Chaz T Johnson
Optimal rental property purchase to utilize Bonus Depreciation
I am trying to determine what the best strategy is to utilize the 100% bonus depreciation for rental properties. What property types/ number of units/ remodel or not give me the best chance to have a high percentage o...
Brandon Capelle
Sewer Repair....I'm on the hook for $18k for city road work??
My properties sewer line needs repair under city street - $18k for excavation and road work alone. Sewer line connection to the main is 15 feet below grade so there is a lot of excavation and then road resurfacing onc...
Mike D.
first time buyer - closing costs
I am looking into purchasing my first property, an owner occupied duplex. I got pre-approved with Wells Fargo and I was given this "Approximate Loan Cost Illustration". Being my first purchase, I don't have anything ...
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Assigning a Short Sale
Hi all. Has anybody had any experience in assigning a preforeclosure /short sale??? I always hear from people who say it can't be done but I've read that some people have done it but don't share HOW they did it. If y...
Jessie Dillon
Commercial loans & personal guarantees
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
Steven Gitter
Debt Service Ratio
Hello all. New to BiggerPockets. Currently, I own my primary residence and a rental condo. My question:My primary residence has a mortgage of $3400 and the value of my house is $850,000. Total expenses for the year...
Alexa Potocki
Transitioning to Keyless Door Knob
I'm looking into transitioning to keyless door entries for our rentals. Currently, I have the two-part doorknob which has a key for the knob and a key for the deadbolt. It seems it would be desirable for a keyless ent...
Dooreuhn Cee
This SFH Chicago rehab project for buy and hold turned into a flip
I've been pretty quiet lately as I have been busy trying to turn the corner to a flip market in Chicago. My main goal is SFH cash flow, but I am also using flips to capitalize buy and holds. Portfolio rents will the...
Daria B.
1st REO offer rejected....next step
So my 1st REO offer was rejected with no explanation. This has been on the market since 12/2015 with 2 price drops.The only 2 sold comps were considerably lower than my offer and they were 2/1 and 1/1 with less square...
Carlos Ortiz Perez
Are DSCR Loan good?
I heard recently about DSCR loan’s. What’s your opinions about this type of loans? Should I consider using this loans?