Daniel Gonzalez
Closing on my first deal and I have a couple questions.
Hi All,I will be closing on my first deal in the coming weeks. I'm closing on a duplex in NJ which I intend to househack. From everything I've read and heard, having the proper systems set up when first starting out i...
Tina Jenkins
How should I structure a loan for a rental property under my LLC?
I am a little confused about an issue. My lawyer told me to put my assets under the LLC and Tax ID number how do I do this if I get a traditional mortgage loan to finance a rental property in my name and social? I am...
Scott Nelson
Include Management Fee in CAP rate?
I am looking at a 10-unit building in a less than ideal neighborhood. The actual expenses do not include a property management fee. Should I adjust the CAP to reflect that In my due dIlIgence or is it normal for these...
Andrew Meier
New, motivated, and ready to Act - Andrew Meier New Jersey
Hello all,Its this guy with a forum post to enrich you with my introduction. I am a 25 year old IT professional. I currently hold the title of Sr. Network Engineer | Project manager. I started my IT career as an overn...
Jim Iren
Property Management fails to pay owner.
LLC Property Management has failed to pay rental proceeds to owner. PM now will not awnser phone calls or return emails. Through research the PM looks to have or is failing. I understand it’s difficult to sue an LLC, ...
Vlad Denisov
Utility Income&Miscellaneous Income
Let's say we have our Gross Potential Rent and we add to it Utilities and Misc. Then we have to exclude Physical Vacancy and Economic Vacancy to get to our Gross Operating Income, right? 1. What info do you use for Ut...
Jermaine White
Estimating ARV
Hello Fellow BPer's,Long story short I found what could be a fantastic investment, a 32 unit multi-family apartment complex. Right now I'm trying to do my best with estimating ARV , so I wanted to know if their is an ...
Mike Hanneman
How to approach???
I found a 6 unit that "supposedly" gross 40K. So I ask for the income and expense statements, not sure what they are called in the real world, and the agent says that owner managed the property himself for the last 10...
Cal Ewing
Preventing Contractors from stealing from you
Hi Rehabbers and Builders.We recently had a plumber who disappeared into thin air along with the $1000 installment we had paid him. This was a fellow who was chosen by our GC to do the work. We paid him the first inst...
Andrew Jackson
Using Other Peoples Money
Good morning BP,
I have a very specific question for some of you more experienced investors. To begin I have a few deals under my belt now, I began investing last year right around the time corona virus was hitting...