Brian Scott
Cost Segregation on a Personal to Rental Conversion
The tax publications say when converting a personal home to a rental, the basis is the lesser of the FMV or adjusted basis. 1. Is there any rule saying one couldn't do a cost segregation when converting, to bonus depr...
Mike Schorah
What are good financing terms for a cash out refinance?
My local credit union offers up to 75% LTV. They have 10, 15, 20, and 30 year loans. Anything above 10 years has a 12-year balloon payment. I can always refinance it. The rate is exactly 1% higher than what the rate i...
Ryan Beinner
Mortgage Rates (5%+)
Hi BP Community,I am looking to invest in a SFH (TurnKey) and my timeline to purchase is November/December of 2022. With the fed increasing mortgage rates to near 5%, and assuming a .5% uptick each fed meeting until t...
Kwame Essieh
LTV options for a 3-unit Investment Property
I'm looking at doing a cash-out refinance on a conventionally mortgaged triplex that I don't live in. When I did my initial research online it looked like I could get up to 75% LTV for this, however after talking to a...
Molly Ronan
Help analyzing knob & tube
If you don't want to read the whole post - I would love to hear your experiences with knob & tube wiring. Hi everyone, I need your advice on a 3-family I have under contract. $313k offer, was listed for $295k - my...
Dan Aharon
Second Mortgage / HELOC in Palm Springs, CA
Hi folks!I recently bought a property in Palm Springs that is meant for Short-Term Rental. The house is currently valued at ~$1.5M but we plan to spend ~$500k on renovation and expect it's value to go up to $2-2.5M af...
Connor Murphy
Inheriting unwanted tenants
Hey BP,I’m trying to house hack in a very competitive market where multis at a reasonable price in safe areas are few and far between.I am moving to said area in late July and will be there for 4 years. I have signed ...
Harold Curtis
CAP Rates for cities or areas
How can I find the CAP rates in a city, town or MSA to calculate value for Commercial Real Estate - Multi-Family?
Market is changing rapidly - again!
Victor Ruisenuso
Using tuition for first time rental purchase
I am a L1 law student in Minneapolis and I took out a bunch of loans this year thinking I would quit my job while I’m in law school (stupid financial decision, I know). After further analysis, I decided to adjust my h...
Rawn Wilson
To sell or not to sell rental in surging market
Wow, the market in Houston, TX is crazy! I have a house I completely renovated as a BRRRR in 2018. ARV was 130K, and I was able to refinance and take out close to 15K more than what I had in it. Pretty successful d...