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17 April 2024 | 7 replies
Also - we just made a new guide to help people how to use BP for their business, called "Using BiggerPockets to Grow Your Business" - definitely check it out, I think you'll find a lot of value in it.
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17 April 2024 | 18 replies
The book is saying open up multiple accounts for your business for the purposes of charitable giving, owner income, taxes, paying down bad debt, etc.
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17 April 2024 | 7 replies
It also depends on how the lender is structuring your loan.
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18 April 2024 | 87 replies
As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.
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16 April 2024 | 2 replies
This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.
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16 April 2024 | 5 replies
Does is make sense to structure rental agreement as MTM or 1-year lease??
18 April 2024 | 41 replies
Which in turn will bring plenty of other investors and general business to the area.
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14 April 2024 | 4 replies
I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and negotiate terms that benifit both of us that I can still profit with the business.I guess im looking for a clear cut of all the parts of a seller finance deal, how to structure it, and how to negotiate it if countered. example, If i put 10% down, they finance 90%, whats a good or bad interest rate if any, how long of a term, what should the payments look like etcany advice would be a huge help to not only the laundromat but Real estate in general!
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17 April 2024 | 8 replies
You might also meet someone that could be a potential business partner.
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15 April 2024 | 19 replies
In this book, it said we could use Schedule E for both investment and business purpose.