Stephen Mendoza
Assigning a property to an LLC
My business partner and I recently purchased a property in our names. We would like to assign the property to an LLC where we are the only two members. In the bank note, it says if we assign the property without the...
Robert Crossley
Buying land leased to mobiles
Hey everyone, wanted to put some info out on a deal I am closing currently. Feel free to provide any feedback and I apologize if I don't have all the details listed. So I laughed at my agent when he sent me a mobile p...
Charles Richardson
First virtual wholesale deal!
I'm look to do my first virtual wholesale deal! I put a offer on a house with out looking at it! I started my do diligence already. BP Family i need some help. What factors come in to play first! I think I'm on the ...
Trevor Burbank
Condos: Why are they a bad investment & what happens to old ones?
I have some great mentors in my city, but none of them invest in condos. When I have talked to them, they keep it simple and say that they are just bad.I am aware of special assessments, HOA fees, but what are the maj...
Sunny Dutta
Why are you renting?
Over my years of Real Estate experience I've come to know that so many renters have a very big misunderstanding when it comes to renting over purchasing. Let's have some feedback and see where we can get with this.
Christian Lincoln
Tenant Damage...help, please.
2 year lease. Really nice 4 bedroom. New Yorkers who have never lived in the country, now they want their security back after the following:1. Let the oil run out, 13 breaks in the pipes, new pipes, new ceilings. I ma...
Alan Fong
Cost Segregation for a Condo/Townhouse?
I am a newbie investor/landlord and trying to understand the cost segregation aspect of owning. My understanding is this is the last year for 100% bonus depreciation (assume it relates to cost segregation?).1) Is a co...
Amy Summer
Advice for conflicting priorities! Paying for school and a house.
Hello BP world! I am simply seeking advice to help sort out some conflicting priorities. I have been searching for my first home/ potential rental, although this would be a buy and hold property at first. However, I r...
Tony Karns
How to best present seller financing offer
I recently finished a duplex in the dallas area. Going through the BRRR method and have begun looking at a new property. It's right next to mine and it is not on the market. Last year I mentioned to the owner that I w...
William H.
debt to income ratio over 55%
Hello all,
My problem is I am having trouble finding financing because my debt to income ratio is right at 55%. The lenders I have talked to say it needs to be around 45%. How can I get financing? I have the ...