Daniel Hart
I lent money, foreclosed on property, am reselling, what is my gain?
I lent $30,000 from my LLC on a property. I then later lent $15000 in 2nd position from my IRA on the same property. I had to foreclose, and choose to foreclose with the LLC. The 30k plus back payments added up to ...
Kyle MacDonald
Off-Market 2 Family (with a twist) Analysis
I've been referred an off-market 2 Family property in CT that I'm evaluating and I'd love to hear what others think. This would be my first investment. The property currently has 2 official units (with 1 with a long-t...
Howard R.
Syndications: How do you deal with the trust issue?
Hi. I am new to BP (former FatWallet member though!). I have been investing in RE for ~10 years and hold 5 properties. They have not been time-intensive, but I'm always interested in smart financial options. The G...
Vince Williams
It is possible to have multiple VA loans!!
***THIS IS SOME GOOD INFO I FOUND***
Can I Have 2 VA Loans At One Time? YES!
In some cases you can have two. Veterans and active duty military with a VA Home Loan might be surprised to know that they can qualify to ...
John W.
Buying a 17unit with a friend, what to charge for managing it
Hi everyone, I'm buying a 17unit in the Buffalo Niagara NY area with a friend. Rents average about $500 (25% under market value), fully rented as well. I will be managing it as he is out of state and I have 10 years e...
Joseph Dzwiniarski
Deal Analysis - Kansas City Class C property
My girlfriend and I visited Kansas City last month and have been on the hunt for potential properties in the area. I've been in negotiation with an owner of a C-class duplex in Independance. We finally settled on a pr...
Terra Padgett
UNpredictable Cash Flow
You hear so much (I guess from the gurus and course sellers) about how “predictable” the cash flow is from rental properties. Well I adamantly disagree. You have a maintenance issue…unpredictable cash flow. Your insur...
Chris Harrington
How a foreclosed 4-plex turned into 43 units!
We have been investing for a number of years in KC and I have followed many of the success stories here on BP and thought I would contribute one of ours. Its quite long but I hope instructive.In late winter 2010 my p...
Alex T.
Digging Basement on Flip to Increase Ceiling Height
I'm looking to dig out a relatively small basement (15'x20') to increase ceiling height. The current height from slab to ceiling joists is 6'4". Anything over 7' is the goal. It looks like a stone foundation with parg...
Kyle J.
Problem with circuit breaker that keeps tripping
I have a double 20-amp circuit breaker where one of the breakers keeps tripping (halfway between the on and off position). The breaker that's tripping controls 4 outlets on a kitchen island. One of these outlets is ...