Alfred Litton
Help! Source of Down payment from Sale of Personal Property?
I'm in contract on a SFH and would like to use cash from the sale of inherited personal property and the sale of some of my own property (gold and silver and other collectibles). If I receive cash for this and deposi...
Michael Morrongiello
Any Easy way to Get ESCROW Impound Funds BACK - when SUBJECT 2 Loan is paid off ???
BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago. Loan is NOT in our name but in the name of the original borrowers. This account includes ESCROW IMPOUNDS being...
Brad Neihardt
Deprecation question for BRRR
I want to rent out my primary property that I bought. This was a complete remodel that has significant value added. What value is used for depreciation? Is it the ARV value or?
Tala Alapai-Ahonima
Pace Morby SubTo Program
Pace’s SubTo mentorship program is not as good as everyone says it is. It’s actually 10000x BETTER!!! The content that is given, the bonus content, the community he created... it’s worth 10x then what he charges for i...
Nathan K.
Calculating My Buyout as Partner
I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...
Account Closed
Rentometer - Their data seems to be pretty spot on.....what say you?
I have been using rentometer pretty much as a default first stop for rental comps but I was a little skeptical about the accuracy of their data.A few days ago, I re-checked the rental comps for a property we had liste...
Adam Fansler
First Multifamily, what am I forgetting?
Hi Gang,I have only done a few single family properties up until now and am looking at some multis. I found a fourplex that I think is a deal but wanted to run it past my "partners" at BP. Property is in Columbus Ohio...
Rachel Shepherd
How much do u save monthly for repairs?
hi everyone, you guys are all just so helpful I have yet another question. How much do u put aside for repairs on each rental? We have enough money to cover the mortgage for several months on each rental. Still are n...
David Gwilt
HELOC on Home & Retirement Funds
I recently had a client indicate that he has a HELOC available to him based on the equity in his property and the value of his retirement funds. Does anyone know of banks that will do this with a high LTV (around 90%...
Mike Robinson
Accountant Recommendations, PA
Hello,I am looking for recommendations for a quality accountant in Pennsylvania, preferably one who owns real estate themselves and understands how to best maximize the tax code to reduce my taxes. Currently I'm start...