Yacine Rimmo
Including rehab cost in loan when buying
Hey BPers!
I am looking at an off market deal to buy in Easton Pa. A two unit at 120k that I would get vacant. I'd say that it needs $13k of work to hit my goal in renting it. Market value that is probably around 155...
Roy Aharonovich
Transferring property to my LLC to avoid DTI ratio
Hello,
I have a question. I am looking to buy a few investment properties, hold and rent. It looks like my DTI would reach over %50 after the first property since for my personal one I have to pay property tax, HOA f...
Chris Bingham
Renting to a foreign exchange student
I had an HR coordinator from Home Depot contact me a few days ago. They have a foreign exchange guy working for them for a few months. He is looking for a place to live...just got into the state 5 days ago? What type ...
Dan S.
Bank will not waive escrow
I am trying to do a cash out refinance on a triplex that i had purchased in February with cash. Since I purchased under my LLC and preferred to keep it that way i went to my local bank that i do business with and t...
Christian Laines
[Calc Review] Help me analyze this deal
Hello BP,Ive analyzed this deal I've found on the MLS and am kind of curious on why its still on the market? It seems like a good deal to me, but it also seems too good to be true. The price in the report is actual as...
Daniel Saunders
How Do I Raise Capital?
Hi All,I currently have a hardmoney lender that has your typical rates but allows us to only put 10% down. With our current resources we can do about 4 flips at a time. The problem is that we lose other good deals whi...
Demetrius Morros
Getting money out of a C corp and avoiding double taxation
I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
Sally Pearson
Preferred Software for Starting Out?
Hello! I am in the process of working with my mentor (former colleague and wholesaler) and brother-in-law for analyzing properties in Wisconsin and Cincinnati. Manifesting that I will find and close a deal within the ...
Account Closed
Michigan Section8 Fair Market Rent Question
Hello Everyone! I am regularly amazed at the amount of wisdom that is connected with this site. I am a new investor and cannot find the answer to my question. I am meeting with a local housing authority in 2 weeks bu...
Kevin Luttrell
Estimating Capital Expenditures
Hello,
I was wondering if some experienced investors out there could provide some quick tips/advice on estimating CapEx when analyzing potential deals. Obviously this is impossible to perfectly predict and I know it ...