Benjamin Sussman
Should I sell my property and use proceeds to buy in a better area?
Hey BP Community!I currently have a 5 unit in the Back of the Yards neighborhood that produces $2,000 a month in cash flow. I think I could sell it for about $350k and get net proceeds from the sale of about $148k. I ...
Gene Bor
Can I use security deposit to clean up/restore the yard
Hi all, I have a SFH in King County, Washington not in Seattle. I am not renewing on the tenant who should move out soon. Among the other things the tenant did not do the yard work for at least six month to a year and...
Kevin Rea
Just bought a 40 year old modular that was left alone for 2 years
I just had an offer accepted for a waterfront property on Lake Michigan near Door County in Wisconsin.I couldn't pass up this place knowing that land on Lake Michigan in this area seem to get bought before most even s...
Matt Willis
Income Tax on New York State LLC?
I'm looking at purchasing some sfr or small multi families in the western New York area. Does anyone know the income tax rate an LLC would pay in New York State? Besides being able to write off expenses, and deprecia...
Glenn Mayo
Here's something that just occurred to me....
Let's say you're going to buy an apartment building. It doesn't really matter what size, but just for this example, let's say it's a twenty unit building. The building is fully occupied, and the tenets are all paying ...
Taylor Green
How much should I change my accepted offer for recently unoccupied units?
Hi,
I have had my first offer accepted on a 6 unit (2 tax parcel) "fully leased" property. After my original offer was accepted, the seller informed me that two tenants are moving out in 4 weeks. I wasn't abl...
Sheila S.
How realistic is this short sale scenario (short sale with HELOC)?
I have a meeting with an attorney/real estate agent next week but am looking for some feedback in the meantime...wondering if this scenario could work:
We own a home in AZ...owe about $113000 on the mortgage through ...
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Fee Agreement Contract
Fee Agreement Contract. Could anyone post one for me please. Thanks. Just looking to get paied for my bird dogs. :violin:
Kaylyn T.
Radon test inspection - Anyone know of this and is it necessary?
Hey guys I'm buying a property in mid coast Maine. I currently own a property there which I've had for 15 years, but this time around the inspector is asking if I want to do a Randon air and water test. I had no idea ...
Charles Montgomery
Help me Understand Equity? It seems Arbitrary
I dont really understand equity, especially on the buy/hold strategies. It seems like equity is subjective and speculative.For example, reading some of the BRRR threads. People talk about Cash out refinancing for 70-8...