Trying to make sense of a deal right now and something hit me last night.

Hello BP users,Real estate development has been on my radar for years now and I’m 80% sure I’m ready to get into that space.I’ve been a real estate agent for 6 years in residential, commercial leasing and multi-family off market sales.So what is the best way to become a developer?

The pipes have to be dewinterized so I would have a plumbing professional there prior and when the water gets turned back on just in case.

Your engineering and project management background must be a huge asset in analyzing deals and market trends — perfect for the dynamic Bay Area market.

Hi Elimar, glad to have you as a part of this awesome community!

Oh everything terrible can happen in one day?

@David Matthew I hate the thought of giving up the sub 3.5% loans but if you're ROE is sub 4% then I believe you're having the right thought process if a cash out refi or heloc isn't feasible right now. 

Thus I do not see what benefit there is investing as a LP with a LLC

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

We served the tenant 90 day notice as she was throwing massive parties in the home with complaints from neighbors, etc.