We’ve put a 3/2 townhome under contract Sub 2. Assumed payments and rehab costs will comprise about 1/2 of what we’ll cash flow, which was the attraction. Since this our first townhome rental, what do we need to be ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $525,000
Cash invested: $300,000
Sale price: $945,000
This was a family venture where each fa...
I have a question for the BP knowledge base: my brother wants to house hack but doesn't have money for a down payment and may not qualify for the loan. I want to purchase a duplex but would rather not have to come up...
Bought a house (our first) we’re not happy with and plan to sell before 2 years of ownership. The market is hot so we might make a profit.
How do I calculate the actual capital gains profit?
When I calculate taxes...
Buying a 3 unit multi family in Brooklyn (Greenpoint). 3rd FL unit is vacant, 2nd FL unit has a lease good until Feb 29 2024, 1st FL unit has no lease. The seller and broker are difficult to deal with, not forthcoming...
If im understanding the below text I cant assign the contract to another buyer without the sellers consent. should i try and push my much simpler contract or just request this one be changed so that i can assign wi...
I own 25% of a 3 apartment house, the other 75% is equally owned by three of my relatives (4 of us each own 25%). The house is fully paid for and currently is fully rented out (none of my relatives live there). The th...
I moved four properties to an LLC from my personal name. Bank sent me a letter and said that they have purchased insurance coverage for all four properties because my insurance under the LLC is not acceptable. Said th...
I'm planning on investing through an LLC, but I am having trouble with a business plan. I know what I WANT to do (buy, hold, and rent) but putting it into a format that is presentable, while addressing what I want to ...
I am considering a partnership with 3 other investors where we would combine our collective resources to implement a BRRR strategy in a specific demographic area. One would be strictly a financial investor, the other...