Christopher J Lemmon
Analyze this duplex with me in
Here is potentially my 3rd investment property purchase. A duplex that is currently rented.Price $83,000Rents $575x 2 = $1150Down payment = $20,750Inspection = $450Appraisal = $450Title =$1200Insurance = $1100Loan Org...
Michael G
Ultra-basic tax example
Hello friends,
As I get closer to buying my first rental unit, I am thinking more about taxes. I know depreciation can be used to offset rental income. I have a few questions about what the government considers incom...
Todd Chandler
Best Practices For Structuring Partnership
My wife and I are Realtors and have completed two fix and flips and are about to start on our third.We have an investor and his wife who want to fund a fix and flip as silent partners and split the profits from the pr...
Johnny L.
Colorado Brokerages To Hang License With
Hello my fellow Realtors!Quick question for those in the Colorado Springs Area specifically. I will be licensed by the end of November and will need a brokerage to hang my license with. This will be my primary career ...
Daniel G.
Seller/Owner Financing for Multifamily Acquisitions
Hi BP Community.My question is about seller/owner financing for multifamily acquisitions. I am looking at a 97 Unit property in Texas that is being offered at close to an 8% cap rate.I visited the property on Monday a...
Bryce Peterson
My Tenant ABANDONED His Unit - Requesting Advice
Hi all,I've a member for a little while but this is my first time posting in the forums. I've got a 4 bed, 2 bath single family residence in Hawaii where I rent out individual bedrooms.One of my tenants abandoned his ...
Patrick Young
Refinance or Am I Pre-Paying Cashflow?
I am debating whether to refinance a rental property. The numbers might be obvious to others or it may be a matter of investing philosophy. I generally would not want to have to add equity to a property just to refina...
Hagop Sandaldjian
$50,000 to invest, 22 years old
Hello Everyone!I am a 22 year old living in Los Angeles and will be getting my degree in Finance in the next 3 weeks. I have been selling fine art and antiques while in college and have been fortunate enough to save $...
Aaron Rocha
Cash Out Multiple Choice
I am 31 years old, about to refi, and ready to buy my 2nd property. Hopefully a multi family unit.
My single family house in Denver is worth approximately $250k. I paid $125k. I owe $100k on a 4.65% 30yr fixed. My...
Brian Scott
Refi question FHA to Conventional
Hello everyone,
My wife and I own a mutli-family home and purchased it in February 2022 for 495,000. We put 5% down using an FHA loan and currently have an outstanding balance of 450,063. We opted for the FHA so we c...