Jonathan Basden
Flipping profits to purchase properties
Could you flip a house and use the profits through a 1031 exchange to purchase a rental property?
Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
Stuart Udis
Investing in Multi-Family Syndications With An Out Of State Sponsors
Like many of you, I am frequently contacted by syndicators raising capital for apartment building acquisitions in distant markets. In many instances I am notified an offer was made in a multiple offer situation with a...
Faizan Ali Khan
What is your typical tenant turnover rate for single family rentals as a manager?
I'm aware of the vacancy rate being 6% in the SFR industry but I was wondering what percentage of units go on the market every year from your portfolio. If you manage properties, what do you typically see?
Therese V.
Calculating Capital Gains When No Ordinary Income
Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
Nilofer Sickander
MEETING WITH A LENDER SCHEDULED - CREDIT PULL QUERIES
Hi BP, questions abt credit pull, but first some background My husband and I are stuck in a lease until end of year, we cant purchase a house that we intend to "house hack" for maybe another 6 months. That said, i h...
Alison Rodriguez
Cash purchase to cash-out refi
Hiya!I have a property under contract in Hagerstown, MD, a SFH for $94K with an ARV of $160K.I'd like to use a personal line of credit to purchase the property, pay repairs out of pocket (minor) and then do a cash-out...
Account Closed
HELOC to invest in Notes?
I'm considering buying a note or two with a HELOC. Although I'm generally leaning toward secured 1st position NPNs, it seems like a PERFORMING note (either a 1st or 2nd) would be the best way to leverage it.
As long ...
N/A N/A
Owner Financing Questions
I have a property I will be selling soon and I was thinking of offering owner financing, but not having ever done that before, I thought I'd ask the following questions to get a little more insight into whether this i...
Benjamin Riehle
Full remodel turned into quick profit flip
Purchased a fully gut remodel from a local wholesaler here in Tucson, Az 2 weeks ago for $105,000. Our plan was to spend $100-$115k remodeling this property and then list it for sale. Comps in the area were in the $28...