Osazee Edebiri
Show Pre- Rehab or not?
4 unit property in Oakland with two units that are vacant and rehab will be starting next week. Normally I would wait to show ready units, but I know leasing ability typically tends to be less as we get out of the sum...
J Sparks
Questions about this Multi deal?
The offer is a 40 unit section 8 complex in New Orleans. It's gross yearly potential rent is $444,336 at 100% occupancy. Expenses are at the 50% mark so NOI is $222,168. He has already made 300k in repairs. Downsi...
Jonathan Beemer
how much would you save? how long? advice!
Hi BP,im in the military and am a lower enlisted soldier, so my pay is not the greatest, but i do make the most out of what i get. i save every dollar other than the minimal bills i have. which the money i do save is ...
Bob Malecki
Any recommendations for first lien monitoring service?
Our Notable Capital fund has acquired mostly 2nd position NPLs with performing firsts and we are looking for a 3rd party service/resource with which we can engage to monitor the first position debt for default over 60...
Joshua Tucker
Buy and Hold near Austin and San Antonio, Texas.
Hello All, my name is Joshua Tucker. I've been a lurker on the site for a few months now, slowly gaining confidence as I learn from the great resources and community found here. I only wish I had found it sooner. Abou...
Account Closed
Question on self representing as a buyer
Hi there,Wondering if the professionals here can give me a clear answer. On several occasions, I’ve asked listing agents if they would be open to a cash buyer who represented themselves which would help save the selle...
Cliff T.
How is income from private lending taxed? How does REPS impact this?
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
Joshua Andert
How to value parking spaces that are to be leased from a neighbor
Hello!So I've got a bit of a pickle here and I'm hoping some of the BP experts out there might be able to provide some help or clarifications.I'm under contract to purchases a multi-use building. There are 4 apartmen...
Nick Dallaire
Pitching to a private lender. Before a deal??
Hello BP, With covid-19 and social distancing affecting construction projects HML's have lowered LTV and increased down payments and some have slowed lending on anything greater than minor rehab projects. I have been...
Mike Mitchell
abandoned house
Hi all,
I found a house that has been abandoned for 5 years (no taxes paid) I'm assuming the owner is deceased. Obviously no heirs want the house. What's a rei to do? The structural standards division of the city p...