Eric Horton
Using a HELOC on VA loan
Hey guys, I recently stumbled upon this site. Great info. My question is, i bought two properties using the VA loan one in Colorado Springs the other in Fort Walton Beach. I’m renting out the one in CSprings. I’ve onl...
Maxwell Wuensch
laundry machines/washing machines
This is really random but what are some tips on washing machines/ dryers for a multi-family property? i know it is a good way to create extra income and i’m just curious if anyone has any insight on the topic
Remi Oguntoye
Small house with no applicable comps
Hey Folks,Remi here again-- I am still working to get my first wholesale deal, and I think I may be close. A little background on the property I am pursuing:I called about a Craigslist post, and reached the motivated ...
Christina Hall
SFR cost seg
We are thinking of getting a cost seg study for an SFR that's a short term rental. We got an analysis from 2 different companies and savings wise it makes sense. However our CPA won't do it he says he can't stand behi...
JP Krueger
Sell as 2 family or condo conversion
Hi, I own a 2 family in East Boston. It pretty much needs to be gutted on the inside(except one unit was recently partially redone) and needs everything on the exterior as well. I need the cash so I am looking into ...
Daniel G.
Coinmach Question Due Diligence
Hi BP community,I have a quick question regarding a Coinmach contract for a multifamily property that I am currently inspecting. There is currently a coinmach contract that expired in 2012. As most of you know this le...
Douglas Stewart
Depreciation Schedule Expiring
My father in law owns a 176 unit building in Los Angeles. It was built in 1991 meaning the depreciation schedule is beginning to expire. He is worried about losing the tax benefits. How big of a concern is this? W...
James Syed
Multifamily Florida
Hello BP Members, In south & central Florida, what cities will you give a good cash flow (minimum $100 per door)? Multifamily properties (4 units or larger) to be specific. Thank you.
Steve Moore
Advice on advertising a "potential" 4 bed rental
I close on a duplex soon and want to market to renters. It has four potential rooms for bedrooms, but two of them have closets but are in the basement and don't have windows. I heard you can't advertise as a bedr...
Kameeka Shirle
Carrying All the Risk
Hello, my business partner and I are looking to acquire a daycare business and the real estate. She had the knowledge on how to run the business, but her credit would not qualify for the loan and the bank is saying th...