Jocelyn Canfield
Coming to terms w/ seller on 5-unit w/ signif. negative cash flow
I am looking at a property I REALLY want...but at their asking price, we are at significantly negative monthly cash flow (-$2500). This is assuming me dedicating $ to capex, R&M, Prop Mgmt. I'd like to live in one...
Matthew Gould
Tax Lien Targeting Gone Wrong
I targeted several sewer liens in my area of choice thinking I would receive the interest on them quickly. Three months later, a couple of them now have owed taxes (on top of the sewer subs) that, as the lien holder, ...
Bryan Hancock
Taxation For Insurance Claims Kept Instead Of Used To Repair Property
So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
Kyle Meyers
Move In Specials
Does anyone do move in specials for their rental units? I have been considering doing something like $100 off the first month's rent or maybe a lower rent for the first 3 months of a 12 month lease. Have you had succe...
Nick Wilson
Refi on a BRRRR to include repair costs?
Hello BP!I'm a new investor and currently looking for a property to BRRRR. I plan on using the HELOC on my current home to purchase the home outright, then refinance with a conventional loan after repairs are complet...
Jose Garcia
FIRST BRRRR has me a bit confused someone please help ?! thanks !
so I'm trying to acquire my first brrrr deal and when I plug the numbers into the brrrr calculator it shows a negative cashflow on the refinance part and only a 6% ROI during the first loan.(hard money loan) im not su...
Rick Abelson
Value-Based Land Planning
A few years back, I was involved with helping a land owner master plan a 30-acre parcel in Las Vegas just off the Strip, near the MGM Grand Hotel. The parcel was zoned for casino uses and also had potential for hote...
Trevor Brunckhorst
Success is Good; Failure Better?
I really enjoy reading the successes of fellow BP'ers. As a 24 year old with a passion for EVERYTHING real estate, the success stories are just verification that it's never too early to start in the real estate game....
Gabby McNabb
How to fund my rehab project
So im currently in the market to purchase my first rental property. Initially I planned to purchase a multifamily home through FHA 203K to rehab home and build equity in home while providing low downpayment of 3.5%Now...
Dennis Small
The vacant home next door....
Hello everyone! Brand new to the forum but I've been lurking for a bit. I absolutely love it here!
I hope you guys and gals can help me. My house next door has been vacant for 3 years coming up in June. There is ...