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Results (5034)
Chris Risi Refi in Los Angeles- to Cash out or not?
22 December 2021 | 7 replies

Hey all, trying to decide between these two options. Anyone have any advice?
The interest rate for cash out is 3.875% Principal and interest payment $1,833.92 loan amount $390,000 cash out to you approximately $40,...

Masa N. Cash Out Refi- Low Doc/No Doc?
8 November 2019 | 7 replies

I am going to be doing a BRRRR and the last step of the cash out refi is where I run into issues.  I am self employed and can't produce much in terms of tax documents etc.  I can show bank statements and have excellen...

Gerren Ferguson New Law: Submitting Floor Plans for Permits (Oct. 1st 2019)
17 February 2020 | 12 replies

Havent seen a discussion on this yet, but back on Oct. 1st, it appears that the law changed a bit for the city of Philly. All investors must have Floor plans (blueprints) for any renovation work done on a property to ...

Charlie MacPherson Gas, Propane, Oil, Mini-Splits, Electric Heat - cost per BTU?
23 January 2018 | 3 replies

I'm working with another BP member and we've identified what we think is a good flip opportunity.  The current heating system is propane fired FHW and the system is junk - he'll have to replace it completely.That lead...

Chris Lombardi Garage Rental to Wood Shop Hobbiest
15 November 2017 | 3 replies

Hi everyone,I just closed on my first property (yay!) and have a 3 car garage to rent out.  One unit is included in the rent of one of the tenants living in the house, I'll be using a second one, and the third I will ...

Scott R. Fahl Tear Down and Scrapes: Was this property a money-maker?
25 April 2017 | 4 replies

Check out this example of a teardown in Denver. I'm trying to figure out what sort of profit this type of deal produces. The deal: Purchase a property for $544K, tear it down and build a 5729 square foot property that...

Account Closed Heating and Cooling system - 27 yrs old. Ask for credit?
19 September 2017 | 6 replies

Hello,New to the board, I'm in escrow and just found out from inspector that the A/C and heating system is 27 years old, original from 1990. The fan is making a strong vibration that the upstairs bathroom is shaking, ...

Matt Fleischer What’s the best way to tap equity without selling?
13 February 2022 | 6 replies

Is the best way to tap equity without selling an interest-only line of credit, reverse mortgage, or something else? Here’s an oversimplified version of the situation:
Bob owns 5 Class A single family rental propertie...

Tiarra D Taylor 1099 S form. Gross sale in wholesale question???
17 March 2023 | 4 replies

On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...

Austin Shively Bank count for Forming an LLC with Partner
22 April 2023 | 6 replies

Hey there BP people,I am in the processing of forming an LLC with my father to buy and hold rental properties. I currently have 2 properties in my name but the next property I buy would be under an LLC (In North Carol...