Stephen Torti
Income Approach vs Comps Approach Appraisal
Hi All, got the Clear to Close on my first multi! So, question about the appraisal, I bought the property for $170k and the comp appraisal came back at $174k but the income approach came to $184k and that's before I ...
Glen Wiley
mange yourself or use a PM
I see a lot of talk about the importance of hiring a property manager (PM) rather than self managing. For 20 years I have managed my own properties so I wanted to offer some thoughts on the advantages of self managing...
Katherine Robbins
Having a Trust run an LLC
Hi all,I've heard that it's smart in an asset protection way if you setup a Revocable Living Trust to run your LLC if your LLC is a real estate investing company (i.e we flip houses). I don't know much about this conc...
Brett Merrell
FLORIDA! What is driving these 3 Florida markets?
I am seeing a lot of construction of investment properties (Duplex, Fourplex, Single Family Rentals) going on in a handful of Florida locations. I do not know Florida very well. Can you tell me what is driving this...
Account Closed
College Town Investing
I am interested in hearing opinions on investing in a college town these days.
For those of you that have rentals in college towns:
1. What sort of impacts has COVID made to your business (good or bad)
2. What pit...
John Kim
Should I keep a $500k condo on $2200 Rent because of Interest Rates
Hey BP, New to this forum and thankful to be a part of the community. I have a 2bd/2bath condo in DC that I purchased with my family back in 2019. The condo at the time was around $500k and we put down a large downpay...
Kristine Eickman
If you deny borrower...
This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a...
Lane Kawaoka
Cashing out 401k loan
Has anyone cashed out their 401k? You would have to pay a 10% penalty plus you pay federal/state taxes. Any comments is it too risky or risky not to do it?
Matt Jones
How many days can I expect a beach condo to stay rented?
I am trying to calculate potential returns on a short term investment property, specifically a Pensacola Beach rental. I’ve nailed down rates per season but I’m not sure how to figure occupancy. For those of you tha...
Alexandra King
Wholesaling and The Earnest Money Deposit
When putting a property under contract with an Earnest Monday Deposit, is it possible to lose the Earnest Monday Deposit? How do ensure we get it back if we do not find an end buyer?