Jamie Brayton
Local lenders- Albany, NY
Things are moving quickly for us. I recently joined BP and we closed on our first all cash deal and have a second in the works. The advice from this forum has been invaluable.
We have been (pre) pre-approved by a big...
LEONID ORLOV
Tax strategy for multiple properties owner ..
I own 6 multi-family properties (3-4 units each) all are positive cash flow, I am wondering what is the better approach ?
1. To allocate income/expense to each property on Sch E (as I have done so far) or
2. To decla...
Ryan Rabbitt
Employer does not match 401k - should I invest?
Hey BP Community - My employer does not match 401k contributions so I'm considering abandoning the contributions altogether and instead investing in something like the SPY ETF on a regular basis. I'm curious if anyone...
Zachary Brown
Boarding House Investment
Hello everyone -- this is my first post here on the BP site.My partner and I are looking into purchasing a boarding house and I wanted to see if anyone else would offer their opinion. The home is located among multi-f...
Kelsey Gabhart
Learning your market
Hey everyone, I've had a lot of people give me great advice in my last post, so I thought I would ask another question... So, a lot of people have been advising me to "learn my market", which is something I definitely...
Kenneth Hynes
Good Underwriting Sites/ training
Hello All - Making the transition from SFR to multi - family , and have studied some of the syndications and MF investing books/podcasts out there. Really interested in the underwriting process ( Day job used to b...
Sarah Brown
Buying from Online Auctions
I was browsing Auction.com last night and I realized that some of the active online auction homes are not listed on the MLS. Is this common? I was operating under the, apparently mistaken, assumption that if I followe...
Alan P
Question about using Double Lease Options
Hi.
When I do a double Lease option:
In option #1, i lease and option from seller (which are three documents including lease, option, and purchase and sale agreement);
What language in do I put in Option #2 where I ...
Mary Joe
am I allowed to accept a tenant who PREPAY several months in advance?
Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month in advance for a 1 year lease. So she will put down 1st 3 mo...
Susan Dobbs
Becoming silent partner with Subcontractors
I am working with an investor that is spending big money on employing his trades people for reno and repairs on his commercial properties. He is considering letting them go because of the costs involved and hiring out...