April Mulroy
Low credit score and bank lenders
Hello!I am new here and already loving the collaboration. I recently applied for an investment property and it was declined from lenders because of low credit score. rocket mortgage was asking for above 680. Any advic...
Eric Honas
Don't know where to start!
Hello everyone!My wife and I are eager to buy our first rental property but we just don't know where to start. I have read a couple of the BP books and working through a few more. We have 160k of equity in the house w...
Eric Michiels
Your Airbnb experience in Orlando
A friend of mine and I want to buy two condos in Orlando for Airbnb. He has experience with short term rentals and says we can get over $5k a month per 3 bed /2 bath condo (minus the loans and other expenses). Is that...
Julio Gonzalez
Why Small Business Owners Need to Adopt a “Tax First” Mindset
The tax code can seem daunting, and navigating it is a scary undertaking for small business owners and entrepreneurs across the country. As we know from firsthand experience, many small business owners pour their bloo...
Richard Mollel
Xome.com auction site a scam?
I recently was aiding my client in bidding for a property on xome.com auction site. The bidding was set at $5K increments. Our maximum offer was $194K, and "another bidder" took it to $199K (5K increments) and "yet an...
Angelina A.
New Construction in Surprise, Az
Hi All,
I’m a SF Bay Area newbie investor seeking my first rental property in Phoenix. I’ve been priced out of the SE Valley, which was my first choice and now looking at the new builds in Surprise. My concern abo...
Carlos Bello
Is Forcing Depreciation a thing?
So I was recently on the hunt for a new CPA, one that focused on Real Estate strategies. One interesting strategy he mentioned that really stuck out to me was "forcing depreciation". He didn't elaborate too much on th...
Brian Orr
Calculating NOI question
Hey all, I'm curious to know how this gets represented, maybe you can help? Here's the example of a small 10 unit syndicated deal, which is currently self-managed...
Current OpEx water, sanitation, maintenance, taxes...
Steve Bell
Need a clear to close
Hi BP community,Just need a little reassurance. Trying to close on 2nd STR tomorrow. Have not yet received a clear to close from my lender. Going the conventional loan route.We are getting a little hung up because the...
Angela W.
Purchasing Land and Building Utility Line
I'm thinking of purchasing land from the outskirts of large cities than building out the utility lines so they're ready for purchase. The issue is how long I'll be sitting on them since the economy is slowly going dow...