Kumar Tummalapalli
LLC - interest rate less than 5% possible
LLC with two members , Buying Investment property- 20% down payment Is it possible to get a loan at interest rate less than 5% ?
David Mateer
Depreciable basis when converting residence to rental property
Hey everyone!Let me preface this post with the fact that I plan to talk with a CPA on all of this, but I like to be educated for conversations like this.
I purchased my house in 2012 for $185,000. I’ve been living in...
Account Closed
Can I make an offer similar to opendoor, crediting myself repairs
I wholesale real estate, I was looking to see if it's possible that I can make an offer of say $280,000, and then I come to find that the property needs ~$25,000 in repairs, so I fully disclose in the contract that th...
Hahna Reyes
Contractor for Beam replacement
I’m trying to find a good contractor who can replace the main beam. After shopping around, we narrow down to 2 contractors. Contractor A has good reviews online and offered me to do the job for $13k. He has proper com...
Michael H.
section 8 rates, and where to find them
Hey BP family,ive been googling around and i cant find a good source on voucher rates.Im in Houston,tx - Harris county. there are plenty of resources to help renters sign up for a voucher but i cant find anything on r...
Colton T.
Rather pay too much for a Residential or Commercial property?
I know. You're like, why pay too much for either...?If you had to buy some properties in a short time frame and not every one of them was going to be a great deal (let's say you were convinced RE was the best inflatio...
Agustin Conti
MEDIATION with Insurance Company?
Hi, I put a claim on old cast iron pipes that went bad with the insurance company on a rental property and my claim was denied. I have need told by the insurance agent that I can request a mediation, to see if we coul...
Neel Patel
Tips On Closing On Multifamily Deal
Hey everyone, I got my first multi-family deal by called calling the owner and need some tips on how to negotiate the deal. The owner is currently asking $1000000($83333 per unit) for 12 units brick apartment in a rur...
Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like. I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appl...
Wayne Littrell
Newbie - Deal Evaluation
BP has been such a valuable resource, learning how to properly evaluate deals. I've located an interesting property, and would appreciate any thoughts from those with experience. Subject property is a 3/1 988 sqft r...