Jonathan Youse
New Aspiring Real Estate Investor - Columbus, OH
Hello BP Community,
My name is Jonathan Youse, I have recently moved back to my hometown of Columbus, Ohio from CA. Currently my wife, daughter and I are living with family and saving steadily each month to leverag...
Kim Hopkins
How To Write LOI that Holds Seller to Cap Rate
Hello! We have a great prospective property we're looking at. The broker OM says they're selling it at a 7.5% cap rate and $5.7m purchase price. Based on our experience, We are pretty sure their expenses are understat...
Brandon Yuan
Seller Tax Return Filing for the property in Due Diligence?
In commercial deals (apartment/storage, etc), Do you require Seller to provide tax return filing for the property as part of your due diligence document? And how realistic is it for Seller to be willing to provide it?...
Sam R.
Verification of income and expenses
What kind of paperwork does your lender request in order to verify the income and expenses of a commercial residential property? Leases? Utility bills? Tax returns of the seller?
Michael Wolffs
Tax deferred transaction between personal and investment property
I own a personal residence with A LOT of equity. I'm single, so if I sell it I can avoid tax on $250K of cap gains, but there would be significantly more than that. If I sell the property, and roll the proceeds into...
Paul Sandhu
The Ultimate Toilet Paper Thread
**This Thread is for high turnover hostsI buy a 4 pack of Angel Soft for $2 at WalMart and put one in the bathroom or on the kitchen table with soap and towels. It is up to the tenant to buy more when they run out. ...
William Collins
Small Manchester Connecticut property package
Working on a small package deal in Manchester, Connecticut. Here are links to the small package:https://www.zillow.com/homedetails/244-Main-St-Manchester-CT-06042/2131361600_zpid/https://www.zillow.com/homedetails/250...
Angela Zaitz
Garage Conversion/ Problem for rental?
I’m looking at buying a home and doing a garage conversion. I live in SO Cal and it would be a house hack to save money for other investments. I thought of just putting insulation and drywall to cover the roll up door...
Rich Thomas
Blind offer on 6 unit apartment ?
Hello all,
My agent recently brought me an off market deal for a 6 unit apartment house. My agent is telling me we need to make an offer on the property before we can get in to look at it...is this typical and or exc...
Richard Rodolfo
New Investor From Lima, Ohio
Hello BP friends,I am a new investor and currently under contract to purchase a Duplex. I have been saving for the last 3 years to purchase a rental property and found this duplex about 3 miles where I live. Although...