Ryan Rea
Advice on converting a two bedroom to a three bedroom apartment
Hey BP. I need some advice. I currently have a three family property under contract. All three units are comprised of 2 bedrooms and 1 bath, and each apartment has approximately 1100 square feet of living space. I...
Nate Hansen
Guidance Regarding 1031 Exchange
All- Thank you in advance for your wisdom on this topic. After much research, I am looking for some guidance on a specific 1031 that I would like to do.I currently own several investment properties in as a tenancy in ...
Steven Perre
BPO's & Estimated / Fair Market Values on Notes
I have been fortunate enough to be in this here real estate game for over 25 years as well as have some basic experience in BPO's (several thousand over the last several years). Though I am brand new to the NOTES end ...
William Walsh
Removing a rental property from a SD IRA
Anyone have experience with this? I'm a financial planner that generally advises against SD IRA's to hold real estate when the client can purchase directly in their own names. But I've just had a client that came to m...
Alvaro Rodriguez
Next step after offer is accepted
I am in the process of buying a house. Offered got accepted, house inspected and now we are going through the process until closing date. A series of fees have arrived to me asking to be paid right away if I don’t wan...
Joe Latson
How to Correctly Value an Investment Property
Hey BP!I hope some of you find this post helpful.How do I correctly value an investment property? Simplistically, a valuation is a measure of how much a specific property (the “subject property”) is worth. Framed diff...
Joe Gilroy
Mobile Home park - Deal analysis
20 site Mobile home park List price - $375,000Cap rate - 10 No park owned homes - all site rent 14 occupied with potential upside of 6 sites to move new homes onto$350 per month site rentPark pays water /trash8 a...
James W.
Separate Property Management Entity Requirements
If I own real estate in a partnership, but I want to pay myself a property management fee, can I create a separate entity to be the property manager? I’m not a licensed property manager / broker, but I’m a partial own...
Bryce Hammill
Partnership structure question
Had a few questions about structuring a partnership deal. Found a property (third) that I’d like to buy and hold. Talked to my lender who also happens to be my neighbor about all the numbers on the property. I’m sligh...
Vern Hixon
What are the best Credit Check Websites?
I'm in the process of implementing credit check requirements for all new rental applications. I'm wondering what BP members recommend for websites/companies to use for performing credit checks?
Thanks in sdvsnce!