Richelle Bryan
Seller Won't Share P&L
Is there a scenario that exists in which it is reasonable for a seller to refuse to share their Profit and Loss statement covering the most recent 12 month period for the property under contract? I think it is a deal ...
Philip C.
Pre-Qualifiction vs. Pre-approval
So, I've reached out (given my 810 credit score and shared my income, low debt, etc.) to various lending companies and brokers and learned that nobody "pre-qualifies." They all suggest going straight for "pre-approva...
Tina Rubin
RI multifamily BRRR finance lending process
I have 1 SFR rental property in CA. My first out of state purchase was a SFR in Feb.2021 in East Providence. I made minor improvements (5k) to get it rented within 30 days of closing (East Providence) and it cash flow...
N/A N/A
Advice Needed: Too Good to be True? Estimated Costs...
I'm thinking about buying this property but it has been completely gutted. It is a two flat but the second floor does not exist and so I would have to build out a staircase, put in the floors on both the main and seco...
Mike Gomez
Owner finance -deal or no deal
Hello BP fam, I'm in need of some guidance. This is my first time looking into a owner finance and I'm trying to figure out if it's a smart move and what else it would entail to ensure a good deal...
A neighbor acr...
Yeshua Williams
Positive Income Issues do exist. Any advice would be great.
A little while back we acquired a property that was a real fixer-upper. Well, we did a good job and now have positive cash flow. In terms of positive cash flow, what do you do for taxes? We'd like to take some out...
Kevin G.
Would you flip a house with interior fire damage?
Currently, my business partner and I are looking to put an offer on a single-family home for a house flip. The house is listed for $230k, and we plan to offer $235k. The potential after-repair value (ARV) for the prop...
Mackal Smith
55 Is Not Too Old To Start (or) I Hit My 2016 Goals already
I love being a new investor at 55. Why? Because this age automatically (or auto-magically) gives you credibility with sellers, contractors, lenders, and real estate agents. They see a little grey hair and a few wrinkl...
Caleb Heimsoth
Fair Price to Form an LLC?
Hello,I want to form an LLC to hold my properties, and will be doing this in Ohio. I just got a quote from an attorney there for 1000 dollars to form the LLC for my future properties in Ohio as well as the one I'm ab...
Felipe A.
HELOC on principal residence - great, but what happens if I move?
I am exploring opening a HELOC on my principal residence allowing me to make a nice down payment on properties down the road. However, if I move, I have to pay off the HELOC before satisfying the mortgage on the old ...