Ryan Coovert
Lumber Price Dropping?
According to this Wall Street Journal article, lumber prices are finally dropping. Is this the beginning of a crash or are we going back to ”normal”? I would like to here your opinions. https://www.wsj.com/articles/lu...
Jim Macedon
How Much Debt is Too Much... Or Not Enough?
I'm pondering my next move. I just took on a lot of debt. On the other hand, I have some equity I could access. Not sure whether to:A. Reduce debt.B. Stand pat on debt and wait to build up another down payment.C. A...
Joshua Watts
Home run with Self Storage Facility purchase!
Investment Info:
Other buy & hold investment.
Purchase price: $3,000,000
Cash invested: $34,000
Bought 300 unit self storage facility for 3 million. Down payment was $34,000 and equity from anoth...
Syl Rey
Conventional loan on a duplex that needs new roof is needed
Hi everyone, I currently have an offer accepted on a duplex. After a home inspection, I found that one of the roofs needs to be repaired in the next year or so. I’m told the bank won’t finance if the roof needs to be...
Scott Vaeth
Figuring out my investment strategy...
Hi All! I've been learning a lot through bigger pockets over the few years and finally decided I needed to get on board and diversify more investments. Initially, my goal was to BRRRR a property in the Greenville Coun...
Patrick Godfrey
Will Adding ADU’s in Los Angeles Turn my Triplex into Commercial?
Hey Y’all! I just closed on my first househack deal! It’s a triplex in LA. I’ve got a 600 sqft garage that I may expand to make 2 studio ADUs. My concern is that doing so will result in a breach of my loan with the ba...
Account Closed
Valuation for special purpose real property (e.g. Church)
Hello! I have seen many different ways to do a market valuation for special purpose buildings, such as churches or schools. Can anyone guide me as to:1) the best way to properly value a special purpose property2) fact...
Paul Falbo
Buying a SFR. Rent or flip?
Hey BP Gurus:
First off, I've enjoyed BP immensely.
I have a deal that I'd appreciate some feedback on.
I have a SFR in my neighborhood where the sellers have accepted a purchase contract. The deal points are as ...
Craig Steltz
HELOC - LLC question
All,
If I take out a HELOC under an LLC. Meaning the LLC would own the HELOC. How would one deduct interest on their taxes? this wouuld be a single member LLC. Can I just use the EIN on my own personal tax return ...
Jose Alonso
CASH OUT REFINANCE STRADEGY
Hey guys do any of you have experience doing a cash out refinance. Can you please tell me what to expect and how was your experience. I plan to do a cash out refinance sometime this year maybe around April, and plan t...