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27 August 2015 | 4 replies
I became inspired to invest in real estate thanks to my father who handed me "Rich Dad Poor Dad" when I was a teenager, and who has income properties in Queens and Brooklyn.
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25 August 2015 | 17 replies
@Daniel Ryu, unfortunately, we never got to go to Korea ourselves, but we did meet with a number of country product reps, which was fun by itself.
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12 September 2015 | 9 replies
I wish you a productive and successful journey as you begin going down this new path in life.
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14 August 2015 | 16 replies
If your buy and rehab are all included in the $50k hard money loan, and the ARV is $80k - when you refi (as soon as you have it leased or after six month seasoning if required by your mortgage product) you will be able to borrow 75-80% of value - so, $60-64k which will pay back your $50k hard money loan.
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6 December 2019 | 3 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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21 October 2015 | 7 replies
Done right, this can get you economy of scale and some favorable pricing (i.e. less than what you'd paid to roof a single family home of comparable size).The down side can be things like agency costs, poor management, and financial mis-steps.The bottom line: what are you getting for the dues?
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13 August 2015 | 0 replies
Because trillions of Dollars in financial products, investments, mortgages, etc. are linked to the LIBOR benchmark rate, this is a huge infraction and is almost cartel-like in its very nature.
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19 January 2017 | 13 replies
If you bring that side of things to the deal with a quality product at reasonable prices, there will be investors lining up to partner up with you on a JV, me included.
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31 July 2018 | 11 replies
In this you would be wise to work with your accountant to use documentation to memorialize your intent to "hold the property for productive use in business trade or for investment".
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13 August 2015 | 0 replies
We have some local attorneys that can perform this role, but I am worried they'll run the meter and provide poor value to investors in a workout situation.