John Powers
Buying a multifamily with cash from an LLC
Hi BP,
My partner and I started a service business as a way to generate cash for our first multifamily. We are hoping to house hack next September in the greater Boston area and are trying to figure out which financi...
Sheng Zeng
Need help with HPOZ zoning in LA, CA
Good morningRecently . I found a good deal for student house in LA. The price for this property is 850k, need about 250k renovation. Subject property also with 12 parking on the back. Our projection annual net operati...
Zachary Martin
Does price matter when considering the number of mortgages?
To be more specific with an example, with the "bank rule" of only lending out 4 mortgages per person, if I had $300k cash in the bank and took out a loan on 4 $40k properties, would you be done at that point bank loan...
Bryant Payne
How much is "enough" in terms of Reserves?
Hello BP!
On the subject of LTR, what would you say is a healthy reserve? My search consists of duplex listings at or under $120k, 25% down and no more than $10k in rehab.
What would be considered a safe reserve am...
Francisco Solano
Legal counsel in relation to subject to, land contracts, +
Hi BP community - I am looking into getting involved into non-conventional financing options in the real estate realm. I have found tons of forms in regards to subject to, land contracts, and lease options to name a f...
Kendrique Coats
What are some of your what ifs/worst case scenarios
I am working on finding my first deal (house hack duplex) utilizing an FHA loan. What are some "worst case scenarios" that many first time investors make and miss? Or what is a mistake that you've made that you wish ...
Kenyon Nash
Would You Consider a $5,000 Prehab???
Hello BP'ers,I have a partner that wants me to contract a property needing minor repairs, invest a few thousand dollars (of his money) into making it move-in ready and line up a buyer to close in our place; all for a ...
Crystal Monet
How to create recurring billing for utility costs for tenants
Just started with Avail.co for posting and leasing a few small rentals. However, I have an extra monthly fee for water billing that is not included in the rent total but IS listed as a separate fee in the lease. Avai...
Joe Boggin
how will appraisers look at comps in my area?
highly populated, dense inner city neighborhood might have 40 homes on one street or 100 homes on one square block or 800 homes in a square half of mile! on the block next to me a 3/1 sold for 11k and a 3/1 sold f...
Paul Cordasco
Question on Traditional IRA to Solo 401(k) Rollovers and UBIT Exemption
I have a very specific tax question regarding the UBIT (Unrelated Business Income Tax) exemption in Solo 401(k)s that is normally triggered by UDFI (Unrelated Debt-Financed Income) in IRAs. Does anyone know if tradi...