Andrew Chapman
230 Cumberland Lowell, MA
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $285,000
Cash invested: $10,000
230 Cumberland Rd Lowell is a three family. There is a commercial laundroma...
Chalachew Mengistu
Used heloc for down payment. Is the interest tax deductible
Hello BP family,
I have used my heloc, backed by my RESIDENTIAL property, to buy a rental investment property. I'm doing income and expense for this rental property for 2020 taxes. Is the interest paid on the heloc d...
Melinda Miller
In search of a mentor, also the right listing agent.
Hello AllI'm in search of a good and fair mentor. I'd like to expand my holdings. Also in search of an agent that will list an occupied property (63125).Thank you!
Artur A.
Directly Purchasing Apartments from Developers in Mexico: Risks, Recommendations, and
What are the risks and recommendations for purchasing apartments directly from developers in areas like Yucatan (Merida, Cancun) and Cabo San Lucas, Mexico, bypassing agents to cut costs? If I have 5-10 potential clie...
Luis Gomez
Raising private money
what would be the best explained raising private capital book out there?? That actually explains the process and documentation needed??any ideas help thanks
Wesley Weber
Clearing code enforcement lien?
I'm Buying an REO in Pinellas county, FL. The property has a lien on it from county code enforcement from 2012 at $250/day. The bank has supposedly hired an attorney to negotiate and clear the lien but apparently he i...
Rousner E.
Manufactured or possibly modular
I am under contract for a home near Memphis, TN. The listing agent says it is a modular home and it’s stated as such on the disclosure forms. However my home inspector found a metal tag on the side of the home that in...
Steve J.
Maintenance Budget Question
Hello BP!I’m a newbie, I purchased a home warranty for my rental, I got the everything plan! Prior to this, I was allocating 10% for capital expenditures every month, and 5% for regular house maintenance. Given that I...
Phil C.
Trim: White or Wood
What does everyone think about white trim? Is it an easy way to cover up old window trim and scratched doors, or is this just a fad that nobody is going to want in a year? I have alot of old windows that I could eit...
Mike R.
reserves: # months rent or # months expenses or ??
curious how folks set up their reserve accounts? do you use something like certain number of months of gross rent (i.e. 3 months gross rent) or # months of total expenses or based on expected capital expenses or some...