Account Closed
Is this a deal? Learning multi-family
Hey Guys! Noob here. Long story short, I have a friend who is a real estate agent and through the MLS made a rule to send me 16+ units, seller will carry multifamily/apartments every monday. I don't believe this is a ...
Ellie Perlman
Trouble Understanding the Acquisition Process?
Since we're seeing deal flow pick up at my company, I thought it might be helpful to breakdown the acquisition process for anyone that is just beginning to build their portfolio. Every syndicator has a different proce...
Ray Seaman
BRRRR Calculator: Loan To Cost Feature
I think it would be great if there was a way to have the BRRRR calculator do a loan to cost formula in the Purchase Loan Details section.For anyone using a hard money loan to finance their BRRRR deals, the downpayment...
Yuta Tamura
Cash-out Refinance a wise decision?
Looking for some wisdom from my fellow BPers!I am considering doing a cash out refi for a rental property purchased in July 2017 with a 30 yr. 4.375% fixed, for the purpose of acquiring acquisition capital. With the g...
William Allen
How to Analyze Deals Remotely
There is something new happening in the real estate market. Wholesalers and flippers and starting to work in new markets long distance. When you talk about fixing, flipping, and maybe even wholesaling from a distance ...
Huy N.
How I flipped my way through the 1st deal with one hand
After all these months watching HGTV and reading books. I was finally able to pull out a modest profit on my 1st flip deal. I’m grateful that after all the startup cost and unexpected issues, I was able to come ou...
Jay Shuler
Investor friendly banks/CUs in East Texas?
Good afternoon everyone, like the title says, I was curious if anyone had recommendations for investor friendly banks or credit unions around Longview Texas. I would really appreciate it, thanks in advance!
Chauncey White
Commercial loan process
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential property.
You are able to obtain NON-recourse financing (not personally liable) for commerc...
Brian Adams
How does the IRS tax an Acquisition Fee?
I recently closed a 240 unit deal and in my deals as the syndicator, I received an acquisition fee for putting the deal together.My background is a CPA so I feel I have a pretty good understanding on how the fee shoul...
Sam Leon
Is paying off a mitigated lien to the city a tax deductable expense?
I am in the process of purchasing an REO property with a number of violations
by a previous owner accumulated over time (years) to a very large sum. As of right now it is about 340K, and by the time I clo...