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Hello BP Team, I am about to close on my first property to flip and was wondering what all insurance I should purchase? It's an all cash purchase and flip. Flip will be done by a licensed GC.Any guidance from the pro'...
My partner and I have been researching real estate for a couple years now and are ready to take the first step towards financial freedom. We are looking to use either an FHA loan or an ARM to buy a single family home,...
Hi everyone!I could really use some advice/insight as I am new to real estate investing and am currently dealing with some issues regarding the purchase of my second property.I'm currently under contract with a 3 fami...
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I just purchased a new, larger home. I am house hacking and renting out one of the rooms. I use TurboTax for my taxes every year and they want to know what percentage of my home is being rented? Do I get to count any ...
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Hey there BP Nation,I have scoured the forums for an answer to this question, and I have left more confused than when I started.How does DTI ratio work when you own some homes under your name and some in an LLC?My sit...
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Hi, everyone,I am a newcomer to this website and a brief introduction of myself: I recently bought one condo in florida and every month I paid HOA fees to one designated property management company.According to the bu...
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The tax records of my rental condo shows 0 for assessed land value and the assessed building value as the total assessed value. So far I was convinced that even a condo has some land value based on the shared common g...
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I am a new investor looking to invest in buy and hold, small multi-family properties, using the BRRR strategy. What is the difference between analyzing multi-family vs. single-family? Is it correct that the ARV for sm...
I'm beginning research on a particular strategy and need advice. My strategy is very common, but it's to use HML to buy and hold 1-4 unit homes then refinance and use equity to purchase another. While analyzing deals ...
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I learned from a previous BP question that the 6 unit office building I am buying will likely be appraised using NOI/Average cap rate for the area.
How does the appraiser verify my NOI? Are they just going to look at...