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Hello BP community.My business partner and I are close to purchasing our first rental in New Brunswick NJ. Recently I had a conversation with an established flipper/investor who recommended not worrying about an LLC f...
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I am looking to purchase a vacation home/investment property in Rhode Island. I am currently in NY, my initial idea was to use home equity loan or LOC from my current home for the down payment.
1. Is this a good ide...
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I have 2 townhouses and a duplex. Although I have property, I'm still very much a newbie trying to figure everything out. On each property, the insurance I maintain is what the insurance company has quoted me for repl...
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Hi everyone, I have a property in Swannanoa that was affected by the hurricane. I have Proper insurance, tailored to short term rentals. As many STRs in the area, I have been dealing with cancellations and loss of rev...
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Hi all,
Long story short, I went under contract more than a year ago on a condo (new construction) in Denver at just under 400k, and just finally got my appraisal today at 445k.
Unfortunately, I was not able to loc...
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I've noticed some investors having some issues efficiently and accurately analyzing rental properties. I thought I would provide a reference below to help out some investors who are struggling to determine what's a go...
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Burning question... Is the rental income considered when qualifying for a vacation property loan?
I am looking to invest in one or more STRs. I have considerable savings, but my self-employment income is less than de...
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My insurance agent says I can require my tenants to have renter's insurance. I run a pretty tight ship as far paperwork and managing my properties, but this is one area I maybe failing in. I appreciate any thoughts here?
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In looking at a bank owned REOs, courthouse steps or online auctions like auction.com, HUD, etc, or just wanting to understand basic REI principles, please provide some insight and correct me if I am wrong so far.
1...
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FYI Because I think this will have a larger impact on pricing than the shelter-in-place orders. Not only have interest rates crept up but overall terms like reserves/escrows and debt service coverage have increased bu...