Ron King
65-70% of ARV
Hello, Why 65% or 70% of ARV? What is factored in that %, because repairs are factored in after you take 70% from the ARV?So if i offer a seller 70% of ARV and they ask why 70% what do I tell them? "Because its rule o...
Paul Zofsak
SFH vs Multifamily
My wife and I are just starting out and trying to determine which niche is going to be the best for us. We eventually plan on moving into apartment complexes down the road but need to establish that road first. I wo...
Emily Di
Quickbooks Online Usage Limits - Help need alternative
I'm over the new QBO usage limits due to depreciable assets. Is anyone in the same boat and if so what are you doing about it? I have 4 QBO accounts so the idea of paying $150x4/month for the new "Advanced" QBO accoun...
Justine Scheuher
"Bad" First Home Purchase and House-Hack, Thoughts?
@Scott Trench ruined my first home purchase. Just kidding...kind of, but in a good way.This year, May 2017, I bought my first house. Renting felt like I was throwing money away so I thought I was making a smart inves...
Will Ducusin
Will a co-sign to a loan increase the chance of pre-approval?
Me (and wife) are from Tennessee. My brother and his wife are from California. WE are planning on buying our first single family rental property in Tn. I and my family will be the first "tenants" for the property. Ou...
Jason Measures
First Deal for $5k!
Hello BP!
At the end of January, I closed on my first rental property for $5,000 total purchase price. The seller's husband had died recently and already moved into another house, so the property was a major ...
Joseph Agins
Banks or CUs that will do HELOC on SFH rental property?
I know many banks and CUs will not do HELOCs on investment properties but I have also heard here and elsewhere that many do. However, now that I am actually looking, I am having a hard time finding any and can't locat...
Alshan San
Opinions from cash investors
I'm looking to get into investing and have 120k roughly to begin with, located in Dallas and have visited the foreclosure auction at the courthouse but was a little disappointed as I did a bunch of homework and none o...
Jeremy Harris
Lease option for a section 8 tenant
I am in the chicago are suburbs and have a potenential tenant that has section 8. They are interested in a lease option (rent to own) on a single famIly home. From what I’m reading, it is difficult. Has anyone had any...
Paul N.
Hello and first post from TotalNewbie from LI, NY
Hey everyone, I *finally* got a chance to post here after registering a couple of weeks ago. It`s a beautiful snow-stormy morning here on LI -
beautiful because I get the day off from work with pay :D
I`m in a 100...