Sangenya Machi
Reasonable CPA fees?
Hi all,Im currently holding a property under an LLC last November. I hired a CPA to do our taxes and bookkeeping. Recently, he sent me an invoice for all his services. It was about $550 for the tax returns, which is q...
William S.
BRRRR after refinance leave minimal to no cash flow
I have been running numbers on potential SFH BRRRR properties. It seems best case scenarios have been that your total out of pocket cost in the end is little to no money for the exchange of time. However, after the re...
Jamil Cole
Refinancing a Hard Money Loan
Hi all. New member here to BP. So I found a deal on a Single Family Residence. Its selling for 120K after estimated closing costs, cash only, in a neighborhood that is valued at lowest price 250k. Needs work roughly 3...
Justin C.
100% owner financing at 0% interest... is it possible??
Hello BP!There are (2) 4-unit buildings right in the middle of where I like to invest that are part of an estate sale. This estate has liquidated several other larger multifamily buildings in places outside of my are...
David Hughes
Help evaluating Mobile Home Park and strategy to increase value
This is the first MHP deal I have analyzed and would like to hear your opinions about it------------104 total sites, 68 owner-occupied, 36 vacant on 3.5 acres -On city water/sewer-Lot rent is $310 and at market rate-A...
William Coet
Why Do Synidcations Exist? Why Don't They Just Use Banks?
Why do syndication sponsors go to all the trouble of working with LPs to incrementally raise funds? Why don't they just develop a relationship with a bank (or banks)? Wouldn't it be easier?
Thank you
Adam Hoak
How should I raise rents on an old tenant?
I have a duplex that I would like to buy. It currently has a vacant side and a rented side. The rented side is for $575 and below market average which is $750. She is elderly (mid 70s) and has lived there for 13 years...
Gordon Olson
What Do Private Lenders Gain?
I just started reading the BRRRR book by David Greene. MIND BLOWN! Up to this point I had only considered the traditional way of borrowing money through a mortgage company.
I am a newbie and am looking to not only p...
David Zheng
Downturn Scares? Preparation?
So theres a ton of talk about being over leveraged, a downturn or correction is coming, etc etc. Well, I'm pretty leveraged. It was the only way to succeed without a 350k/year 9-5. brrr over and over. So correct me if...
Ryan L.
Negative Cash Flow for capital appreciation?
Hello BP community,I am looking to purchase my first rental property in SD, but am finding the prices to be very high in relation to potential rent prices, to the point that I may have to take negative cash flow for p...