Alvin Ng
Structuring real estate for cost and protection in California
Hi BP,Although I’ve only started in real estate investing, I’ve been reading books on tax and legal protections. In protecting my investments, I’ve learned the importance of the first and second defense, home owner’s ...
Lloyd Segal
Economic Update (Monday, February 15, 2021)
Economic Update
(Monday, February 15, 2021)
I was never a big believer in “Herd Immunity” until now. The term “herd immunity” represents a hypothetical threshold of our population that needs immunity to the coron...
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Jacob Reilly
How Much is Seller Financing Worth?
So I have come across a "deal" in which seller financing is an option. However, I am not sure about the numbers, and would like to post it to the BP community for some guidance. The seller is straight forward, and w...
Corey Demuth
Best option for mortgage when buying rental to hold in LLC? (NY)
I am trying to buy a SFH to rent out. I am running into a problem where residential lenders don't want to let me take title into an LLC (even though I would personally guarantee the loan.)OK.So I talked to some commer...
Luca Perinuzzi
Why is the Ohio market so popular right now?
I have been seeing that cities like Cleveland and Columbus (Ohio) are becoming increasingly more popular for investors. I'd be curious to know what is making these markets stand out to investors.Any advice based on ex...
Drew Slater
First Deal...but my area is extremely expensive
Hi everyone,This is my very first post. I would like to start off by saying how much I absolutely love this community just from everything I have witnessed over the last few weeks of scouring the forums. It's amazing ...
Dennis Tierney
Multi-Family Appraisal Sham?
Has anyone else found multi-family appraisals in your area to be essentially worthless? I know the banks require them but I have found them to be wholly lacking in credibility. We have under contract a 48 unit that...
Dilcia Morales
DSCR Docs Requirement
Hello Fellow Investors,I am excited to be under contract for my first STR property, but I am getting nervous about the many things I'm already discovering. I am surprised that my lender is asking me to access Social S...
Account Closed
BRRR strategy confusion - Refinancing
I'm confused on the refinancing part of this strategy.For example, with obviously hypothetical numbers, you find this situation:Purchase: $70,000Rehab: $35,000ARV: $150,000So, your total investment is $105,000. You re...