Leslie L Meneus
What are some of the documents I need to get a Hard Money Loan?
I know I need:Articles of Incorporation Operating Agreement Loan Contract (Unless the lender provides one)but what other documents solidify my chances of being successful when applying for a Hard Money or Private Loan?
Account Closed
Impact of new Tax Laws to REIs?
CPAs & LLMs on this board, have you read the proposed (maybe fully approved - I have not looked at the news feeds lately) Tax Law changes and how they will affect Real Estate Investors? My question is a general o...
Roberto Chan
I hear a lot about the 2% rule and cash flow but what if
I am in a pretty hot market like in South Florida. Rent is pretty hot but to get a 2% on a house or property is a pretty hard find. but What if I wanted to get lets say a house worth 300K and rent it for about 2,400...
Mark Tanner
Tax Question With Big Impact
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Rob Krach
House Hack
Hello all,Along with my short term goals, I have the goal of getting started with rental properties here in Chicago and was hoping some who have gone through this could provide some insight.My goal is to use a FHA 203...
Derek Carroll
Screening Showings for serious renters
I live an hour away from most of my SFRs and self manage. When I have a vacancy I only want to show it to someone that is serious. How do you screen out folks for showings who are just kicking tires or might not oth...
Steve Francis
HELOC as down payment
Hello all,I've been looking for my first rental property for almost a year now and have found one that looks to cash flow about $400 a month. I don't have the capital for the 25% down payment but have a 50k HELOC on m...
Amy Hu
costly eviction and broken in -bloody lesson
In April we switched PM, this tenant in SFH stopped paying. It took several months to evict him and cost extra attorney fee. That guy forged payment receipt and appealed in housing court! Can you believe that? It's n...
Jordan Whitworth
Best way to finance 6 units (3 duplexes)
Fellow BPer's,
I've done 3 or 4 deals already with traditional financing but I have an opportunity to potentially buy 6 units (3 duplexes) with a partner. We can still afford/qualify 4 of the units under traditional...
Account Closed
How to best leverage outside capital investment?
Hey all! Good morning!
Would anyone have any "outside the box" ideas on how to best leverage my first investment of $250,000 being applied to a tiny house development in the Denver area?
I know it's not going to be ...