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1 May 2018 | 1 reply
Hey fellow BP members,I have this question that have been nagging me.I understand that the best practice is register the entity in the State that you are buying the property in rather than go through some method advised online where you form the entity in popular States like Nevada, Wyoming or Delaware etc..
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1 May 2018 | 4 replies
I am preparing to submit my first NC PACES Act (Crowdfunding) offering and am curious if anyone has used this method for raising money.
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23 April 2018 | 10 replies
This should cut down on some of the irate callers.These methods may not be a "be all end all" approach to irate callers, but it just may cut down on some of the abuse taken up front.Just some ideas.Jeff V
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23 April 2018 | 2 replies
I'm loving the BRRRR method, and I think this is definitely the way to go to minimize risk, start with low to no money down, and grow rapidly.That said, I'm finding it difficult to find out around how much you should put down with private money up-front?
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19 April 2018 | 2 replies
I am currently in property management for my occupation but I hope to someday go prom property manager to property owner through the BRRRR method, but that takes both money and skill to get great deals. as I am low on both, I was thinking of one of the best ways to increase my skills and earn a little money to save up for my own ventures would be wholesaling.what are your thoughts?
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20 April 2018 | 6 replies
I have been looking into investing in notes but I am a little hesitant because What is the pay structure (How much I need to pay them and how frequent) and the services that Loan Servicing companies offer Is there a certain amount of minimum loans that they will serviceIn the case of a delinquency how would I go about the foreclosure processIf you can provide any feedback on these questions of mine or provide targeted links for me to do some more personal research whether it be on BP or an external source.Thanks in advance :)
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21 April 2018 | 10 replies
You can ask a family member for a loan, but some lenders will require that amount to be sourced once they see a large deposit in your bank statements.By the way, if you're ever planning to keep a property (i.e. the BRRRR method), always get pre-qualified with a conventional lender first to make sure that you actually can do the refi, otherwise you'll be stuck in a hard money loan.
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23 April 2018 | 6 replies
It's entirely up to how you guys want to structure.
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22 April 2018 | 5 replies
Main difference being the length of time for each step, costs, method of valuation, and inconsistency across lenders.Many lenders won't let you pull all equity out though, YMMV.
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26 April 2018 | 7 replies
Sub 100k properties are a different chapter all together; my theory is that a property value (which is comprised from land and improvements) for a total of 100k implies negative land value, because a 1000 sf structure has some intrinsic value that can not go below 100k as long as it is functional.