Jordan Yefriadi
Newbie questions on loan. Help pls.
I’m planning to purchase 4bd rm townhouse, I will stay in the unit and rent out the 3 bd rm. Which of the following loan should I take30 Year Fixed5.125% APR5.125% at 0.000 point$2,037/mo$0 fees30 Year Fixed4.711% APR...
Troy Green
Question: Efficient Ways To Deposit Lots Of Checks
New to BP, so hello everyone! I have a problem at one of my buildings with 383 units. We collect so many rent checks that my leasing agent ends up spending half the month just depositing rent and crediting it to the a...
Daniel Sabato
Struggling to get started with my first multi-unit
This is an insanely open ended question but the sum of this is that I'm having trouble getting started in multi-family and apartment buildings. I've done the single family method and it was too slow for me and just at...
Eli Kim
Financing methods for new investor?
Hey guys,So I just started my real estate journey a few months ago. I bought my first rental with a conventional loan. My question is this; what financing methods would you say is recommended for my next few propertie...
Mark Douglas
Systems!
I keep hearing about the importance of having defined processes/procedures/methods in place for XYZ in your real estate business. I've only got two units so far, and I'd love to hear from you all about what's worked/...
Tim Silvers
Tax Implications of Seller Financing on rehabbed property
What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...
Susan H.
Changing payment process for inherited tenants
I'm closing mid-December on a tenant-occupied SFH. This is the first time I've purchased investment property with tenants in place, so want to be sure I do everything correctly. Their lease runs through July 2018. Cur...
Account Closed
I doubt you can answer this...
I have two tax questions:1. Last year I earned income from 1099's as well as business income. Is it more advantageous for me tax-wise to apply my deductions to the 1099 or the business income?2. Last year, I made seve...
Colton D Lawrence
Creative ways to Improve Debt-Income to Qualify for Loan Approval
Hello all,
I'm looking to buy my first multi-family. I have a large lump sum saved in an investment account for down-payment and any additional costs. I currently have no debt and make under $100k a year. Because of ...
Don M.
Cash out Refinance question
Hey everyone, quick refinance question:A couple months ago, I refinanced on my primary residence for a better rate and down to a 15 year mortgage (no cash out). However, since that time I've caught the "real estate b...