Shayla Collins
Need advice on new construction vs flipping
I’ve done two rehabs and am considering doing a new construction single family home in the spring. My rehabs were both pretty touch. One should’ve been a tear down as we had to rebuild the foundation and replace most ...
Brandon Sturgill
Understanding Cash-Out Re-Fi
I posted this under another topic as well, so if you have already read, my apologies.Can you please confirm my understanding of this strategy is accurate...so, I buy a cash flow property in the following manner:Purcha...
Matt Larson
Retroactive Depreciation question
I have been renting out 60 percent of my house for the last 5 years. I used 60 percent for all depreciation regarding taxes. I moved to a new state and I now rent out 100 percent of my house. I'm wondering how to ca...
Christian Harris
Agent Refusing to Apply Credits to Purchase Price
All parties have agreed to this deal -- paperwork is signed. Seller is crediting buyer a larger amount than the buyer's closing cost. So the rest goes to lower the purchase price, right? Nope. Seller's agent is refusi...
Tara Harris
Landlord Risks with Rental Arbitrage
I closed on a Townhouse in San Antonio and was contacted by a realtor who managed STRs (100+) and disclosed that's what he intended to use my property for. We discussed the STR option but were turned away by it due to...
Mike Henkel
New 60 unit construction approved by city and bank!
Just received word that my 60 unit apartment complex construction is approved! Have been meeting with the city planning commission since about December. City approved it a few weeks back and my bank approved loans TOD...
Account Closed
Is this a deal worth doing with Hardmoney
I don't usually use hard money so I don't know how much meat needs to be on the bones for a deal to make sense. I found a deal for 50 grand with a very conservative ARV of 95. I sold one down the street a couple of...
Dave Charron
Insurance on $1M multifamily?
Just wanted to see what others are seeing for insurance rates? I have a 13 unit under contract for just under $1M and my agent is quoting me $4700/yr with $2500 deductible. Property is in Upstate NY
John Public
Converting electric metering an apt from mastered to direct
Do you know how much it costs to convert an apartment building from mastered metering to direct metering for the electric meters? And who could do this, the local power company? Is their anyone else who could do it ...
Aaron Bry
Keep or Sell SFR in California?
Hi guys. I purchased a 3 bed, 2 bath SFR in Sacramento, California (Elk Grove area) in March of 2016. I joined BP a few months back and have been learning a lot and lately have been questioning my decision to buy this...