Mike Finn
Tax implications of selling a rental property
Hey everyone, new to BP and have lots of questions. Sorry if this question is too broad or basic.I am trying to understand a basic tax scenario. Let’s say you sell a rental property for a 100k profit (just to make it ...
Dave Aheimer
How can I tell if the DSCR is a good rate?
I was recently offered 6.75% (5,5,5,5,5) and 7.25%(5,4,3,2,1) for 75%LTV with a 1PT close on a 700K property I own outright --- Is this a good deal?
Joshua McGowan
Did I overpay on closing costs?
As I'm trying to come up with estimated closing costs to run the numbers on potential deals, I'm trying to turn a more critical eye to the closing costs from buying my personal home last year. It turns out that I pai...
Caleb Reits
Wholesaling Hoarder Houses
Hello all! Just wanted to share some success and how we did one of our biggest deals / biggest checks in wholesaling: What's going on with the home? This home was filled to the brim with trash and belongings. We actua...
Travis L Garris
How soon can you refinance out
Question? I'm looking to purchase a condo or sfh with using either a private lender or hard money. How soon can I refinance on the brrr method to pull the cash out? The property would be in Orlando, FL. I have someone...
Account Closed
Pre-Approval / LLC Confusion
So I just recently formed an LLC and would like to know how much I can borrow. When getting pre-approved, do you have to do it personally or can you go through your LLC? Or should it be done with private/money lenders...
Eliza Sparks
Mountain Town Investment Property
Investment Info:
Single-family residence buy & hold investment.
10 person Airbnb rental in mountain town of Pagosa Springs. Close to Wolf Creek Ski area, and home of Pagosa Hot Springs brings lots of vis...
Tina Encarnacion
Owner Financing need advise
My husband and I are purchasing a new home and the owners are offering to owner finance it for 6 months if we refinance it in 6 months and pay them the balance. How do we go about doing this and what should we do to g...
Vishnupriya Suresh
Rental at Everett vs Redmond
In general, I see the rent in Everett and Redmond different only by approx. few hundred dollars while the house price is almost double. I am wondering who is renting a house for $3500 at Everett when similar house is ...
Account Closed
Big Bank vs Small Banks/Credit Unions
Would it be easier to get a low down payment loan (like an FHA) from a big bank like Chase, who I've been with for about 4 years, or a local bank that I have no relationship with? I've heard in the forums and on the ...