Byron W.
Can I use check copies & credit card statements for expenses?
13 May 2020 | 7 replies
There are some items that can be proven via statements; however, for many such as a rehab you will want your detailed receipts.
Marcus B Hsu
1031 from 1 property to buying 3, generating cashflow
12 May 2020 | 25 replies
Were you able to find tenants strictly off Zillow or were you able to use other listing sites via listing syndication or manual creation?
Peter Deutelmoser
Listing Property For Rent
9 May 2020 | 7 replies
@John Teachout in NJ, the tenant pays so the reach is much better via a realtor, as well as the handling of the showings and tenant screening.
Michael Ramirez
What would be good terms for a partner in an investment?
2 June 2020 | 6 replies
From the side of someone providing capital, I'd be scared that you don't have the experience or contacts to execute a rehab efficiently or operate a rental property (maybe you do, just an assumption), so I'd want more of a partnership scenario.Based on the information provided, I would propose something along the lines of these two options:Option 1 - You Keep Long Term EquityPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 yearsRehab $100k (or whatever it ends up costing)Title to be held in capital partner's nameAll net rent proceeds to capital partner until they get an 18% IRR on invested capitalCapital parter goes away Option 2 - True PartnershipPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 years.Rehab $100k (or whatever it ends up costing)Form a GP or an LLC and hold title in that entity's nameDo the renovation.
Kendall Smith
Wholesaling Burnt Down Home
6 January 2020 | 0 replies
The property is in a trust, and I was able to get into contact via email with I believe a relative.
Ciara Lauren
Creative Ways for Down Payment
9 January 2020 | 9 replies
Good afternoon BP users,I am interested in getting into the REI industry and I’m curious to know if there is a way to get a down payment via alternative financing or private lending.
Jeremy Rouse
Found a deal - Hoping to find a partner
11 January 2020 | 3 replies
I can provide more specifics via direct message.
Daniel Ahn
Questions about Brrrr -Refinancing & possibility of live in brrrr
2 March 2020 | 8 replies
I plan on asking if she:Refinances via ltv or ltc.
Juan Escobar
Emailing cash buyer criteria
7 January 2020 | 2 replies
Once you have a deal, you can send THAT via email to all of your cash buyers and that will get you responses.Best of luck to you moving forward!
James M.
Does this HELOC logic make sense for a Rental Property?
10 January 2020 | 16 replies
I tend to try and hit at least 8 percent, perhaps that is too low or misguided for others as a CoC return, open to thoughts on that.In any case, assuming half of this would be my HELOC and half my money, would that artificially increase my CoC return assuming I pay the HELOC back via the cash I'm receiving and then perhaps a year or so later refinance and pay it off?