Michael Williams
Down payment for duplex?
An owner of of a duplex (Both sides 1 bed/1 bath) in Sacramento is willing to sell his property to me ($475,000) in the next two months. I have nothing right now for a down payment, I'd need about 20%-30% as a down pa...
Paul Argenbright
Formula for offer price?
I read Ken McElroy's book the ABC's of REI and he wrote about how he figures the value of a property. There was an equation he uses but I can't remember what it is and I don't have his book. Does anyone know that equa...
Steve Ford
Pricing an Offer for Active BnB
I've got all of my ducks in a row (financing, agent, multiple potential deals). Have a few turnkey BnB properties I'm evaluating but not sure how to assess flowing revenue streams. I get that there should be some prem...
Sam T.
Program for cash-out refi after 30 days?
I remember hearing on a couple episodes of the BP Podcast about some program (I think it was something government-sponsored if I remember correctly) where you can cash-out refi after just 30 days on a rental, with the...
Matthew Peterson
Average capital needed for apartment/hotel purchase?
For those who have purchased hotels or apartment complexes. What’s the average liquid capital needed for something that size? Curiosity question mainly to satisfy my wonder of whether or not I want to venture down tha...
Serenity Ji
Legal? $800k mortgage on a $60k property
A rural property with a run-down residential manufactured home worth $60k; is there any legal means the owner was able to take out a mortgage on it for $800k?
Ivan M.
Should I amend last year's return or not due to incorrect depreciation?
Hi folks, I frequent the forums quite a bit but don't post a lot. Perhaps someone has a little experience with my question though: I have one rental house and do my own taxes (maybe I'll rethink that last part...we'll...
Natalie C.
Is a short sale even possible on this property?
Hey everyone! Still a newbie and would love some input. I might be totally off base for even exploring this option, so would love some input.Looking at a SFH in my township in New Jersey. Property was last sold in 200...
Dustin Tyson
6 unit in a small town
I've found a 6 unit complex for sale off market in my town. It's only 50% occupied, and I believe it's because it hasn't been updated since its was built in the mid 80's. Also, the property is tucked away in a B- neig...
Shannon X.
Business cards...
I attended my second REI meeting last night and was told to MAKE business cards to hand them out, so this is what I would like to do. However, I'm lost on what kind of business card I should make. As some of you may k...