin probate process
I have an inherited property under contract, and the seller has the will which clearly gave her the property after her aunt's death. My question is, do we need a lawyer to probate the will, or can I file it myself? I ...
Craig Smith
Where to get a mortgage/home equity loan for an Primary LLC home
Bought a single family home for a flip $271000 cash last November. Planned on being in it less than a year so I put it into a LLC (that I started in 2015) for tax purposes. The LLC only holds the house. House is worth...
Joel Ubiera
Portfolio lender/community bank to fun flip
Hello! I’m going to dive fully into my flipping business. I’m starting my LLC, have a business plan, and I’m very familiar with the BP calculators. Assuming that I bring all of that to local portfolio lenders/communit...