Jim Hamrick
discounting land with lots of issues
What kind of discount would one apply to land which has only a prescriptive easement, won't perc, half wetlands, has a derelict house and has city water but no sewer. I know :>) but it does have some good land for...
Michael Gilman
Six Reasons Why the Latest Stimulus Benefits Tenants
COVID-19 continues to hit the U.S. hard. There has been a lot of discussion as to what kind of impact, if any, the latest stimulus bill will have on tenants who are struggling to pay rent month-to-month.
We belie...
Austin Faux
Help w/First Rent to Own Purchase
So I'm about to setup my first sandwich lease option and I'm reading through the paperwork that the seller/optionor/lessor will sign and I was wondering if you could help me read the legaleze. There's a few clauses t...
Michael Swope
401K and IRA or save all for real estate investing?
I was wondering if i could get everyone's thoughts on not investing into my 401k and Roth IRA anymore. I currently utilize my companies matching of 6% and put 250 a month into my Roth IRA. Been really hands off of my ...
Paul Flynn
Belvidere IL Rental. HELP NEED ADVICE
520 Church St, Belvidere $65,000 | S bd • null See details at https://b1iw.app.link/VtuBNC0WBUHere is the link. I am a first time rental buyer looking to get started in the business.... the property looks tempting but...
Chad Yonkin
Analysis BRRR or flip?
BP people, I've closed on this property and am finishing up on the rehab. I'm conflicted on whether to flip and cash out of this property or BRRRR it. I feel like both ways are strong numbers and it comes down to my ...
Adam Blachnio
Tax Assessed Value in negotiations
Hi👋 I am trying to use Tax Assessed Value in negotiation with 3-4units owners due to fact those properties seems to be overpriced by sellers. I do realize that TAV is less than Fair Market Value, but if the owner has ...
Alonzo Garza
Rental Property (Asset Protection)
Hello fellow BP community,Is it fine if I obtain a rental property under my own name and then at a later date shelter that under an LLC or INC. structure?Or is it better to get it under the LLC or INC. from the very b...
Nichole Sanchez
How do I get a lender?
Hello! I’m looking for some advice on creative financing.Last year I purchased a mobile home with the intention to renovate and rent but unfortunately my work hours got cut and I ended having to sell the property for ...
Lisa King
[Calc Review] Help me analyze this deal
Hi Friends-Talked to this owner who just wants to cash out and retire. He owns this investment rental property outright. I tried a basic all-cash evaluation with his existing renter income. He did list for $777,500, b...