Hello!We are working with a credit union on a loan for a commercial property acquisition. The loan is full recourse. In the past, we've just listed ourselves as individuals (or maybe our trust, I forget) as the guaran...
Hey BP, At the time of writing this post I have found a 12 unit with a lot of upside potential in a strong rental market. I have the down payment, not a problem, my biggest issue is trying to find a lender for a fi...
New investor here!We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?I'm also wondering what the advantages are of classifying one as a...
I have a friend who is currently looking for an internship with any large construction or engineering firm in the Atlanta, GA area. He is currently a civil engineering junior at Georgia Tech and looking for opportunit...
I recently became very interested in Real Estate. I bought a house from someone that I now realize is probably a flipper, I fixed it a bit more, lived in it for a couple of years and sold it for a good profit. With th...
Hello BP Nation!
My name is Sean Thompson. I am a new investor living in beautiful Boise Idaho with my wife, dog, and in 6 months our first kiddo! We finished our first investment property in May 2020 by converting o...
I have two identical, adjacent duplexes and am wanting to do a cash out refinance on one of them once I'm done with rehab. I don't know that there's enough equity in the other at the moment to be worthwhile. I'm consi...
I am looking for recommendations for a local CPA and/or tax strategist. Any referrals will be looked into. Thank you all.
I own a single family ranch house in Massachusetts, just north of Boston. We had a fire/landlord policy with Norfolk and Dedham insurance, however after my last tenant and last property manager allowed my property to ...
I have been struggling to find someone to refinance a fully tented industrial building of mine. I was originally looking for a 75% loan to value. For a reasonable interest rate, knowing today’s markets. I’ve been told...