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Results (10,000+)
Doug Woodward Securing a loan for rehab expenses
30 August 2018 | 3 replies
We have a flip property that we close on this Friday.ARV (by Subject To Repair Appraisal) = $440KPurchase Price = $230KRepair Estimate = $100K We have secured private money to take the property down @ 10% and no points, but this is the first time that we have used this investor and when we met him and his wife for lunch today, he asked if we would be supplying the cash for the repairs.  
Douglas Pollock Use equity (and how) vs payoff to increase cash flow
19 September 2018 | 23 replies
@Douglas PollockWhat if I took your property as a down payment on a package of houses worth 500k.
Tracey Hamilton Tenant Labor and converting rental to flip
31 August 2018 | 3 replies
Having the buddy live in it fills a need for onsite security for it, and to have someone who can help with the rehab without having to be an employee.  
Anthony Wick Partner Wants to be Exclusive, I Want An Open Relationship
10 November 2018 | 28 replies
multiple partners In one deal and the partners don't know each other is running up on a securities offering or deal you may want to tread lightly there.do what @Brie Schmidt  does compartmentalize them one investor one deal.. no pooling pooling of investors into one deal is a BAD idea unless you have a PPM structure and adhere to the securities rules.. you take on a ton of risk doing that. and way to much for just little vanilla rentals.
David Mazza Portfolio Strategy Tax Question
4 September 2018 | 11 replies
That's why we accountants have the most job security after nurses and drug dealers.
Stephen D. Starting in multi family
10 September 2018 | 11 replies
@Stephen Diaz I am in the same boat as you are currently and the way I solved my issue was I went through a hard money lender and then took out a secured personal loan to come up with the down payment.
Naomi Bassitt Should I hold a unit for a month for a tenant?
30 August 2018 | 4 replies
Here is the ONLY way I would hold it...If you do not have any other good applicants that can take the unit sooner, I would take a non-refundable binder payment equal to one-month's rent NOW, then all of the move-in fees (first/last/security/pet fees) when you sign the lease for October 1st, which should be within a week. 
Allan M. Tenants want to renew lease, but might move early - thoughts?
3 September 2018 | 4 replies
If they have to leave sooner, tell them that they'll be responsible for rent until you're able to secure a new tenant. 
Sean Morrisey I got a $1M offer on a 16 unit building and I need to 1031...help
31 August 2018 | 15 replies
And don't forget - if you want to sell your WRAP at a discount - WOW - more cash in hand.Oh - you may want to consider an unsecured mortgage or secure the seller financed mortgage on another property you own, now you have a free and clear property ---- just think what you can do with that.One more thing I should mention while we are being financial creative - when you get a new mortgage on the property, offer the seller a PAY-OFF at a reasonable deep discount -  you win again!
Jonathan Roberts Occupied duplex lease question
30 August 2018 | 1 reply
I bought the bigger pockets rental property investing and managing rental properties package to help me make the decision.I also talked to the tenants before I purchased the property.