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Potential First Multi Family Deal
Hello All,I am 23 years old and I am on the fence about jumping into the world of real estate investing. I currently live at home with minimal expenses. I have a decent amount of money saved up and the only major expe...
Ed Maione
Massachusetts Closing Costs
Hi all - I've been shopping around for financing options in Metro-West Boston and stopped into DCU for a general quote and to ask some specific questions. We ran the numbers on a $300,000 purchase, 20% down, non-owner...
Susan Michael
Create SLLC for FAFSA?
Hello, and thanks for reading. We have a Junior in high school (only child), and this coming October will fill out the FAFSA for the first time. My husband has a W-2 job and owns 2 residential single-family properties...
Marco Manomat
First STR New Build Advice :)
Hey ya’ll, my brothers and I are looking to get into our first REI venture; specifically leaning toward building a new STR in the Poconos. This is mostly because:(1) we already have a lot to build on - we want to take...
Curt Smith
How to file taxes on a sandwich lease option
Hi Guys, I searched BP for tax prep help, didn't find any tax prep helps for a sandwitch lease option.Bought on a lease and option. Zero option fee, lease is the sellers mortgage payment: $798/mo. I pay for fix ups...
Shawn Riley
Direct Mail question
Hey BP! Im looking to start a direct mail campaign for doing some wholesale deals. I wanted to know what type of letter/postcard I should use and what criteria i should pick for generating my list. Can anyone offer s...
Manuel Prado
Forming a Holding Company
Hello everyone I have some LLCs in the state of Michigan where I keep my rentals. I am looking to form a holding company where my current LLCs will be under. Does anyone have experience with this? Could you share wher...
Daniel Clem
My first purchase.
I am currently looking at my first purchase prospect, though still keeping options open to others. It is a 4 unit in a small town. So low crime rate. Viewed it Wednesday, it seems pretty much ready to rent, other...
Noah Kellar
Multi family Property Analysis (Please help!)
Greetings!
I would love to hear some general & personal advice on analyzing a multi family property. Specifically, in this case, a quadplex. I have been doing my research through readings & the BP podcast. ...
Kyle Galloway
70% Rule-Please explain?
I understand the math to the 70% rule in house flipping. (Conservative Market value after repairs X.70 - repairs). What I don't understand is where this 30% magically disappears to. I know that there will be closing c...