Jacopo Iasiello
Quitclaim Deed? or Promissory note ? or both
Thanks in Advance To ensure that my debt is paid by the person I lend the money to buy a house is super guaranteed which is the best and or both
Quitclaim Deed? or Promissory note ?
Darian Richardson
Refinancing While Self Employed / Assist Based Lending
Hey BP,
I am in the early stages of preparing/planning for my 3rd property to purchase in Q1 in 2022. I plan to cash out Re-Fi my duplex; currently, I owe 159k with an estimated appraisal amount of 290k. I plan to u...
Bobby Smith
Buying an Apartment Building
Hello everyone.. When your purchasing an apartment building. What is the percentage amount that banks like to see , as your down payment ? Also can you have that down payment financed ? What banks should you approach ...
Manvel A.
How to collect rent from ex-tenant?
Hey BP, I just wanted to pick a few brains to see what's the best approach to recovering rent from an ex-tenant. The tenant broke their lease and left 3 months early and has not paid. Has anyone had any luck or is it...
Andrew Fusco
Possible Business loan
Hello all, I am trying to avoid refinancing a rental property because my interest rate on it is 3.2%. I just discovered a business loan through fund&grow that offers a zero percent interest rate for 12-16 months. ...
Anthony Power
What would you do if you were 20 with some cash in REI?
My names Anthony, and I have got into wholesaling as a way to create extra income and just build up some capital to turn around and re-invest. I have about 20k-25k saved up right now, but my DTI ratio is all out of wa...
Jeff D.
section 179/writing off apartment turns all at once
Ok i'll try and be concise, and apologies if this has been answered already. Doing 2018 taxes (yeah i know, late). I had a multifamily remodel project happening in 2018. 2 units rented throughout construction, the r...
Andrew Yu
Expensing vs Capitalizing
I have questions on whether I should expensing or capitalizing my costs on remodeling a property. I feel expensing is always a better option, since it deducts the overall taxable income to the most amount immediately....
Aaron Smith
Utilities
Hey BP gang,I'm looking at a 15 unit property in Detroit. The price is decent, as is the rent. However, the landlord pays for everything but electricity. So last year, the utilities came to $17k!!!! Which of course, k...
Michael Pasztor
Laundry Service providers
Hello Everyone. I am a rookie property manager who is in the process of evaluating the current 'financial health' of all the properties I manage. We outsource our laundry services and receive a check for our share o...