Could someone explain to me the ramifications of getting/giving a loan in the name of the LLC vs. as an individual/couple. Both from the standpoint of the borrower and the lender. TIA
I have a situation where a tenant is backing out of the lease due to health related issues. They had signed a lease and as they was moving in, found out the home just isn't right for them. I have since then found a ne...
Hi,I have given my tenants the EPA Lead Paint Pamphlet and have had them sign the Lead Paint Disclosures previously. My question is when renewing a term lease for the same tenant, is it necessary to give them another ...
I'm assuming a mortgage which will enable me to actually cashflow in today's market, which is what peaked my interest in the deal to begin with. Here's the deal;Sales price: $407,500Mortgage I'm assuming: $340,000Inte...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $132,000
Cash invested: $37,000
This is a 3 unit property with rents coming in at $2,325 and a mortgage paym...
Hello, is there a golden ratio to the amount of Seed Capital that's wise to spend on different parts of the process? How much should, for example, go toward materials, compared to labour, etc.? Is there a ratio that w...
Hi BP Community,I collect paintings. Paid ~3.5k of paintings last year. If I put them in my STR, can I write them off on my Schedule C?
BP Community,I am getting proposals for laundry service at a 56 unit property that I am soon to close on. The current machines are coin operated and are more than a decade old. I am being asked if I would like to get ...
I’ve been using the solid ones that screw into the baseboard but I’ve even had those go missing in the course of a year and ended up with the resulting door knob hole in the sheet rock.
Are the ones that attach to t...
I am thinking of making an all-cash offer to purchase a SFR with existing fire damage in the kitchen at a price well below market value The property is in otherwise solid condition and in a great neighborhood. I plan ...