Ki Lee
Refi and LLC for BRRRR?
When using BRRRR, if I acquire the property using LLC, I’d have trouble refinancing... I’d imagine that we’d have to get the property under personal name and then refinance. From acquiring the property to rehabbing ...
Kristopher Werner
Should I rent a home?
I’m just getting started in REI. Before I realized this is what I wanted to do, my wife and I lived in a condo that we rented. To save some money for our first investment, a multifamily we’d house hack, we decided to ...
Bret Habura
Who Runs the Initial Numbers
Hi All,
Curious about your process when working with an agent. Does your agent typically run preliminary numbers for you and determine if a property is/could be a good deal and send it to you or do they send you many...
Account Closed
ARV Confusion
I'm having a little difficulty estimating the ARV on a short sale. I have 2 recently sold comps for the subject property. Here's the breakdown:
Comp 1:
Sold Price:$189,900
DOM:61
Square Footage: 2067
Year Built: 1961...
Maryann L.
Need Ideas.
I had an open house last week after I did a $100 price reduction on my rent. I had 7 people show up. Three that I really liked and 6 took applications. I pre-screened one applicant already.
Out of the three I liked...
Noel Dixon
Dealing with non paying tenant
How do u deal with a deadbeat tenant who's using covid-19 as a cover. Tried talking with him and the money is always coming. Got a property manager company who is doing the eviction they spoke with him suppose to be o...
Eldred Anderson
Contractor for a wholesaler
Hi BPers,
I am a newbie at REI. I understand wholesaling and there are things I am curious about. I always hear about ARV and repair costs and the 70% formula. I have to say, I do not want to play the guessing game...
Kyle Kline
First investment property in the books!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $368,000
This is the first investment property that I just closed today! It is a 5 unit apartment complex compris...
Leslie Johnson
Tree fell on tenant’s car but we want to help
This is so ironic: yesterday I scheduled a guy to come cut down two big elms on the property and today a tree branch fell on the tenants car. This branch came from a giant maple which, has proved itself to be rotting....
Brian Powers
Snohomish County, WA Investor looking for advice
Hey everyone!This is the first time I have made a post of my own, but I feel like I'm at a bit of a dead end. I started a construction company last October and work as a subcontractor for a general about 45 minutes no...