This is the breakdown of the deal:1. I own a 4-plex (2-1 story duplexes side by side) with a-lot of equity.2. Get a Heloc on my property for a deposit to get construction financing3. Apply for a construction loan to b...
Hi, I have an LLC that holds the real estate and the other LLC is handling the management (getting rents, sending payments, etc.). As I was preparing my taxes, my tax professional advised me that management LLC is red...
Hey BP Community,I'm trying to figure out how much cash I'll need to raise in order to obtain a commercial loan and be able to close on a light value add property. He is roughly what I've come up with but would like ...
Hi, I’m a wholesaler and just wondering if there’s a way creative way to structure this deal.Details:So I have a seller who has been in preforeclosure twice in the last two years. He owes $163K -PITI (FHA) the neighbo...
Hello everyone! My name is Andrew, I'm 28 and from the Pittsburgh, PA area. I'm new to the world of real estate investing, and just recently became intrigued after starting to listen to the BiggerPockets podcast. I've...
Tenant was supposed to move out by the end of June by failed to do so until today (July 1st), giving us a really hard time. She claimed she didn't know the date! Please share your thought.
We own a farm property (5 acre rose farm) with an existing AirB&B cottage in Sonoma County CA. The property also earns rental income from hosting weddings and other events. We have a beautiful 3,300 sq ft Carriage...
I'm pretty well versed with the 203k loan and the intricacies of how tedious the process can be. However, I couldn't help but asking:
"Has anyone ever used the 203k loan to add a unit(s) to an existing structure?"
A...
First time landlord/self-property manager here, what are my responsibilities when it comes to hiring contractors and giving/ asking for 1099s? Do i give them or does the contractor give it to me? Is it only for work o...
I am interested in a condo in a high-rise on the beach. There are three units for sale, one on the eighth floor, one on the fourth floor and one on the first floor. The one on the eighth floor and the one on the four...