Jordan Feiner
The most basic question about RE income
I'm still new so bear with me, if I'm looking to net $350k from a buy and hold portfolio assuming my doors are netting $200/month does that mean I need roughly 146 doors? that seems like a large portfolio. Am I miss...
Stephen Chittenden
Thoughts on this Potential Deal
Someone has brought me a potential deal. It's a single-family home that has been renovated into 3 units. Gross rent is $2300 per month. Asking price is $150k with owner financing. Proposed deal:$15k down$135k purc...
Chris Sukala
Seller willing to finance
Here is a question if a seller is willing to finance you how does this work? This would just a contract between you and the seller with no bank involved? Therefore not on your credit and debit ratio create issues if y...
Leslie Yates
1031 Exchang with mortgage payoff and no new mortgage
! We are listing our rental duplex for sale and plan to do a 1031 Exchange into a REIT. We still have a small mortgage on the property but obviously won’t have one on the REIT so my question is this: If we wait and l...
Michael Pettit
Financing my first rental units
Hello BP,I'm just getting started. I've got all sorts of BP vids lined up to enhance my knowledge on how to get the financing for continually adding new units, and may get everything I need there, but wanted to also a...
Wanda Alderfer
Subject Two Question
I have an opportunity to help my sister who just received a letter that her house will be going to Sherriff's Sale. We are in PA. My question is: Can the sub 2 method still be used when it has gotten that far? I will ...
Kaloa Devine
HELCO's, LLC's, STVR's and Lease Purchase?
We own our home in a quiet little touristy town. I'm working now on getting it put into an LLC primarily for asset protection since we are renting out the attached Mother-in-law apartment as a STVR. Additionally, the...
Stephanie Boggs
Tax implications for private money
This is my first year using private money to fund my flips. Do I need to send my private money lender a 1099? Do they send one to me? Thanks for the help!
Chris Muller
What were the downfalls and opportunities in last recession
Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully...
Adam Young
Texas seasoning period and Rental history for Refinancing
I'm currently setting up my LLC for my current rental property that is free and clear for 185,000. I'm looking to refinance and pull money out of my current rental.
1. I was informed prior to refinancing this proper...