Kyle Charles
What profession creates a commercial real estate Proforma
Good Day, i need to put together a business plan to apply for a construction loan for a commercial real estate property... After extensive research I learned that the business plan is only as good as the projections d...
Kurt B.
Using roommate income to qualify for future rent in a multifamily
I understand that you can use future rent as income when qualifying for small multifamily as long as you have established history as a landlord. Does the rental income from renting out one room in a house that you liv...
Robert Dobbs
Probate, capital gains and investments (California)
Hello BP,I have some questions regarding probate. My uncle passed away a few months ago, and my father has been granted executor through probate. My father was already half owner of the property and now assumes the en...
Jonathan Shepard
Using Line of Credit and Credits Cards for BRRRR
If all aspects of a BRRRR deal have been reviewed and appear to work (“all in” budget including holding costs work out to be 70-75% ARV), what are some of the risks or pitfalls associated with funding a deal with a fe...
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 ...