DJ Tosh
Hey All, new guy from western New York!
Hey BP crew. Ive been hanging out a little bit and have benefited tremendously from the BP community over the past few weeks. I had rekindled my desire to pursue real estate this year and BP has fanned that flame...Im...
Sergio Moratto
The BRRRR System.$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
When I use the BRRRR System in the refinance part of the property , that money is used to pay the initial loan of the purchase property . I now directly assume the debt whit the Bank or lender, this payment is made t...
Account Closed
What are the rules for CASH OUT REFINANCING
I recently purchased a home with cash with a lender promising me he could turn around and refinance this same property the very next day. I questioned this from the start as something did seem right with the whole i...
Jarrod Deshields
So Close, Yet So Far
Hello BP family!Its a little while since I've posted here in the forums but I kept telling myself to get back to it. So here I am. Now...where to begin?Without going TOO far back in my REI journey (almost a year) I'll...
Tim George
Looking to Buy First STR LTR in Philly Winter 2023
Hey all,I am looking into purchasing a STR/LTR in Philly. I am a ex-touring musician and first was playing shows in Philadelphia in 2017 in the Northern Liberties/Fishtown area when apartment buildings cost the same a...
David Nevarez
How to obtain garage from tenants to convert into ADU
What do you guys suggest I do to get back two garages from long term tenants to convert hem into an ADU???? Greatly appreciate any suggestions or ideas.
John Woodrich
Rent discounts and late fees
I am purchasing a property with tenants in place. Most of them are on month-to-month arrangements and have dinosaur lease agreements so I plan to renew with my lease agreement. One thing I was conisering doing was u...
Kevin Chisholm
My very first BRRRR method purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Pittsfield.
Purchase price: $165,000
Cash invested: $37,600
A Hard first acquisition. First Hard money lender dropped the ...
Tiago Martins
New property tax deductions
I read that you can’t deduct expenses when purchasing a property and making it rent ready, until it’s listed for rent. So any repairs to make it rent ready can’t be deducted, correct? Now, I have also read that lis...
Jack Bobeck
Powerlink Settlement Services
Anyone had the pleasure of working with Powerlink Settlement Services? I purchased a property online and the closing agent sent the paperwork to Powerlink, was supposed to close today, now, who knows, I have yet to he...