Dennis Degelmann
Looking for a Private Lender for a SFH investment property in IL
Hi all,I'm looking to purchase my 1st investment property and need some assistance with funding.Single Family Home - NW Suburbs of ChicagoPurchase $100kRehab $70kARV $390kCurrent 'As Is' value ~ $250kI have $20k cash ...
Samantha Kincaid
How to set up bank accounts
We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...
Ibn Abney
How to Value Properties which need a MAJOR Rehab?
Hey BP,Need some advice. Actively looking at multi-families (2-3 units) to rehab and eventually rent out.Starting to feel my offers are too low as I haven't gotten much traction on 5 offers.I of course take ARV - Esti...
Naz Hossain
Cold calling vs direct mail
Hi BP community! I am looking at ways to increase lead generation. I’ve read quite a number of posts and decided to go the route of purchasing a list. I am curious to know, for those who’ve done it, with of the two me...
Jennifer Fernéz
Help Me Close On My Loan!
Woohoo! My offer got accepted for an investment property in Pennsylvania. Next up is a huge financial hit: closing costs. I just signed a bunch of disclosures from my lender and after reading them it has me thinking, ...
Mary Jay
Proper way to do distributions
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
Chengning Yang
Replacing Cast iron sewer pipe
Does anyone have investor friendly plumbing companies in DFW area for sewer inspection and repair? The house just got foundation repaired, and obviously there’s a leakage at some point. I’ve had a couple of plumbing c...
Patrick Shep
Land Value for Depreciation
if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...
Account Closed
Questions about Form 3115
I have a foreign rental property that's been in service since 2013. I recently found out I could claim depreciation for it. I contacted a CPA and he said I would need to amend my forms from 2015 on since that's within...
Malcolm Brown
Fixed cost
I've been studying different ways to determine the maximum allowed to offer seller. To be able to use the "fixed Cost " method, I need to know the fixed costs e.i closing cost, transfer fees, and everything else. What...