Hello everyone, So this is my story, I need some guidance... I rent in a property with two houses. One in the front and one in the back. I live in the back house. My family has been living in the unit since October of...
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Does anybody in the London, Ontario crowd have a good RE lawyer?I need someone that can turn a couple rough drafts into contracts, write up some offers, lease options, etc, and also to simply answer a question about w...
Hi BP! I would like to ask a tax question here since I am a noob and still searching for a cpa :( Scenario:
- Buy a triplex of 1.5m price with 20% down conventional loand
- Loan amount : 1,200,000
- Owner occ...
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As I work through some of the IRS worksheets, I am wondering whether it is normal that there is a difference in the fraction of depreciation one takes on a rental property that was only rented for part of the year, an...
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I'm closing on my second deal in the coming weeks on a buy-and hold-single family house that I plan to house hack. I'm still waiting for my appraisal to come back which in large part will dictate how much money I'm pu...
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I am a new multi-family investor and ready to submit a LOI. However my math calculation has pointed to a lower sell price than the listing price. Is it normal to submit an offer with a lower amount? From what I've ...
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I am looking to purchase a tri-plex or four plex in the Louisville, KY area. I want to live in one unit. I am a first-time home buyer. I want to obtain conventional financing. The only person I've talked to so far was...
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Hi BP family,
I'm an enthusiastic hard working and aspiring real estate investor from Chicago, IL. I am interested in wholesale and looking for any guidance in building an effective and efficient team. Any help or gu...
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Posting on behalf of a friend -" I purchased a rehabbed property, six months back. I just discovered that the rehabber has not closed the permit before selling the property to me. The permit has expired but not closed...
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Hello All!I am going to be starting my BRRRR Strategy soon and I wanted to know how I should go about purchasing the properties. I know I need an LLC for certain financing. But which one should I get?In order to refin...