Anthony Arender
Cash on Cash Expectations
I invest in the Northern Kentucky market, across the river from Cincinnati. It is next to impossible to find decent properties that cash flow for an 8% coc. Should I settle for less in order to get my cash out of th...
Cole Baker
What are all the implications of going under contract on a multifamily property?
BP Nation! Looking for you to come through again!I was given an off market deal in the Houston, TX MSA. Based off of underwriting, the deal pencils. What are the implications of sending in an LOI and going under contr...
Tim Bee
Tenant just became wheelchair bound. Who's supposed to pay for the changes!!!!!!
In CA: I have a tenant who, all of a sudden is in a wheelchair. They want widened door ways and God knows what else after that. I'm guessing they might eventually want all the ADA requirements. Changes to convert ...
Art Maydan
How Much Will These Violations Cost to Fix?
I found a 4-unit I like, but it has violations:1639 W 38th Plhttps://webapps1.cityofchicago.org/buildingviolations/violations/addressinfo.htmlDoes anyone have an idea what this would cost me to fix and how soon I’d ne...
Larry T.
Eviction found in report question
I will likely reject my applicant but have a question about what constitutes a "credit report" and therefore, the necessity of writing a rejection letter.
I ran an eviction check and criminal background check and fou...
Jeff D.
flipping out over possible s-corp loss
Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
John Montgomery
closing costs on refi
Hi BP,
I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going th...
John Ellis
Cost of Investors Money?
The past year I have worked with one investor who bank rolled the entire operation and we split the profit. After two homes we decided to create a company and partner 50/50 on everything. We have 100,000 in cash. We a...
Meg K.
Handy man fees...Your thoughts
Hello,Am i being unreasonable by telling my handy man that these charges are too much. He said he went online and searched for average charges. My argument is he should use local comparisons not national. And i coul...
Jason Henry
Newbie BRRRR question
If You BRRRR a property does it matter if I can only pay cash for the acquisition and not the rehab? Or vice versa, can only pay for rehab and not acquisition? Meaning get some other form of lending for the piece mis...