Michael Clanton
First joint venture purchase with SD IRA's
Hi fellow BP members! This is my first posted question, so please bear with me!My dad and I recently used our SD Roth IRA's for the first time to purchase an investment property in SC that we plan to flip. The propert...
Dylan Moulton
Bank loan with less than 20% down in Maine.
I am looking to finance my second property and looking to put a down payment of less than 20%. Anyone know of any good banks in southern Maine that lend with less than 20% down? Thanks!
Percy Greyson
Carry Materials expense to sale of home next year?
Okay so been talking to a CPA and they are telling me that I can't take a previous year's expenses and apply them to the year a spec home is built because I run on cash accounting. I want to know what my options are ...
Eduardo Aguilo
RE investor friendly banks
Hello fellow BP members. I live in Houston, Texas and are getting ready to open a new business bank account for my newly formed LLC. Are wondering which banks may be more friendly and convenient to us real estate rent...
Lucas Gunderson
Tax Questions
I've got some tax questions for all of you pros out there. When flipping homes, what is the best way to structure your company so that your tax liability is decreased? I've talked with several people and they have s...
Douglas T.
Debt to income ratio too high
My mortgage broker preapproved me last March for a loan amount of $86,250. Last week, I asked him about a cheaper unit where the loan amount would be $81,750. Since nothing has really changed since my preapproval la...
Lucy Smi
Help me analyze this property
I just found a 3-unit rental one block away from a college in a Class B/C neighborhood. Asking price: $380kRent: unit 1 $1200 tenant occupied , unit 2 $1200 currently empty, unit 3 $800 tenant occupied. Concerns: Unit...
Mike Park
ROI analysis in 38115 SFH property home
I have a 3/2 sfh in 38115, Memphis, TN. It is doing okay at the moment. I am getting ROI of 12.88% at the moment. 1) Any advice on the ideas to improve ROI for the next home purchase?2) Is there any risk going forward...
Zach Bair
Technical Definitions - Crunching Numbers
Hello.
I am new to real estate and wanting to crunch some numbers, but am finding that definitions vary from blog to blog. Please see below and clarify, if possible. Thanks.
A) Net Operating Income = income produce...
Andy M
cash-out investment property financing
Hi I've got a 3-family I purchased for cash 9 months ago for 305k in the Boston area. I put about 80k into the rehab. I'm now trying to finance the property to take as much cash as possible out, but my mortgage broker...