Ian Gilligan
Sub To - mechanics of paying the loan
Hi all, Talking with a seller tomorrow about buying a duplex from him Sub To. And I'm probably an idiot but I can't seem to figure out what exactly happens when I take over the payments. Am I sending his mortgage comp...
Brandon Kamm
Using Equity On Investment Property
I am having trouble through the banks working to use the equity with the hope of using it to improve a portfolio and also to work toward acquiring more units. Any thoughts on how some of you have been able to use yo...
Trevor Burns
To be an agent first?
I will be transitioning out of Military service in the next 3-4 months and I will be staying here in Fairbanks, AK. It is my end goal in this transition be a full time investor in BRRRR investing.
I have long though...
Jason Howell
Budget for CapEx vs Repair on long term rental property
I have bought four properties in the past year and prior to purchase, ran all numbers based on budgeting 10% for repairs and 10% for CapEx expenditures. These were acquired via turnkey, so in nearly all cases, all big...
Paul G.
Condo in Mesa, AZ Deal Analysis
So,I'm (finally) under contract and the seller has accepted my offer. Here are the details2bed / 2bath 1000 sqft Purchase Price: 98K, Seller paying 2K towards closing costsHOA: $175Vacancy: 1/12 (8.33%)Taxes: $400/ye...
Barry Cooley
EIN and Business Checking Account?
Good evening BP members. I am going to purchase my first single family investment property within the next few months. I have money in a couple of different personal accounts that I want to use to purchase properties....
Felicia Richardson
Fannie Mae HomeStyle
Hi all!It appears to be a shortage of Lenders (GA) that I'm finding that have the Fannie Mae Homestyle product. I was looking at homes on Fannie Mae Homepath and I'm interested in buying a fixer upper. In comparison t...
Jabbar Adesada
What does maintenance and repairs cover
Hello all! I am currently working on my first deal which will be a house hack and this is a basic question, but what exactly should I be using maintenance/repairs for? Should half of my budget (5% of the totals rents)...
Staci Russell
Renewing a STR Tenant
Hey guys! This is my first time posting on this platform and I'm hoping to get some clarification on the following topic. My husband and I welcomed our first 28 day renter in our STR property. They are a great family ...
Jake Sink
Sample Rental Analysis in Jacksonville, Fl looking for feedback
Recently I have taken Brandon's advice and started to analyze rental properties every day just so I can become comfortable with the process and the numbers so that I can pull the trigger when I have the capital to do ...