Nathan Zierer
First Duplex with Inherited Tenants
Investment Info:
Small multi-family (2-4 units) buy & hold investment in St. Louis.
Purchase price: $230,000
Cash invested: $56,000
Contributors:
Sarah Zierer
Solid duplex in Sout...
Tim Hemmersmeier
First Deal - 4 plex vs 5+plex - Financing Qs
Hi,As I am thinking about pursuing my first deal, I have a few questions on some pros/cons of starting with a residential (1-4 units) vs a multifamily (5+ unit) property, specifically in regards to financing. I am awa...
Amanda Jewell
Tiered Flips and custom upgrades?
Hello BP Family!I'm not sure if this is legal, a silly question, possible--and if so, how?I have been toying with the idea of doing a basic renovation on a flip but then when showing the property, offering "upgrades" ...
Patrick Philip
Tax issues when transferring personal home to LLC then selling
I am a small spec home builder. I build under 3-10 houses per year. My bank will lend me to my personal name enough money to build a large spec home at a much lower interest rate than my HML. I want to know what would...
Hollie Parrish
STR Owners in Nashville, what has your experience been like?
I'm a Nashville resident, and I'm hoping to buy my first home and house hack in the next year or so. I'm open to both long term and short term rentals, but am leaning short term rental because it seems more lucrative....
Ralph Miller
How to Pay Myself
Hello BP Community! I recently started renting out 2 of the 3 rooms in my house to tenants. I also created a business account for myself where I put their security deposits and monthly rent. I calculate out the uti...
Chris Collins
I'm not even close to the 50% rule, why are my calculations off?
When I've been analyzing deals, I've been getting numbers that are way off the 50% rule.I know that that's only a guideline, but I'm not even close. Am I doing something wrong? Or am I being too high on my estimations...
Manuel Broco
4 plex insurance help?
Newbie currently shopping for homeowners insurance on a 4 plex. It will be owner occupied has plenty of safety / security features but have been quoted over $300 a month. Is this normal? I was expecting closer to $120...
Ashley Wolfe
Inherited, Out of State property. Crunching numbers for renting
Hello all,I need to know how to go about analyzing an inherited townhome to see if it would be a good rental. The quick story is my husband's mother passed away in late May and we inherited her townhome. She owes ab...
Jeffrey Messee
Real estate license
I am wanting to invest in buy/hold and flipping. Would it be good idea to get a real estate license or waste of time and funds?