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Hi there!
I’ve started an LLC to buy my first residential investment property. I will be able to provide a 20% down payment through the LLC, but the question I have is: don’t I need to personally guarantee the loan b...
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Since the pandemic started in March, the government has passed a number of programs, extended some, etc. I particularly am looking at student loan repayment moratorium, mortgage forbearance, EIDL loans, PPP, SBA loans...
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Hello - I need some clarification. In the state of South Carolina, I understand that there is a hefty tax on out of state owners for second homes. My question is this: If you are a resident of South Carolina, is there...
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Hello BP Family,We listed our recent flip last week Wednesday 1/17/2018. My husband and I wanted to list it at $448k, whereas our agent wants to list it at $429k. We met at the middle and decided to list it at $438k. ...
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Hi BP Community,I'm in the Massachusetts market, south of Boston. I have been looking at Rhode Island for more favorable prices. My wife and I found a 3 family in Providence (east side a couple blocks from Brown Uni...
Let's say a Single Family Home was bought for $100k and rents for $1000 (GMR = 100)a month. If I am able to get $1,200 a month, wouldn't that raise the value of the home to $120k , using the same multiplier?I have hea...
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If you're able to buy a deal where you have instant equity because you bought the property for less than what the appraisal came back at (and I'm talking like $10,000-15,000) how do lenders handle this... Do you get ...
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When comping properties, would you compare a "cape cod" to a "rancher"? Same sqft in proximity, similarly finished, build age is 6yrs difference. Your thoughts would be plenty helpful!
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Hey! So I just closed on my first rental property and have it posted on Zillow, it is in a desirable area and I priced it competitively when directly comparing it to other listings. It has been listed on Zillow for 4 ...
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In the process of evaluating 6+ unit multifamily properties, I've come to the conclusion that these properties are either EXTREMELY over priced, or my estimates for expenses are too aggressive. In many cases, I'm...