Stephen Scire
Help with Analyzing 1st 5 unit (commercial)
Hello fellow BP junkies, I have placed an offer on a 5 unit, hoping my #s are correct and a suitable investment.there are (3) 1 bdrm & (2) 2 bdrmOffer/Purchase price=565k, cash out= 141k, financing =424kCURRENT S...
Christina Davis
Interest with seller financing.
Hi All,
I am looking to purchase a property with owner holding the whole note. Right now I rent from him. The property was purchased as a fixer upper, an I had to do a few things to make it liveable. More works nee...
Michael Wolffs
Minimum acceptable return
A broker sends me a constant stream of listings off of the NJ MLS system for the areas property I'm interested. Most are immediate discards, but occasionally one catches my eye. One did today.I did a quick calculati...
Rob Rice
Help, Slam Dunk Deal in Carrollton GA Fix and Flip or Buy n hold
Hey BP Family.I have a deal in Carrollton, GA, however I don't have a buyers list. It would take me about a week to build up some buyers in that area.It has enough room to build a couple of duplexes on it.Does anyone...
Jeyo Punnakottil
Investor friendly Tax person/CPA recomendations in Houston
I really need an investor friendly tax person /Cpa in Houston .Any recomendations ?I am in a serious situation .Filled for an LLC in state of Texas using Incfile .LLC was created to keep a rental ppty ,but currently t...
Jeff Christman
Mileage deduction on fix and flip
Question 1: I completed my first FLIP a couple months ago. I kept track of all my mileage assuming this was a deductible expense. I'm not sure I did it correctly vs the IRS though. On days that I went to the pro...
Damon Albers
Points Buy Down or Price Reduction
I'm working with a seller and they are offering a price reduction or to pay for points. The price is $109,900 so they will reduce that price by 2% which is $2,180 to arrive at $107,720, or they will pay a 2% discount ...
Eiger Bern
Owner occupied duplex interest rate vs. single family home interest rate
With the current 30-year fixed mortgage interest rate at approximately 7.05%, I am curious about the additional interest I might have to pay for an owner-occupied duplex. Both properties have a 20% down payment.
As a...
Nathan Gesner
Do you have pet problems like I have pet problems?
This is an evicted renter that was bringing animals into the house. Horses, cows, lambs, emus, and more unauthorized cats and dogs than we can count. There were many more pictures, but I left them out because of kids....
Pierre E.
Flipping Property Inside of Property Management Company
If I have a property management company that manages all my rentals, and a separate holding company that holds all my buy and hold properties as my main form of investing, if I find a property that I want to purchase ...