28 May 2024 | 4 replies
I help investors analyze, acquire and rehab (established, reliable contractors).
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29 May 2024 | 21 replies
Open to loans but only if we net 10k a month after mortgage payments With 2 million dollars you could solely fund one of our ground up development deals at 15% down on a 50,000 sq ft building which we put about 70 units in on non recourse debt for land we already have locked up and entitled. don't buy and hold, don't listen to any of the 20 agents from columbus here who try to sell deals that are garbage. if buy and hold was the answer you'd see massive capital pools in columbus buying deals up. that was the model in 2014. all of the value creation is from ground up development partnerships. we can build with land cost below 65% of finished asset value on lease up and you can have no risk into the deal. the deal I'm talking about is a 12 story deal that we are working on. in columbus you can get downtown land for $400k that is about 0.22 acres right now with unlimited height and unlimited floor area ratios and build massive equity from joint partnerships.
29 May 2024 | 6 replies
My options are:Sell: Maximize down payment in NC, reduce debt.HELOC+Rent: Keep NJ property as an investment, rent for potential $3,300/month.I'm interested in long-term wealth building.
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29 May 2024 | 6 replies
After a brief search, the IRS says-For tax years 2018 through 2025, if home equity loans or lines of credit secured by your main home or second home are used to buy, build, or substantially improve the residence, interest you pay on the borrowed funds is classified as home acquisition debt and may be deductible, subject to certain dollar limitations.
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29 May 2024 | 4 replies
My business partner and I have been coming across off-market deals and have a flip opportunity in Gresham and a lot in SE Portland for a new build.
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29 May 2024 | 3 replies
I've progressed from owning fixer upper duplexes in the north end of Winnipeg where I would do the renos myself late into the night; to purchasing large apartment buildings to acquiring properties in 13 different cities across Canada and the United States. to now buying office buildings and institutional-grade grocery-anchored retail centers leased to national tenants and publicly traded companies like Walmart, Safeway, and Loblaws.Before 27, I achieved lean FIRE, all thanks to the inspiration and fundamental concepts from the BP podcast and the incredible people I've met along the way in this entrepreneurial journey by betting on myself, committing to lifelong learning, and nurturing an insatiable curiosity.If someone like me, who barely made it through high school and would be considered "unlikely to succeed" by my peers, can do it, so can anyone reading this.
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29 May 2024 | 7 replies
BiggerPockets just went live with the property manager referal program last week.Click on the Build Your Team option at the top of your page.
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29 May 2024 | 5 replies
I am looking at MFH opportunity in San Francisco... everything looks great except for the fact that there are 2 protected tenants in the building...
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28 May 2024 | 3 replies
I was quoted $5,700 by licensed contractor and $3,200 by one not licensed who wouldn't pull a permit but has done several of these before.
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29 May 2024 | 3 replies
I'm in Gilberts and I work with a lot of local investors in Chicagoland, both with getting started/house hacking, and also building up to their first 10 properties creating their REI empire.