Jonathan Bombaci
0% cashflow for 3-4 years
I am working on a deal. 12 units in 2 buildings in northern NH for $380k with $60k coming back to me at closing, net price of $320k. I structured it that way to reduce my cash outlay to less than $25k. The property gr...
Dean Julie
Put it under contract THEN do you due diligence
I have heard this tactic/strategy/philosophy/(BS) taught and suggested by many. The theory is, if the property turns out to really suck, you just renig on the contract (with some contingency) and you're on your merry ...
Chetan Malik
How to scale and grow from here
Hey community, i have a question which has been on my mind as an investor for long. I own 23 doors at this time in Arkansas and Northern Virginia, i have been using my own capital to buy units so far. Some of my prope...
Andrew Albritton
Questions on 1031 into in-laws property
My in-laws own a 40 acre almond farm in Central Valley, Ca with a 3200 sq. ft. house on it. To make a long story short, they are no longer able to make payments on the property and are in danger of losing it.
I have ...
Jackie F.
Lender Requiring 12 Months Escrow for Taxes & Insurance
My current lenders for a primary residence I am purchasing is requiring 12 months of escrow UP FRONT AT CLOSING for taxes and insurance PLUS the normal contribution going forward.I have a shortsale on credit report da...
Ana Marie B.
Inspection Response Period Over....No Response from Seller Yet
Hi BP Folks! My husband and I are in contract on an investment property as buyers, completed the inspection, and our agent submitted our repair requests timely. Contract specified that seller had 2 days to respond (y...
Emanuel Eyssallenne
Bad inspection report on home under contract...
Hi All,I finally got one of my offers accepted! Very excited because this is my first home. The inspection report came back with 73 items to be addressed. Maybe 20 or 25 items are a little serious like "minor crack...
Tod R.
Disputing an outstanding bill? You may impact your ability to refi!
I posted this WSJ article in the bulletins but thought I would share in the forum section as well.
http://online.wsj.com/article/SB10001424052748703471904576003832552956602.html?mod=igoogle_wsj_gadgv1&
I just re...
Todd Robertson
Pros and cons to buying a Townhome to rent
Would you consider buying a townhome/condo for your first BRRRR? I’m in Atlanta, Ga and looking for advice.Thanks for any feedback!
John Bernardo
Pass through expenses for STR - active or passive designation?
I'm working with a CPA who is arguing that STR should be considered a passive designation and therefore losses in our holding LLC cannot be applied to my W2 wages (which are > $150k). My spouse and I will be alloca...