I just finished running the numbers on a duplex I'm looking at. My idea is that I want to purchase the property with an FHA loan (3.5% down), fix it up, and then live in one unit while renting the second unit. Once ...
Hello fellow BP Members. I went on a walk around my neighborhood and came across a pre-folosure lead. It is a over/under duplex that has a way door that allows to connect all 4 rooms in the house. The owner is behin...
Hello BP members,A couple of my family members own a commercial property with a S-Corp.I noticed on their tax returns that they do not pay any salaries nor distributions to shareholders.They told me that their family ...
Hi In BRRRR, you make two loans : Short-term Rehab loan upon purchase and long term regular loan at the end of rehab. For each of the loans, the closing costs comes to about 10 - 15% of the loan amount. So I end u...
Investment Info:
Single-family residence buy & hold investment in Fayetteville, NC that I plan to LTR using a PM. This is an out of state investment.
Purchase price: $112,000
Cash invested: $27,500...
My partner and I closed on our first duplex yesterday. It was something I stumbled on while looking at homes on our local MLS ( I'm a licensed Realtor).
The seller was offering to hold a 20% second so we jumped on it....
Hello, I have a 15 plus acre piece of land that I would like to subdivide and im trying to get some ideas on the best way to proceed. I’ll have to bring in partners for sure. I effectively own the land outright and...
Hello BP! I've finally found someone looking to sell their MF properties and owner finance them. Three triplexes in Phoenix AZ to be exact, but I'm only focusing on one. Each unit is a 2/1. Per research, he's selli...
Just some basic questions I need help with. 1. I need to do some rehabbing to the properties to get rental ready. Do I put the utilities in my name or LLC and am I able to only turn them on for say a 30 day period?2. ...
The building is in the 33603 zip code in Tampa. It is 2 stories. The second story has twelve 625 square feet apartments. The rent would be $800 a month for each apartment. The first story has four 1,875 square feet re...