Austin Swanson
Perfect BRRRR - Detailed Investment Analysis
IntroductionOn 1/31/2020, I purchased my first two rental properties. One of which I just sold last week, on 5/27/2021. The following write-up is a detailed analysis on the numbers, from purchase and closing costs...
Wayne V.
Portland, Maine - Munjoy Hill SFR - Fix & Flip or ???????
Hi Folks,We finally closed this deal after a couple of months of hard work, finesse, and tenacity. This one came to us by word of mouth as the property was headed to market but wasn't quite there. We stayed at an Air ...
Shara Surabi
lender that allows the property to be transferred to LLC
Hello Everyone,I am about to enter a joint venture with a partner on a property. The loan will be financed under other parties name, but we will be equal owners of the property. I am looking for a lender that is willi...
Paul Huntley
I Need Help Structuring a Short Sale Offer
I wanted to know the best way to structure an offer to the bank (before the BPO is ordered) for a Short Sale. Here is an example:
1st loan balance: $600,000 (Bank of Amer.)
2nd loan balance: $200,000 (Wells Fargo)
...
Mike Romano
If a buyer doesn't want to move forward because of an open permit
Hello,If a buyer doesn't want to move forward because of an open permit, can they lose their earn deposit? P&S it hasn't been signed yet.Thanks!
Daniel Ehevich
Cashout refi taxation and advice
Hi All,1) Need some advice. Most of the cash out refinance lender require me to move the property from my LLC to my name for the refinance, is that a normal operating procedure or is it a taxation nightmare to move i...
Brandon Sturgill
FHA Lenders Causing Buyers to Become Homeless!!??...
Alright, take the title of this post with a grain of salt, but it's an important topic...maybe a story for context:So we're selling one of our duplexes to a nice young couple that wants to house hack...very commendabl...
Brody Veilleux
Investment Strategy Opinions
I have an exhaustive list for my investment strategy and I’m looking for second opinions. The general plan is to BRRRR a duplex and rent one unit while living in the other. Then using the recoup to fund my primary res...
Tony Schreiner
Do we actually NEED an escrow agent?
Good evening BP, I was writing up the agreement for my future Contract Assignments and came across the possible necessity of an escrow agent. Do we actually need an agent to cover the contract and hold the fees until ...
Moncy Samuel
Analyzing a duplex Property
I am looking to close a duplex, 2 Br, 2 bath on each sides under contract for $88k + closing cost. Currently rent for around $525 / unit and separate utilities. Not sure if the water bill.Is this better to close with ...