I am partnering with a good friend to flip houses in Texas. He has about 10 years of construction knowledge and I will be fronting capital and figuring out logistics of everything. We will both be hands on in the reno...

A relative is planning to sell house in Louisville. What percentage can they expect to pay for commission? Any other fees that are common for seller to pay? If they sell house for 240K what should they walk away with?

Hi, I know the rule is if a person inherits a property there is a stepped up basis for capital gains purposes. Does the same rule apply to depreciation? The property in question is purely a rental and would stay that ...

Hi there, I have a question about the first SFH I bought last year and I hope someone can help me out. The home is located in Fort Smith, AR and is a 3/1. I purchased the home October 31, 2018 and financed it for 15 y...

Hello BP,So I was doing some research for a client of mine I am doing some loans for.  I know a decent amount about most programs but learned something new today that could be helpful to others looking to employ the B...

After reading the book "Raising private capital...." by Matt Faircloth I was doing a simple calculation to see how much return would investor get back. This is considering a 2 million dollar property, 25% down payment...

I have found a property that has an ARV of around $200k. Purchase price of $80k and about $40k in rehab. I am looking to use a hard money lender who will allow up to 75% ARV and 100% of the repairs. I am curious how t...

I have corporate sales experience and my managing brokers license- with many transactions on both the buy/sell side. My friend and neighbor has experience with STR (Duplex @ ~98% occupancy) and LTR (SFR @ ~95% occupan...

I have 3 properties, just finished remodeling and ready to move into BRRRR. It seems very hard to pick the right lender for my cash out refinance. How do you do it? LTV, points, and interest I understand, but there ha...

Hello BP,I have a question, is there any difference or benefit in making an extra mortgage payment monthly ($1,000) or just paying a large payment equivalent to 12 months ($12,000) at the end of the year? These are pa...