Ray Johnson
My Ask of the BP community in 2019
My goal for 2019 is to get the Bigger Pockets community to change the way we post multifamily successes. Instead of being heavily focused on the number of doors, I’d like to ask the posters to become more focused on a...
Christian Podedworny
Advice on Freddie Mac multi family small balance loan
I want to start out and say i have never acquired a multi family property but I am eager to purchase my first multi family property. At this time I own a mixed use property, duplexes and single family homes. After man...
Jack Sarcia
Can anyone explain to me how I can use private money to close a 1031 exchange deal on a big multi?
Hello,I am selling my 3 unit building for 450k. I cannot get a bank loan. To my understanding (I trust someone will correct me if I am wrong) if I want to buy a bigger multi it needs to have a purchase price of 450k o...
Janine Smith
Keep, Sell, Options
I bought a house almost 30 years ago. Lived in it for 15 years. Started renting it out about 14 years ago. Monthly mortgage pymt is $500. It has a mortgage balance of $1600, and will be paid off in February 2015. ...
Kyle R.
Cash Out Refi Economics Question
Hi BPI know BP is real big on the cash our refinance method and the BRRR method. I have a question when trying to fight out the actual net positive of it, maybe will these numbers it doesn’t make sense hence. Example:...
Ron S.
Hud Home 48 DOM No Price Drops
Hi been watching a hud home im very interested in. I have made offers on it and hud responds next day with usual net to hud amount. They are about 5k higher than I need to get property at the right number. Its been 48...
Luan Nguyen
How to calculate IRR for a condominium project?
I have a project to build a condominium: three buildings in three years (each building A, B, C for each year 1, 2, 3). I have projected revenue, gross profit and net profit for building A in year 1, building B in year...
Lawrence Ferguson
Real Estate Corporation
Hello,
If I were to rent a beach house out for $2500/month with the mortgage being $1500/month, would I funnel the $2500 gross profit through my LLC or the net profit of $1000? Additionally, if I planned to turn arou...
Kyle Spiewak
Health Care Tax on Rental Income
Read this today and thought it was interesting and worth sharing. It is from the Journal of Accountancy. If I am reading it right it is saying that there we will a 3.8% tax on rental income. Please give your feed b...
Mike Cartmell
Wholetailing as a Realtor
I have a deal which is a prime candidate for wholetailing. Comps are around $215k and we have negotiated to purchase for what they owe at $180k. It needs very minimal work and I wouldn't put any money into it. M...