Josh L.
Allure Vinyl Planks- Still good buy if not on sale or DIY installation?
I've heard a lot about Allure being such a great product for rentals, usually with it being on sale for less than a dollar and/or installing it yourself so you don't have to pay for installation.Before I spend $3.50 a...
Geoffrey O'Brian
Contributing a property to LLC with deveoper triggering a 1099?
Hey all. I'm in California and am contributing my property to an LLC. Single member at first (me), then multi-member. There's a managing member who is the developer. We plan to build on my lot and my neighbor's lot.Th...
Philip L.
Structuring a deal - What are my options?
Yesterday I agreed to purchase a house in Michigan sale price is $110,000
The seller is asking that I pay $40,000 upfront to eliminate the current mortgage then the remainder $70,000 on seller finance for four years ...
Jacob D Adamczak
How To pull comps for a small multifamily
I am looking to house hack a duplex or triplex and was sent a property to evaluate to see if I was interested. It is a duplex in a neighborhood of primarily single family homes. For this reason, it had more bedrooms...
Jan Lee
My long time restaurant tenant wants to buy the building I am renting and asks for owner financing
The tenant is a fairly popular seafood restaurant in town that is family run business and has been a good tenant (always paying rent on time, easy to deal with etc). They have been there for over 15 years. They are in...
Daniel Almodovar
Long Shot
Hey BP Fam,I know this one is a long shot but I wanted to see what the collective wisdom of BP would have to say about this. I reached out to a seller yesterday and spoke with them today. They seem like a really nice...
Tom C
How to structure a deal
I have a friend that wants to get involved on my next deal and I could use his cash. The total purchase cost is 15,5. Rehab and holding cost 4K. So total required funds 20K. After rehab monthly rents will be $600.00 p...
Dave Ruff
Condo Association refuses to purchase Inflation Guard Endorsement
My loan underwriter for a condo unit purchase is requiring either 125% replacement coverage on the building policy or an inflation guard endorsement on the policy. The 3-member board is refusing to add the endorsement...
Danny Woodson
does doing a sub2 reduce closing costs?
if i were to take control of a property doing a sub2 i wouldnt have to pay the first set of closing costs.so if i took control, and then put 15k of work into it and then sold it for a profit would that make sense?
Chris Perez
Forcing appreciation by increasing NOI
6 months ago I purchased my first investment property. I used an fha loan and purchased a 4-plex for $575k. I put $25k+ in renovations into the most neglected of the 4 units and moved into that unit. I’ve already forc...