
5 May 2020 | 1 reply
This is especially important to entrepreneurs looking to grow start-up businesses.

20 September 2015 | 7 replies
Hello, my name is Nikki and I am an investor who buys and sells properties nationwide. I have rentals of my own and I wholesale all over the US. I am a part of a team who is moving true off market properties that are ...

25 September 2015 | 4 replies
I am now also an investor and investor Business Coach.I work with real estate entrepreneurs to build profitable, sustainable, values-based businesses using customized systems that leverage the entrepreneurs strengths.I'm looking forward to meeting people at BiggerPockets and contributing to the community.
23 October 2015 | 10 replies
There is plenty of money out there just waiting for an enterprising entrepreneur to put it to work.

8 November 2017 | 20 replies
I’m in the middle of my senior year of high school and I do not want to go to college because I feel like it’s worthless for an entrepreneur.

8 November 2017 | 22 replies
I don't know why your guy's broker stayed up all night to correct something (could be more serious) but if your agent is at heart an entrepreneur, the little details can be overlooked.

13 December 2017 | 2 replies
The course will be done from an entrepreneur's perspective versus an employee's viewpoint).

1 June 2014 | 22 replies
I’m slowly trying to think more like an entrepreneur but the lawyer in me frequently gets in the way.

16 November 2014 | 19 replies
(That is a free lesson to all the entrepreneurs on here...no secrets to big growth!

20 September 2016 | 6 replies
I was only familiar with collateralized debt.So when I was lamenting the fact that I could not get money for more homes an entrepreneur friend said, “call the bank and get a signature loan”.Having never heard of this before, I called, and sure enough, IF you have good credit and income, a bank will give you $25-150K just for your signature…to go buy cars, pools and pay for stuff you don’t need.Or, you can use it to buydistressed real-estate.So, here’s where it could go bad.Don’t be stupid.Have your exit strategies.Then execute.My typical deals look like this:HUD/Homepath/VA forclosure wants $41K for a home with an ARV of $65-75K.Let’s assume it needs $10K.I start my bidding ridiculously low, so $24K, but eventually get it for $28.5K.I use “cash” and close fast and get it rehabbed in 2 months…could be faster, but that’s the average.Immediately after I close, I am looking for ways to collateralize the debt…ie REFI.Because right now, I own the home OUTRIGHT, w/ no liens.I do have this other debt not associated with the home and I want to pay it off ASAP before I have to make my first payment.I can 1) use a portfolio lender (typically 80% of receipts, then I retire the rest of the loan w/ my cash).2) Wait 6 months and use traditional financing where I have the possibility to getting all of my money out of the deal since they go off of appraisals, not receipts, typically 75% LTV.While I wait 6 months, my payments on $35K are around $500/mo.Home rents for $850, so I can do this and still pay the bills.3) flip the property to a new home owner and make 7-10K after expenses or 4) do nothing and pay the house off in 7 yrs w/ the 9% signature loan.I hear of people using hard money and the expenses associated, but for the smaller deals like these, IF you have good credit, they don’t make sense.Thoughts?