Anna Smith
How to spend $80,000
Hello BPers!My husband and I will have $80,000 to spend on rental investments next year. We will invest in a buy and hold, in the Memphis area. I am curious how you would invest $80,000...1. Purchase a home with cas...
Christopher Giannino
Expenses that a newbies might not expect
I am straight out of college and interested in purchasing my first rental property within the year. I was wondering what expenses do I need to expect? I know some of the more obvious ones such as mortgage, insurance, ...
Luke S.
Selling after appreciation.
We bought a 40 unit complex in 2012. This was the first purchase for our family. We have now added significantly to NOI for the property. Reinvested significant amounts of capital to clean up units/property/etc... I n...
Kate Ellis
LLC Taxed as an S-corp for flipping
We just set up our LLC in Illinois to flip houses. I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership. I'm all for S-corp except for the requirement ...
Harry Brodsky
Any obvious misses in this report?
View reportFound a renovated triplex in Strawberry Mansion. The numbers in terms of cash flow are quite good considering this would be a turn key property. Too good to be true? Any large expenses that were overlooked?...
Matt Ziegler
analyzing our 1st BRRRR, thoughts and comments would help...
View report
*This link comes directly from our calculators, based on information input by the member who posted.
Gordon F.
How can an investor bid on their own foreclosure property?
Let’s say the worst case scenario has happened, and now you’re at the auction for the property you had to foreclose on. How can an investor afford to open the bidding at the price of the UPB and costs? If you win, d...
Britt Clark
Non Recourse Loan Opinion?
I’ve been in discussion with several lenders recently as I build my multi-year business plan. Lima One offers a program that has non-recourse loans that can be used within an LLC. Of course, there is a cost to this an...
Harrison Alley
What financial situation do you recommend before buying a rental?
My wife and I make about $100,000 a year total, we have ~$38,000 in student loans (total), we have no other debt, and we'd like to get started renting out properties. We currently live in a two bedroom apt that we onl...
Cassidy Burns
Deciding whether to separately meter water in a Multifamily
Hi All,I wanted to get a feed started regarding opinions on the pros and cons of taking a multifamily building, in my case 4 units, that is currently on one water line and separating each individual unit. The current...