George Sadler
Is this being sold as half a duplex??
Hello,
Im brand new to real estate and looking to purchase my first property (multifamily) within the next 2 years. This property I was browsing looks like its only being sold as half of a duplex? If I go on zillow ...
Michael Gao
How to split profits between husband and wife from flips as sole proprietorship?
Hi,
I am currently doing flips as a husband and wife team. I "hire" my wife to do research for me on deals and I make offer to close the deals and hire GC to do the fix work for me.
This year, I opened a "Keogh pro...
Aman Singh
Commercial Properties You Can Live In
I am a Business Owner who's looking to open a Second Store preferably one I can live in. I currently pay rent for my store and my apartment. I'm looking to move out by the end of the this month. My girlfriends looking...
Trevor Dominique
Calculating Net Income
Hello BP,I am just curious how you guys factor in capital upgrades into your calculations of net income. In my calculation for net income, I accrue for tax/interest/insurance to spread these costs over the year so tha...
Michael Bertsch
causualty loss on rental property
Let’s say the roof on your rental property gets damaged from a storm and you claim a casualty loss. At the end of the year, you have a net operating loss after depreciation and operating expenses. Can the causality lo...
Campus Johnson
Putting 3.5% down payment on a FHA loan
If I put 3.5% down on a FHA loan, will my mortgage payments reflect a low down payment or will FHA treat it like I put 20%? Also, if FHA doesn’t treat 3.5% down like 20%, would I have to get mortgage insurance?
Matt Arden
Should I file tax return on LLC if didn't pay any properties
Hello, I was wondering if I should file a tax return on the LLC I formed in Wyoming for my rental property business, even if I made no money in 2019 and bought no properties. I live in Florida and I am about to do my ...
Nathan Kawalerski
Borrowing Money for Down Payment
Hello, how would you go about structuring borrowing money from a family member for a down payment? Interest, length of time etc.
Arturo Borges
What are the top value-add strategies for a flip rehab?
Hey!I wanted to ask what are the top things we as flippers should take into consideration or the strategies that add the most value when rehabbing a property to flip? Thanks in advance!
Scott Zeiger
Mold, and not just your everyday amount.
We are looking at a house that has mold literally all over the walls and ceilings in multiple rooms, including the living room. Has anyone dealt with this type of situation? They don't know the original source, and it...