Brad Richards
Owner financed and equity
Hi everyone! First post here. My name is Brad. I live in the Rockford area in Illinois. My question is in doing a owner financed deal, how much equity do you get when purchasing the house? Example: house appraised for...
Bryan Hancock
The Case For A Geometric Mean For Quoting Returns
Return citations were getting thrown around on another thread a few weeks ago so I took the liberty of dusting off some old finance texts where people try to get quite specific about citing returns. The case is made ...
John Fortes
Cash On Cash - Syndication
When syndicating a deal, a good CoC return is considered to be greater than 10%. Are fellow syndicators aiming to achieve this as an average over the life of the deal or from day one of the deal?For example: The busin...
Ray Thomas
Cash-out proceeds are calculating returns
How do you calculate your equity basis and returns when doing a cash-out refi? I have a lot of equity built up in my older house (<40% LTV) and would like to get a cash-out refi taking it up to a 60% LTV. Do I cou...
Gary Landon
Rich Dad Poor Dad Question?
In the chapter “The Rich Invent Money”, he gives an example of buying a house for $20,000 and selling it on a note for $60,000. I assume he has a mortgage from a lender for the $20,000. My question is how does the not...
William Stewart
Looking for a good insurance company
Hello BPI have a property in South Carolina with a double wide on it. It is a rental. I’m looking for a good insurance company that insures this type of property. Also was wondering if the insurance covers the home as...
Angie Provo
Advice on Multiple LLCs for tax strategy?
I recently attended a seminar where the speaker was talking about the various real estate businesses he owns so that he can move expenses around, thus reducing taxable income dramatically. So for example, one business...
Christina Thompson
Finding Accurate Comparables
Hello All,
I am new to whole saling and I wanted to know what is the best way to find accurate comparables for my deals, without having MLS access?
Bellman Tumasang
How selective are you allowed to be with tenants?
I know when screening tenants you can’t choose based on race, gender, disability etc. Can you choose based on income and job? Are these legal discrimination because you can argue some are more secure and nearer etc? F...
Rich Hupper
Underwriting and phantom expenses
Hi Folks, I think a lot of us are aware how great depreciation is for people who own investment properties. However what about for new investors trying to reduce their taxable income but not reduce the income underwri...