Hi BP Members! I am currently looking to purchase investment property, and have been pre-approved with the credit union of which I am also a member. The loan package has a very favorable interest rate as well as addit...
Broad question, but eager to hear people's opinions who know these markets: IDEA:i have a condo deal in Jersey City area I bought in 2016 for below 150k, small 2bed 1bath, where each room rents around $900/m, cashflow...
I currently am investing in single family rentals. I hold all of my properties in one LLC. The other day a woman threatened to sue me for discrimination ( I denied her because she had ZERO source of income at the t...
I currently own 6 single family rental homes in my own name (value ~700K total). I have landlord policies on each. The general/personal liability coverage on each policy is $100K. I also have the general/personal liab...
Good morning BP - my business partner and I are getting ready for our first project. We have everything lined up except for an insurance provider. We are targeting a low end flip to start looking to get in and out a...
I have a fourplex that was damaged by fire, thankfully no one was hurt.
For ease of the example, let's assume the following numbers:
Property was purchased for $150k. Insurance check I will get is $80k.
...
I have a question about being your own general contractor on an investment property. I am not a licensed contractor FYI.
I've secure a commercial line of credit with a local small bank, which is great, but t...
Hello everyone! My name is Joe. I am an active duty army officer that has lived in many states. I do my best to purchase and live in a single family home every time I move. I then rent out the house before I buy anoth...
MF investors always look for some sort of value-add opportunities when buying, and so will I. The goal is often common as to buy one at below market price with an opportunity to add value, raise rents, reduce expenses...
I am a young investor - I own two rental properties in states other than the one I live. I am trying to figure out the best way to set up liability and asset protection plus minimize taxes. Since I don't have a lot of...