David Wilmer
Getting started with first STR
Hi! Recently joined BP and this is my first post... Looking to get into the STR business with a main goal to maximize cash flow and hopefully grow a little over the next few years. I have a couple of initial question...
Kimberly Rice
New investor- Need advice on bank owned property
Hello all, so here is the deal;
Bank owned property listed at 153k
After seeing, I offered 155k plus closing (7k) which brought my offer to 162,500k. Still not too bad but possibly too high for bank owned.
I elec...
Zhi Li
OOS investors, does your rental income get double taxed?
Hi all,I am a newbie investor living in CA and I am just about to close my first rental purchase in IL. But, my CPA told me that since I live in CA and the rent is coming from IL, the rental income will be double taxe...
Leroy Wallace Jr
Refi and payoff student loans?
So. I am finishing up my first BRRRR deal. The numbers on the refi seem to be working out, almost to the dollar, for what I owe in student loans. I pay $817/mo for my student loans. My question is should I pay off ...
Avi Garg
Partnerships, BRRR, cash out and economy
So I have been thinking about this a lot for the last few days. In a partneship, if one person is a money guy and the other is the rehab guy with a split for 80/20 or 60/40 (take your pick on the numbers). Now after r...
Daniel Kalam
How to Split Utilities in a Triplex
Greetings All,
I own a triplex and this summer I am working on getting it renovated so that it will be profitable and run itself. As of now utilities (electricity, water, gas and sewage) are a flat rate of $100 per u...
James Wang
Looking for advice and Guidance, Becoming a realtor in NYC
Hi all, My name is James and located in New York City. I am currently in the process of getting my realtor license. I am looking to connect with more experienced realtors to figure out what I should expect and what sp...
Miranda Obermiller
Dayton Area RE Experienced CPA?
Calling all Dayton, OH area investors, is anyone willing to share a referral for a great CPA with experience navigating buy and hold and flip investments?Newbie investors here jumping into our first BRRR after househa...
Puneet Sharma
PM asking for 50% of Rent for New Lease and 25% for Lease Renewal
Is it normal for Property Management companies to ask for 50% of first month's rent for a new lease and 25% for every lease renewal. There's no cap to this amount. I have seen this is in two different markets though n...
Wesley L.
Add on flip
This is probably going to fall under the category of need more info. I've rehabbed multiple houses but have never added on. Wondering if my ballparks are even close to making sense.
Listed price: $300k, 2/1 1100 sqft...