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,...
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...
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 ...
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...
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 ...
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...
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, ...
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...
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...
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...