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Results (10,000+)
Breanna Green First 1031 Exchange - Looking at a variety of markets
29 July 2024 | 6 replies

Hi BP people! I have bought and sold a few houses but first time doing a 1031 since saving on cap gains makes sense. I have approx $500k+ to play with and looking at San Diego, LA, Scottsdale, and New York. Most optio...

Justin Fairfield intro for beginners
30 July 2024 | 4 replies
The local Real Estate Investors Association (REIA) puts on several meetings a month, and covers a variety of topics. 
Joseph Fenner What software should I be taking advantage of when investing in real estate
31 July 2024 | 10 replies
Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
Sheldon Alex Wrap Mortgage Private Money Partner Analysis
30 July 2024 | 6 replies
Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?
Daniel Torres Understanding the Private investor side
30 July 2024 | 2 replies
In my previous role, I encountered numerous instances of real estate fraud, which opened my eyes to the importance of legitimacy and trust in this industry.After months of studying the markets and educating ourselves on the BRRRR method, we are thrilled to have potentially found our first deal, along with other promising prospects.
Manny Sosa First Time Investor in Need of Advice
31 July 2024 | 3 replies
Search the BP for ADU appraisals to encounter numerous examples.
Demiss G. Shippley House Hack (2-3 units)
1 August 2024 | 7 replies
This resulted in people bringing me deals in the market, helping numerous other buyers invest in the area, and grow an extensive rolodex of team members.
Peter Morgan Tenant smoking hookah in the apartment
29 July 2024 | 3 replies
Plus, many vape products come in a variety of flavors, are often less harmful, and can help reduce the risk of fire hazards associated with smoking indoors.
Nicholas Ramirez What's the First Step?
30 July 2024 | 18 replies
Contact numerous lenders, prepare financial paperwork, and acquire a mortgage pre-approval letter.
Abel Curiel New York Househack Update: Market Snapshot for 2-4 Unit Properties
30 July 2024 | 1 reply
Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.