Maggie Nickerson
Purchasing an existing LLC
Good morning fellow BP's,When purchasing a property that is owned by the LLC how do you, as the buyer protect yourself from prior leans or debt taken on by the current member (seller) I'm considering purchasing an i...
Jay Yoo
Out of State BRRRR tips for newbies
Calling out all experts!I would like to start Out of State investing using the brrrr method. Does anyone know any online coaching service for OOS investing especially using brrrr method? I have set my specific paramet...
Charles Granja
DSCR loan profitability (buy&hold)
Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule.
Here’s a recent scenario:
Purchase price: 244k duplex, good condition
...
Peter D.
Rental Property with Adjacent Vacant Scenario
My wife and I recently purchased a house and rehabbed it and it is currently renting out for the same amount as the mortgage payment. When we purchased this property, it was run down and had major issues to fix and th...
Bill Mitchell
Title "Docs"
I just wanted clarification when people refer to title "docs" what exactly does that entail? Because often times I hear about it taking a few days for the title company to prepare "docs". I am assuming deed of trust a...
Ruel Salvador
Investing in Fayetteville, Arkansas
Hi BP community!I just purchased an out of state SFR in Fayetteville,Arkansas. Are there any members here that are investing in this area too? Would be glad to hear from you. What are lessons that you learned on out o...
Kevin Shaper
Questions abut the magic formula
I need a little help understanding a few things:
I see the following posted all over the web verbatim:
************************************************
A Typical Deal By The Numbers
This is how I and many "real" Reh...
Max Householder
1% Rule Calculation
A few quick questions about the 1% rule while digesting the BP Intro to Real Estate Analysis.
Do you subtract vacancy from gross monthly rent to get the numerator?
What do you use for the denominator? A...
Jimmy O'Connor
Basics of Real Estate math as explained by AI
Hey All! For those of you starting out, it seems like terms and equations for rental properties is like speaking another language, especially if you are not good at math. I typically type these guides up myself but w...
Account Closed
How do I calculate my capital gain?
I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...