Ryan Saulle
BRRRR calc questions
Hey BP members!Question about the BRRRR calculator. I am messing around with it to see different results and had a question. Example: I buy a house for 100k with all cash, put 20k rehab costs and i put in ARV of 200k....
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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 ...
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...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
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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...
Lacee Beitler
Online payment - Cozy users
Hi everyone!
For any one who collects rent via Cozy (or any online payment processing), I have a question about when the payment processes vs when it's received:
We love using Cozy and so do our tenants, but Cozy ...
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Is 5.8% Cap rate ok in Class B area?
Rental property in class B area.Current cap rate is 5.8%. These are not the actual numbers, but is the actual percentage and actual ratio:I invested $x.xx (say invested $59,000). The $59,000 equality has grown to $10...
Matthew Harrison
looking for financing under 50k
Hello BP...i am just finishing my first complete rehab of a home. Purchase for 15k, put 12k into the reno and beleive the ARV to be around 40k. My plan A is to try and pull a mortgage out of it, 30k, and recoup my i...
Edward Barrett
Section 8 for newbie investor?
New investor here trying to stay in my local market (Dayton, OH).
Since I've started looking for my first deal I've come across a few section 8 properties that seem to pencil, but I'm a bit loath to jump into that ki...
James McGovern
What Bank Is Fastest when it comes to Cash Out Refinance?
Would love to know if any bank exists that can do a cash out refinance where underwriting takes less than one week