Account Closed
Private Money and Proof of Funds
21 February 2015 | 11 replies
This has been extremely important because the competition for REOs has been fierce, and because it generally takes many offers to get one accepted.It's worked out quite well, but I'd like to begin exploring private money (read: friends/family) in order to scale my business.I have a couple concerns, however.I'm concerned that a line of credit from a private money lender wouldn't be considered a "cash offer".
Jarrod Askin
To LLC or not to LLC
18 January 2016 | 13 replies
Save the LLCs for segregating investors or for joint ventures where a business structure is needed.Brian has my vote for best post of 2016 here on outlining how the duty to defend, which you get from your insurance not your llc, is often key ( and I like a landlords policy with all bells and whistles plus an umbrella, as I have just few residential as small scale landlord with only 1-4 unit property) .. the cost of the defense now may eclipse the liability in some cases and is present even if you prevail..so insure properly whatever you decide for an entity......Other cons, you may also lose the ability to represent yourself in an eviction and have challenges in financing and refinancing as mentioned ( and I won't get to due on sale here but search that on BP for more discussion there)...
Max Maloney
Hello from San Francisco! Is the Bay Area right for me?
14 October 2015 | 193 replies
That being said, I'm now looking to house hack a 2-4 unit property because that will give me better scale and I'll be able to live rent free rather than sinking thousands into some SF landlord apt owners pocket each month.
Michele Foran
New York - Waste of Time?
3 September 2015 | 23 replies
It remains to be seen whether this will take off or not, but there is a major $1bn state of the art processing chip manufacturing facility that was completed in the last 3 years or so up there, and SUNY Albany is pouring resources into nano tech.
Joseph Gozlan
Favorite podcasts
11 April 2017 | 9 replies
In addition to the BP podcast, I also like Justin William's House Flipping HQ (he's all about systems and scaling and goes into details with his guests) & the Real Estate Guys (more macro and across different disciplines of investing).On the non-REI side, I loved Serial (can't WAIT for season 2), Sword & Scale, How Stuff Works (learn SOOO much), Throwing Shade (so funny), some NPR and running podcasts (to stay motivated and keep learning!).
Max Toler
Multi family or MH development?
14 December 2015 | 5 replies
Biggest issue is that the manufactured homes will now be 10 years older.
Krystle Padilla
Hello from San Diego!
16 January 2016 | 21 replies
We're RE Brokers, general & manufactured home contractors, developers, interior designers, investors and property managers in the North County Coastal area.
Edward B.
Tax writeoff on a charitable donation of property in Virginia
17 February 2016 | 10 replies
It's not scalable unless you are also scaling your AGI.
Upen Mody
Modular Homes
11 April 2017 | 11 replies
We developed the relationship with the modular home companies during the downturn in hopes of expanding our offerings and ended up building 3 homes with one manufacturer and 1 with another, we found there to be limited demand for the product in our area and minimal cost savings over similar stick built products.
Kim Ford
SC Network
28 August 2018 | 125 replies
Hi everyone, I'm a begining investor, starting to build a wholesale business (1-2 / month) to begin generating cash flow and build capital, then scale up from there, possibly moving into flipping a/or buy and hold rental properties once I have some reserve capital.