Anita Fofie
Help, post fire and can't even give this Chicago deal away
Hello all,As a wholesaler, what are your options when you have a dilapidated property under contract needing a full gut rehab that might exceed the ARV? Rehab is about $100K. I have a small brick multi family building...
Jason Bridges
Flip or Rent??
Hello, my wife and I are first time investors. We recently purchased a single family detached home with a tax value of 120K. We bought the property as a short sale for $60K. We are currently undecided on whether we sh...
Yosef Ajami
BRRRR Strategy question
New to the real estate market and looking to learn. I was reading a lot about the BRRRR strategy, and was really excited that I found such cool way of investing. But after watching many videos, I came across one speci...
Daniel Rozen
Your Advice Needed: Sell and '1031' Cash Out Refi or Keep Renting
Dear BP members,
In these tough economic times I would like to get your opinions. What would you do? Here is my situation:
Last year I purchased a new construction SFR in Sarasota FL which appreciated nicely in th...
Amir Navabpour
Any reason to not recast loans?
Some of my rentals loans have about 20 percent of the debt paid off. Given that we may be going into turbulent economic and times, and I work in an industry going through a downturn I figure now is a good time to imp...
Amir Navabpour
Ever consider collecting all rent up front for a discount?
I know that when a new tenant offers to pay upfront its a red flag. However, for an existing (good) tenant anyone ever consider offering a plan where rent can be paid in advance in return for a discount? I am in soft...
Edward Kuk
Recession Financing - when decline in value eliminates equity
Hi everyone,I'm trying to understand any risks to a mortgage during a recession and happened historically. This will help me understand how much debt I want to take on as I continue to look for opportunities. Two main...
Landon Dean
Portfolio Loans
Portfolio Loans.....I am looking to learn more about them and some real life scenarios people have used. 1.) How does it work compared to a traditional 20% down loan that I have used on my other two properties.2.) Are...
Wendy Carpenter
Mini Storage Gate Access Systems
Here’s my second of what will likely be quite a few mini storage questions! The property I’m purchasing currently has a fence on 3 sides, but no gate(s). The drive is a horseshoe shape around the back of the building ...
Brandon Elliott-Pandey
Looking for a Tax PRO
Looking to make a Tax presentation for my Father in Law who LOVES 401k's (with pros and cons) vs investing in real estate as a real estate professional.Would love to have some help here from a licensed professional wh...