Jane S.
What do you think about 3 furnaces in basement of antique triplex
I have never seen any furnaces installed in this manner. The benefit is that each of the 3 units has its own furnace. The bad news is that they are positioned all in a row in a “closet” in the basement unit. Don’t kno...
Logan Loughmiller
Central AC ductwork in low pitch roof (no crawlspace/basement)
Hello, I'm trying to price out a potential property that does not have central AC. There is no crawlspace or basement. It does have a pitched roof, but I didn't look up in there during the walk through unfortunately. ...
Andrea Sealey
Calculating Rehab Costs, Taxes & Insurance Using 4 square method
Firstly: Can one typically get traditional bank loans that include the expected costs to fix the property? What financing routes are best if the investor doesn't have the rehab cash on hand? If one is able to obtain a...
Wes M.
Deal Diary -- Wilmington, NC LTR -- 18% COC -- It can be done!!
Really starting to learn the power of real estate with this last deal.Investment Info:
Single-family residence buy & hold investment.
Purchase price: $372,500Cash invested: $57,000 (seller paid closing costs at ...
Michael Valentine
Lenders - how would this you handle my situation?
I posted this in another forum before I noticed this one, so I apologize for the previous cross post...
I'm trying to leverage my W2 job with a conventional mortgage for a property that either be a "second home" desi...
Emilio Attardo
Seller Concessions/credits at closing/max % of purchase price allowed for concession
Hey BP, Scenario: I am Purchasing a home with a hard money loan. We went under contract with the following assumptions:Purchase: $91,000Rehab: $64,000ARV: $215,000ARV*0.75= $161,250$161,250 - $64,000 - $91,000 = $6,25...
Courtney McCoy
Real Estate Attorney vs LegalZoom.com?
I think I have it narrowed down on how I want to initially structure my new business (an LLC with S-corp destination so that I don't have to pay both Personal Income Tax on profits + Business Corporate Income Tax; I w...
Todd Magin
Taxing of Capital Expenditure Funds in LLC
How is the capex reserve fund handled tax-wise in an LLC (or S-Corp)?Over the year, a portion of the rental proceeds are siphoned off into an account for future upgrades (roof, furnace, rehab, etc). Does that count a...
Steve DellaPelle
Can You Use FHA Twice?
Hello,If I am in an FHA Loan now but plan on refinancing to a Conventional Loan...can I use FHA again after this is done?Thanks,Steve
Brandon Reed
Cost of Central Florida Property Management?
What are you guys being charged for property management in the Central Florida area? I'm specifically looking at Clermont, but an estimation in the greater Orlando/Central Florida area would be super helpful if no one...