Joe Capobianco
20% down on buying price or appraised price
i received two different answers from two different people on the same question about the down payment of the home. the situation is the house im buying was appraised for $207k. on the market for $200k and we agreed o...
Cameron C.
Help me with my accountant search
Hey BP,I moved to Pittsburgh some 2.5 years ago and since have done my taxes through our family accountant (lives in Philadelphia) the past few years.I'm looking for your help for recommendations for good accountant (...
Brian Volland
How Much Do You Keep In Each Pot?
As I start to build my road map for my first multi-family, I've of course been analyzing with CapEx, PM, Repair, and Vacancy. The question is, how much do you cap these reserve "pots" off at? Here is what we've come u...
Julie J.
financing and buying
Hello everyone A newbie, trying to buy $450-550K home. Would you mind shedding light on my situation?$84k down payment credit score 790+90k-100k/yr income$400k equity in investment propertyTo buy 450-500K home1)Shoul...
Curt Lawrence
Good idea to use heloc to put down payment on cash flowing units?
Would it be a good idea to use heloc on personal home to put down payment on cash flowing mix use building? Has 5 rental units plus store front in downtown building. Price makes sense just not sure how to get that mon...
Frank La Pira
How to finance a deal?
Hi folks,My agent recently found 2 off-market properties, that owner is selling for 23% below the market value in a hot area. The total value of the properties is 440,000 and they are selling for 330,000. They both...
Todd Kelly
Long Term Buy and Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $28,000
Cash invested: $38,000
My brother and I purchased this property for $28k in 1985 directly...
Sam Nadar
BRRRR Houston Texas, the good and the bad
Do you have a good success story doing BRRRR in Houston? Do you have a bad story doing BRRRR in Houston?
Sarah S.
Need Some Creative Options
I have a Homeowner desperate to get out of his house and I am trying to figure out if there is anything that can be done.
SCENARIO
1. Home faced foreclosure but owner got reinstated.
2. VA Home Loan
Mortgage balance ...
Ryan Dusel
Tenant Not Setting Up Utilities
I work for a property management company with about ~350 residential and commercial units in Norfolk, NE. We have a select few tenants who refuse to set up the utilities in their name, but have been reimbursing us for...