I have read several articles here about the benefits of scorp vs llc and I'm going to work towards a series llc to hold the properties in 2021. In early 2020, I started a multi-member LLC (2 members) and elected scorp...
Hi All,I'm preparing to approach major lenders back home for financing on my second single family unit and I'm battling to write a financing proposal I'd be happy to share. Anyone care to share some examples of well w...
I've been doing my research and spending literally all of my free time studying the SLC Utah market & listening to all the podcasts the past 2 months. I'm already on my second run through the podcasts & am lov...
Hello my fellow BP members
I have been reaching out for a Hard Money Loan, i talked to several so called "lenders" and after speaking to so many its almost like i can predict the enitre conversation from the ...
Most MHP I see for sale have 60, 70, 80% MHP owned homes. The sellers show the NOI for the lot rents + rents on the mobile homes, and then CAP that at 10-15% and put it up for sale.Isn't the proper way to value these...
Yesterday (7/31) I closed on a $1.3M, 20 unit apartment deal that's going to net me a passive, positive cashflow of $3,000/month. This is after ALL expenses (PITI, PM fees, repairs, vacancy, capex fund, etc). My perso...
American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commissi...
Hello BP!
I'm new at investing as of this year and need some advice on how to track vacancy expenses. I'd like to look back on my first year and see what I spent on turnovers & vacancies....but so much goes into ...
Hi everyone,
I'm looking to purchase a home with an attached ADU (permitted). There aren't even really separate entrances to the place, unless you count the sliding patio door and the ADU / house are not separated (y...
I'm not even sure how to looking it up, so I'll ask the community. When did the shape of the current lending status of small multifamily begin to exist, that is, what year and in what legislation did the federal gover...