Hi BP CommunityI am moving and would like to keep my current house and convert it to a rental; however, I need to pull some equity out of the house for the down payment on my new house. The home is worth $1.3mm today,...
I am doing some research on doing some fund raising for private funds.
The original concept I have is take some existing properties I have and advertise the notes for sale. Or have another broker I know advertise th...
So I'm interviewing property mgmt companies and yesterday I talked to two new ones. While throwing questions at them, the second company said they typically only charge $300 for a security deposit (vs. the standard "...
Hey Guys,I've secured some land here in metro Atlanta. Has anyone already researched the average per unit cost to build here right now?I'm looking to build some "B" grade apartments. Probably 2 buildings @ 8 units eac...
I've performed searches on this topic and cannot find anything definitive regarding my inquiry, so posting my own.
What will be the depreciation recapture tax rate I have to pay when liquidating a rental - flat 25% o...
More and more Utility companies make it the responsibility of the landlord when the tenant has an outstanding utility bill at move-out even so the lease mandates for the tenant to be responsible for the utilities. Has...
So a friend of mine bought a cheaper home with the thought of renting it out some day. He gave up on that and offered to sell me the house strictly cash. We don’t have a bank involved, we’re strictly on the honor syst...
Hi All,I'm looking at a rehab / flip deal and after doing my calculations I can offer 375K for the property and the plan is to do it with private and hard money loan - the hard money lender requires 25% down so I woul...
Would this be treated the same as a investor cash buyer? Buyer wants to pay cash for the house to personally live in? Has 6K of the required 12K, wth 4 of that going to earnest money? 90 days to close contract. Should...
So I'm buying my first rental property (actually closing this afternoon, :)!! ) and my lender tells me last week that the underwriter has approved the loan, however, because of the loan amount and it being an investme...