Shane Zilinskas
Purchase then refinance to DCRS to pull out down?
My understanding is you can get a DCRS loan at 1.2 - 1.25 debt service coverage.
Assuming the property is currently being used for short term rentals:
What is stopping me from acquiring a property having less than t...
Henry Clark
Industrial/Flex Property- Day in the Life, Building a Flex Prop
Primarily do Self Storage. As I have looked around several cities, I have come across Industrial Flex, Contractor Garages and Contractor Incubator buildings.We have 4 acres set aside on a 4 lane road with 15,000 Vehi...
JR C.
Hereos Act will hurt landlords in a bad way
Forgive me if this has been posted before. A search didn't find anything. As you probably know, the Democrats in the House passed the Hereos Act, A part of this bill calls for a Federal Ban on evictions of any residen...
Jordan Williams
Flip or Flop show really that accurate?
Just watched this show with my wife last night. It made me think of the quote the rich get richer but I'm still pretty skeptical. The show basically went as follows:If you have 300k cash to spare go buy a foreclosure/...
Nick James
Section 8 not honoring original agreement
Hey BP,I recently renovated a 3 bedroom unit in my East Oakland Duplex and put it up for rent. I decided to accept section 8 applications and ended up selecting a single mom who lives with her 12 year old daughter. Sh...
Cheryl C.
Should I hold my flip off the market until spring?
I am closing on a short in about 2 weeks. I expect the rehab to take about a month, putting me into the holidays. In my market the buyers come out in droves when the first warm weekend arrives. This is usually mid ...
Cassandra Sifford
DILEMMA - DE Vacant Property Next Door w/ Water Leak
HAPPY FRIDAY BP Fam!!! I'm wrapping up with renovating my 1st investment property in New Castle, DE. My contractor was going to install the vinyl plank flooring, but called today to let me know that there was water ...
Nikk Wong
Entering into an LLC with a friend to buy an expensive property
Hi, thank you for reading. I am a new-ish property investor. I have 4 properties that are all single-family which I rent out to long term tenants + airbnb. The income covers the mortgage and some of the prop tax on al...
Ivan Figueiredo
Flipping in Atlanta during Coronavirus crisis
Hi BP community. I am scheduled to close on a flip in Decatur, Atlanta GA in the first half of April. The deal is as follows:Purchase price: $132,000Rehab: $165,000 (adding 2nd story of ~1,000 sqft; renovation of exis...
Erik Peddle
LLC for every property?
Hey everyone. I have one 3/2 residential rental property and want to scale up with a multifamily purchase. Do I need to start an LLC for each property? What other basic legal setup is necessary for managing rental...