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Results (10,000+)
Phil Petite Question About How to Structure Deals Using Private Money
17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?
Ryan Ramsay Purchasing a rental property
16 October 2024 | 3 replies
Your best investment is in yourself.Consider going to college or learning a trade.Use the funds to invest in something that does not require much time so you can focus on learning.If you do decide to get into real estate, you may want to consider doing a house-hack.It will give you a place to live(potentially saving you a few hundred dollars from paying rent and also giving you training wheels for being a landlord).
Jerry N. Any recommendations for smoking detectors?
21 October 2024 | 6 replies
Stains may be yellow or brown and get darker over time.
Erin Attwood Lenders out of state: does it matter? what are the pros/cons?
22 October 2024 | 14 replies
Out of state and institutionally funded can be tough to close at times
Danielle Campos Rejecting an ESA
20 October 2024 | 7 replies
(one-time telehealth diagnoses do not count)If they cannot provide that, give them a letter saying their ESA documentation is insufficient and the animal is not allowed on your property.  
Marc Kaplan Tiny home community in lake county Illinois
20 October 2024 | 3 replies
I was thinking I'd buy an acre of land that has city electricy and water available, and pay that off so that it can be used for collateral one house at a time.  
Account Closed Buying a property in 2025 - Bonus Depreciation?
17 October 2024 | 15 replies
Only time will tell.https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq
Tyler Summerwill Trying to get into Real Estate in Cedar Rapids, Iowa.
14 October 2024 | 3 replies
I recently purchased a course on real estate investing and have decided to focus on single-family flips and rentals.
Ashley Hightower Best SMS platforms-Launch Control, Lead Sherpa, Roor??
17 October 2024 | 47 replies
TCPA Class Actions are a real thing.
Mitchell Poloskey Please Help - Second Property Investment Route
20 October 2024 | 6 replies
I currently sit at $258K to go on the mortgage and did this through a small bank, which I believe approved me for such good financing at the time.