Vidit S.
Should I do a remote investment with or without a LLC?
Hoping I can solicit some knowledge from the experienced community here once again. What I understand from my nascent research is that one should ideally form a legal entity (LLC etc) to buy any investments to protec...
Bienes Raices
College students -- source of income
A college student called who wanted to see the place. I asked him if one of his parents was going to be the cosignor and he said no. I told him that I needed gross income to be at least 3X the monthly rent and he said...
Luke Ostergaard
Medium Term Rental Payment and Leasing
Hey BP community!I am considering gearing my next unit towards travelling professionals and I have a couple of questions. 1. Are you all typically taking payment up front or on a month by month basis? I assume this wo...
Kim Hopkins
Is It Typical for Mortgage Broker to Charge Fee on Refinance?
Hello!We have a great new mortgage broker but I was just reading his engagement letter and they want us to agree that we will pay them another fee if we REFINANCE with the lender they've introduced us to within 5 year...
Mark Forest
Subject to ?
I know the legal definition of taking a property “subject to” is that I would take over the payments of the mortgagor. I would not be liable if I could no longer make those payments.
How do the mechanics of this wor...
Matthew W.
How do I calculate ROI on a rental on something I bought over 20 years ago?
Every calculator has stuff that seems irrelevant or is not true to the situation. My purchase price was over 20 years ago, I do not remember closing costs, have refinanced twice at least and I have been renting it fo...
Sam McCormack
Does 0% Vacancy Sound Fun?
What seems more appetizing to you? - SMF, 200-300k, in C- to C+ area , immediate cash flow (5-8% ROI), 3% appreciation/year, and 5% Vacancy- SFH/SMF, 400k+, in B+ to A- area, break even (for the first year), 6% apprec...
Justin Thompson
Ways to Improve the Hard Money Industry
(Didn't get much traction on this in the Marketplace, so I thought I'd move it over to the forum!)
Hi all,
This is going out to all real estate investors who have utilized Hard Money in their deals.
In what way ca...
Micki M.
My experience with a turn-key flip company
This post is a summary of my experience doing an out of state flip with a turn-key flip company. I am posting because there is very little information about this organization online and other potential investors shoul...
Mark Caudill
Has anyone reviewed S2A modular? Just doing my diligence
There is a new green modular company out of hemet, ca. S2A Modular Went thru their presentation yesterday. Just wanted to see if anyone else has looked into them. Supposedly they can build a custom or one of their pr...