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Hello BP community! I am excited to share that we are currently in escrow for our first property and in hold for the second one but, due to my low income seems challenging to qualify for it. The 1st property is as res...
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I’d like advice on where to take my down payment from.I’ve got a paid off house I can get a heloc onI’ve got a 401kI’ve got a savings accountI’ve got a brokerage account (might have to sell a couple stocks to have the...
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After reading multiple investing strategies via BP books and blog posts, it feels like house flipping might be the best entry for me for a number of reasons.It won’t conflict with any work I may do as a realtor with m...
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I am looking to add an important member to my team. I am looking for CPA who can enhance my business to the next level. I live in Southern California, but I am willing to work with a non-local CPA.
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This is a townhome in Middletown that I'll be renting out. Is asking for security deposit, plus 1st and last month rent up front asking too much? How do you set up your upfront cost requirements from your tenants? And...
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Working on helping my dad get a loan for a four plex. We are targeting a loan with low down payment, that I will gift to him. He didnt have 3 months reserves so I gave it to him in an joint account we just set up 6 da...
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My LLC (small partnership) has been renting an 8 unit property in Rochester NY for the last year+Last year (2017) we filed a 1065 and state tax return with a colleague and CPA. We were satisfied with the results as h...
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When doing a JV deal where 2 parties are each paying half the downpayment but only one party is on title, what is the best way to arrange the funds to keep the lenders happy?
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Hi I would greatly appreciate input regarding the proper way to structure our real estate business in North Carolina. We have (3) Single family homes as Rentals but only (1) LLC established. Many of the books or podc...
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I just rehabbed a house and I have the appraiser coming out in a few days….There is some additional square footage now, but I am unsure how to officially record this for the appraiser to take into account Is this some...