Account Closed
Alot Of Serious Questions
1) do I make the motivated seller the affidavit or do I do it for him ?2) Wat do I do if cash buyers wanna inspect the motivated seller’s house ? 3) If attending the double closing not necessary then how am I suppose ...
Mel Kline
Hire a property management company on first rental property?
Hi community!We are in the process of closing on a three unit rental that is roughly 45 minutes from our home. Our realtor/good friend owns a property management company along with having numerous properties himself. ...
Christopher B.
Not Sure How I feel about this Multi
Hello all, I want to thank you ahead of time for any input, I think best out loud and this is a good substitute. I recently purchased a package of 4 homes, I planned to sell 2 and keep 2 for rentals. I've sold one, th...
Jacob Sharp
House hacking
My co-worker has almost completely convinced me that the following strategy is the holy grail of building a real estate portfolio over time. My plan is this, buy another house that has good rental potential and move ...
James Mudd
Deal or No Deal....duplex...???
Duplex - 3/2 and 3/2.5
Bldg SqFt: 2,610
LP: $155,000
Rents: $ 950 per side
Cap rate: 12.26% (according to MLS listing)
Gross Multiplier: 6.80
Insurance: $1,000
I will occup...
Jazmine S.
How many workers should an efficient GC crew have?
I assume 2-3 wouldn't cut it (time-wise), should I be looking for around 5 or so? Much more? Much less?
Ben Walhood
Converting small multi-family to central A/C
In my area I find a lot of 6-flats/6-plexes that do not have central air, despite the fact that it is a feature which is highly attractive for prospective tenants.
When I try to search the web, including BP, it seems ...
James Farrel
Pre-Rental Expenses Deductible?
I purchased a property this week and immediately advertised it for rent.
I am showing the unit to a prospective tenant today, but we have not yet discussed a lease date. Have I now met the requirement of making t...
Magesh R.
MF prop evaluation
I am looking at a potential 10-unit MF deal in Columbus, OH. Now, I have read about NOI, CAP rate etc and evaluating the purchase price based on cap-rate. But as I sat down with a spread sheet to plug the numbers in, ...
Matt Mach
Sales Tax exemption on flips?
Ok, I've gotten one flip under my belt. We closed in 2017, I've already talked to a CPA regarding taxes and he suggested I roll the income and expenses into the same tax year. I've been reading quite a bit about how I...