Clive Smith
Heloc for 6 unit apartment
I got an off market 6 unit 1 bed 1 bath in NC, for 150k and getting it renovated for another 150K. Renovation will be done in 2-3 months. Total renovation. Since units were in bad shape no one was ready to finance it ...
Marta Cieslak
Accounting with One Property
Hi All - Can anyone share their method of accounting/bookkeeping at the start of their real estate journey? I'm wondering if I need to purchase Quick Books Pro with only having one property / fourplex or if I can jus...
Arun Kumar
Anyone know/applied for Real Estate Cost segregation
I recently heard about real estate cost segregation. I would like to learn more about that strategy to take advantageous of property depreciation upfront and claim. Can someone share your thoughts on this ? If someone...
Matt Foch
Financing question for duplex in Dallas area
Hello all,
I am new to BP and real estate in general. I was watching one of the podcast on youtube and the owner occupied duplex has me very interested. Since it will be owner occupied for at-least one year would you...
John McAllister
What are limit on a HELOC in a Flood Zone
I have a house I bought and rehabed in a flood zone.I currently have a FEMA flood insurance policy with max coverage of 250K for structure & 100k for belongings. From what I understand this is the most flood insur...
Trenton Mattson
Primary to Rental scenario
Primary residence =$400k loan, appraisal $675k before upgrades, lived in for 3 years.
HELOC utilizing $125k for upgrades.
Mortgage $2200, rental comps $3200-3600.
Best way to proceed with getting into another hom...
Cheryl Alarcon
DSCR Loans in Nevada
Are there any lenders in NV that can do a DSCR loan? I found a few condos in Las Vegas I’d like to see if I can get qualified for. Thanks!
Gurleen B.
How To Take On Seller's Mortgage?
Hi all! An offer we made on a property was accepted and I am wondering how I can convince the seller to let me take on their mortgage (their rate is 4% compared to the current 6%).
Is this a complicated process? Is t...
Account Closed
Using BPO Companies for Notes
When getting pics and BOTG for assets, is anyone using BPO companies or just going through calling realtors in the area to go out and do pics and analysis?
Jarrett Fogelman
Is turbotenant a good site to use for screening tenants?
Hi,I’m managing my own single family home and my current tenant is moving out next month. looking for a good site to use for having background and credit reports ran for future tenants. turbotenant seems like a good o...