Tarcisio Mora
good deal or no deal?
I would like some help analyzing this deal for a duplex. price is 288K , 57k down payment rent 2,600 for both units tax 280/month vacancy 130/month(5%) maintenance & CapEx 260/month(10%) PM 260(10%)total= -2130cas...
Gabriel Valladares
Second Home Tax Deductions Help!
Hi Everyone!I have a unique situation and looking for advice. Long story short, I am Active-Duty military, got divorced and my ex-spouse was granted 25% of my future retirement. As of this year I worked a deal with he...
Adam Craig
Handyman/Contractor advice
The house I am buying does not need any major rehab. Just things like paint/gutters rehung/ pluming leaks/handyman work.
I had a guy do some work on my house last year because he outbid 4 other guys. He did good work...
Anup Jung Karki
Run comps for a house/ ARV
Good Afternoon,I have a two story 3bed 2bath 1962 built house under contract for 295k in Irving, Tx. The house needs significant work i.e. Foundation is off by 5 inches, Replace whole plumbling & redo bathrooms, L...
Dennis Weber
FCI Exchange Questions
On FCI's Diamond notes (the one's that they service), does one assume that a workout was unsuccessful and that FC is the only exit strategy?Also, is minimum offer really the minimum? Some notes seem overpriced.
Aloma Murray
What do these sayings mean: "it's not the price it's the terms" +
I've heard/read these sayings and would love some more explanation from some more experienced investors."You make your money at the time of purchase""It's not the price so much but the terms of the deal"
Michael S.
How to compete with cash buyers?
Hi BP,Man, I have a competative market! A property in my area was listed last night at 6:00PM. I first saw the listing at 8:00 and email the listing agent because I figured it was too late to call. In the email I said...
Carsten Mortensen
Due Diligence on a wholesaler
I have bought all of my deals with an agent through the MLS. You see all the time that the best deals come off market, and wholesalers find the best deals. You also see a plethora of cautionary tales "Do your DD on a ...
Greg Gaudet
Will taking full depreciation from new tax law hurt my qualifying
I bought 3 rentals in 2018. With the new tax law I can deduct all rehab costs AND I can deduct the value of things like floor cabinets etc. (about 15-20% of the total purchase price of each unit!) which is a big deduc...
Timothy Lewis
Renter's Insurance Help
Hello BP Fam,*Short Post Alert*I just moved into an apartment (renting) for a short time (no longer than a year) while I save to purchase a property for myself. My landlord is requiring me to get renter's insurance of...