Eliot M.
Mobile Home Valuation help
Found a MHP in my area that I'm interested in. This would be my first so I really need help on analysis and due diligence. Here are their financials for last 3 years, with specifics taken out to protect the innocent...
Jabari Marshall
Understanding the 50% rule
Hi All,
Would someone explain to me how the numbers would fit in to the 50% rule. To my understanding half of your total rent will go towards your expenses. So correct me if i'm wrong but half of my rent shoul...
Dennis O. Evans
What you think about this deal
Hello BP family I found three buildings it has 7 units 5 commercial 2 residential it gross $5200 a month he pay $800 in insurance, $250 in taxes no expense number. The owner is asking 350k he will owner finance I giv...
Derek Buescher
Multifamily Expenses
I am looking to start investing in multifamily properties. I have set up my proforma spreadsheet and I am pretty sure the calculations are correct. When I evaluate properties what are all the expenses associated wit...
Tony Marcelle
What good would that extra money do?
I am beginning to lower my personal expenses. So far, I have only gotten started by cutting a $97/month expense. I would like to cut more expenses. Would good could an extra $97/month do for my real estate business? A...
Panayiotis Spanos
Self Employed - Finding financing in an expensive market
To set the stage, I’m self employed with an over 800 credit score. Between my wife and I, our only loan is for our car. We have about $60k saved up in just a couple years and a $100k in a committed gift from family t...
Kaaren Hall
Invested in a House with Your SDIRA? Remember to Keep a Cash Reserve.
After you have invested using your self-directed account, you might wonder about the next steps to take. Importantly, it's crucial to be aware that a lack of available cash in your Self-Directed account can expose you...
Coralie Fernandez
Taxes for an LLC owned by foreigners
Good evening everyone !Is there anyone here who is a foreigner and has created an LLC to invest in real estate ? How much do you pay do to your taxes ? I bought a condo last year, and it was rented only 3 months. I ca...
Martin Z.
NNN lease tenant payments
NNN lease tenant payments, does tenant pay insurance, tax and association fees monthly? Or do they pay the full amount when the invoices are due?
Malinda Gibbons
Bank account setup seems too complicated
Hello. I have read some advice on this forum, but I'm still curious how you set up bank accounts in the most simplified way. Right now, based on some advice from the BP landlording book, we have a bank account for eac...