Matt Wells
Should I BRRRR my rental property? Please give me some advice.
My rental was purchased at $117,900 + rehab costs of $17k. I put a 20% down payment on the property with a 30-year loan at 4.5% interest. Closing costs were $5k. The rehab was paid in cash. My intention was not to BRR...
Mike Whitaker
Tax deductions for losses within my LLC
Hello everyone, been lurking for a while now. Now I have a question, hopefully in the future I'll be able to add to this forum.
I formed an LLC last January, bought a house to fix and flip in July (could my timing ha...
Nadine Kwiatkowski
Fannie Mae Homepath Negotiation Question
Hi all, First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the a...
Dave Rav
Regular maintenance options for 80-unit
Hey group! Wanted to ask about ideas for keeping up with regular maintenance on an 80-unit apartment building in SC. We are currently vetting the property for purchase. Accurately capturing the maintenance expense ...
Steve Fernandez
Decision factor - 4 units or 5 units on renovation
I’m about to make an offer on a latge home with a large detached garage. Meeting with an architect, and the question came up on the renovation. I have the ability to convert the property to either four or five units....
Christopher B.
Insurance for OOC Duplex
I live in one side and rent the other, what is the best way to set-up my insurance? My agent is currently saying to push my homeowners insurance liability up to $500k and add a $1m umbrella. Is this the best set-up? I...
Rich Hupper
This continues to elude me
Hi Bp I have been an independent contractor for most of my life. I am trying to understand exactly what a typical bank looks for when I apply for a residential mortgage. What number on my tax return will they use to ...
Daniel Callton
Looking for a New Source of Funds
I'm an investor in buy and hold properties in Lansing, MI. I'm currently holding 5 single family rentals in my LLC. 4 of these are free and clear. I'd really hate to sell one to get capital to do some bigger dea...
Michael Willis
Value Add Cell Tower/Advertising Signage
I am looking into purchasing a 5 cap multi unit/mix use property. The real play is to find a high quality tenant for the store-front. The other ideas I have is to (1) get cell towers for the building as its taller tha...
Sorin T
Fannie and Freddie's Big Foreclosure Backlog
Good reading
http://news.yahoo.com/s/bw/1106b4214044575550
As their holdings of unsold homes increase, Fannie and Freddie eventually will need to drop prices and turn to investors, analysts predict
The bottom line:...