Dami Gonzales
Newbie with an idea looking for advice
Hello, new here. I have about $55k in cash/stocks right now. I have a pretty good income, currently living near Phoenix Arizona. Living with roommates to keep my rent cost lower. I have an idea. Would love to hear som...
Sy Pires
Seeking Tax Advice: Renting to Family Under Market Value
My wife and I have owned our Multifamily for over 2 years and currently decided to rent to my Aunt for under market value. I was not a BP member before doing so and I've only recently (2 months) begun educating myself...
Daniel Rozen
How to analyze profit and loss with 20 rooms hotel/resort style STR
Hello BP community,i found a potential buy with dilapidated multi-family property which used to be hotel or resort and zoned for commercial use. Its on the lake and got couple of different size buildings which in tota...
Gabriel Petersen
How do you find the money to buy flips? down payment + interest?
Hi all,I'm a relatively new investor (2 flips so far) and am running into a problem where I don't have enough money to pay the down payment and interest payments on my hard money loans.How does everyone get through th...
Hope Fick
How would a lender value a property generating 32k a month?
So here’s my situation.I recently bought a hotel, and converted it to efficiency apartments. It has a common area, and a courtyard that is still being worked on. The rooms are finished and occupied. There are 43 rooms...
Nick Jensen
Living with tenants and dealing with utilities
So my wife and I came up with this kooky idea to build a cottage in the backyard in which we'd live so we can rent out our main house. The main house is 2br/1ba 970sqft. The cottage is 250sqft.
We're not quit...
Ivan Jenkins
How would a landlord respond to an offer to purchase from a tenant?
I'm currently 18 months (1 year lease, 6 months on month-to-month) into a SF lease. I've never missed/been late on a payment and we've taken very good care of the property as it were my own (probably better than a...
Jason Cobb
Form LLC to purchase through Private Seller
What are the greatest negatives (legal, operational, or financial) of purchasing property into an LLC or S Corp, from a private seller under seller financing?
Situation: Multiple properties owned by Seller. ...
Sean Salandy
Will using HELOC lower my credit score?
I am planning to use my HELOC to purchase a property. The plan is to then refinance the property once the seasoning period is over and then pay off the balance of the HELOC and do the process over again. My question i...
Exo Dallas
2% Rule or (Rent x 50)
I understand this rule and why I must use it. BUT, is there any other criteria that should be consider? Do I ever go down to 1.75% or say (rent x 55) for example? OR is this the 2% the minimal I should ever use.
A...