Serge K
Bank loan annual review
This is regarding a small retail property I own, it is a three store building. I own this property for about over two years now. I bought it in June 2018, the loan docs has a Section about financial statement and rep...
Royce Anies
House Hack - House with unpermitted rooms but cash flows well
Hi everyone,
I saw a house recently in my area (Bay Area, California) that was 10 bed/ 7 bath with tenants in place on month-to-month leases. The owner is a contractor himself and built the house over the span of 20 ...
Victor N.
Looking for a Bank for my BRRR Strategy
Does anyone has a recommendation for a bank or credit union which will do a Heloc or any other type of cash out for a non owner occupied property?Im looking for a Heloc on a duplex that I own free and clear.TD Bank do...
Charles Clark
How to Estimate Property Tax? (Texas)
Hi all, I've been running numbers on different properties trying to evaluate cash flow. One issue I am having is the cost of taxes, I'm not sure what is the best way to estimate it.Zillow has a simple estimate of % ra...
Allyson Straka
Question about Insurance
Hello everyone,We are currently under agreement on our first property and we have a question about getting insurance. The property is a duplex in which we will be living in the bottom and renting out the top. We are b...
Bharath Raj
BRRR for a commercial office building
We are planning to get under contract on a 5500 sq ft office building with several short term tenants (month to month), and one healthcare tenant with a long term lease. Our intention is to vacate the month to month t...
Daren H.
Why do most describe rising house prices as “Appreciation”?
Why aren’t rising house prices described as Inflation? Inflation is generally looked at as a bad thing. Appreciation of home prices is viewed as a good thing. If I am a homebuyer buying today as opposed to 8 years ago...
Sean Ruggiero
Tax Question: Anyone pumped up AGI for a Re-Fi and later ammend??
Hi, I am trying to refinance out of a bridge loan and am pushing to meet the mark on income. My CPA suggested I use my W2 and my Rental Income and basically not claim much if any of the tens of thousands in expenses t...
Shanequa J.
Housing market pre bubble
What was the housing market like before the bubble? I've been going to RE meetings and all you hear is "Houston is hot. There's only 2.6 months of inventory; home prices rose 10% for 2 straight years". I didn't fol...
Daniel H.
ACV vs. Repair Cost
In the city where my property is located, there are many three-story apartment buildings with a unit on each floor. These are no longer allowed to be built new in the city. So replacement cost of my two buildings is ...