Tommy Mosley
Always follow your instinct....smh
So I found a great multi fam that was priced about 50% below FMV it's a 4 unit with 3 of the 4 cashflowing already at $600 a unit..... Long story short i take a few days to think it over since it's more like a C- pro...
Todd Keith
80 Unit Apartment Purchase & Seller's 1031 Options
Hi BP, I'm hoping to get some advice from you BP members who are experienced with 1031 Exchanges. Background:I just made an offer on an 80 unit apartment building. I will be assuming the existing mortgage on the prope...
Michael Davis
Analyze my deal: 8-plex
This will be my first rental property purchase. Looking to increase rents, and renovate/fill 1 space that's been vacant for 1 year. Factoring 5% for each of cap ex/maintenance/vacancy. We have an in house team in pla...
Alex Khojainov
Eviction in Baltimore city, am I going to be fined?
I have a house in west Baltimore that I lived in for about 9 months while I rehabbed it. I moved elsewhere and the house sat vacant for a while until my coworker told me his buddy was looking for a place to stay. Sev...
Anton Watt
Can you renovate a home with just a lease purchase?
Hello BP,I found a home that I want to purchase and live in but as a real estate agent I write off so much that my income is really low right now. In the next few years I will change this so for now I want to lease pu...
Derone Patterson
section 8
I going to buy my first multi-family house as an owner occupier. My question is about section 8. Does my house has to be payed for to get it?
Michael Jackman
Qualified Opportunity Zone question
There is an opportunity for a complete remodel to a commercial property with store front first floor and residential remaining floors. It is also located in an QOZ. I'm not familiar with the tax benefits, though I hav...
Rick Bradd
Incorrect county records advise
I am not sure how to phrase this question, the county record for a rental I am selling is incorrect, it does not have the correct square footage for a permitted addition, and the number of bedrooms is listed as three ...
Steve K.
K1 1065 Tax Question for SDIRA LLC
Last year, a company from BP helped us set-up Self-Directed IRA LLC "ABC SDIRA Company LLC". Luckily, we invested those IRA funds in our ABC SDIRA Company LLC and were able to make some profit to offset the initial se...
Rich Solano
Interest Only Lenders / Loans for Long Term Rental Investing
I am looking to purchase a few rentals properties on deals that came in through my direct seller marketing. I intend to buy them 10-30% below market value through my LLC. CoC return on these condos are from 12-15% wit...