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Results (10,000+)
Michael Bass New To BP and Investing
6 April 2015 | 1 reply
You can also hear how individuals transitioned into big transaction such as flips and buys n holds. 
Tyler Warner My introduction and discussion about national returns
7 April 2015 | 2 replies
Returns an individual gets are based on market conditions and individual investor savvy. 
Tabor Tollefson Condo: 3 years arrears, owe $140k-bank, $14k HOA, worth $40k
6 April 2015 | 5 replies
It was confusing to me whether a salesperson's license was sufficient if you managed properties as an individual.
Jorge H Colon The Miami Real Estate Bubble
21 April 2015 | 2 replies
Like @Wayne Brooks said, the international competition makes it tough, but there is still plenty of ways to enter the Miami real estate market and be successful. 
Marek Berry Need Attorney for Multi-Party Contract
8 April 2015 | 4 replies
This is my first post and I look forward to the help that this great community provides.I'm in the process of forming a partnership with two to three individuals to flip houses and need an experienced attorney to help create a fair and comprehensive contract. 
Eddie Reid financing your way to wealth
19 April 2015 | 1 reply
In Todays realestate marketplace in the area of realestate finance there is some resemblance as to how to create wealth quickly as it was when I first entered the business over 25 years ago,in those days there was no seasoning of title,a very powerful tool,for my younger investors they may not know what no seasoning of title mean,no seasoning of title simply lets you buy lets say a property that you bought for $25,000 ,but the appraised price was $50,000 and this was a property where there was no rehab necessary,in those days I could buy the property for $25,000 on Monday and sell it on Friday for $40,000,oh by the way i almost forgot to tell you i bought and sold  25 properties in 4 mo. only using $500,those were the good old days well this scenario is creeping back into the marketplace,this brings me to Todays lesson is based on using 4mo.seasoning of title and 100% financing to move your realestate empire forward,here's how,john doe is a pretty ambitious guy ,he doesn't have a lot of liquidity but he has some ,he finds 4 properties that cost $50,000 that each of them needs $25,000 in rehab,the appraise value of each of the properties after they are finished is $150,000,john fortunately is able to find 2 lenders that will allow him to do 2 rehabs at 100% financing,so john is able to get the financing for all 4 properties and now he has $600,000 in value and $300,000 in mtgs,john has 2 options he can either sell all 4 properties or hold them,john is able to find a financing source that will give him a 7% rate on a 10 year call with a 30 year amt,and the lender will allow him to cash out at 70% of the appraised value,so john decides he want to keep the properties so he decide to refinance ,his new mtg pymt is $1663,lets say taxesand insrance hypotheticaly speaking is $350,per property, it may be a little higher,so his total mo outlay 3063,on a $150,000 home based on where you are located,1300 mo should be a fair #,it could be higher,so your total gross rents are $5200-3063=$2137,oh we almost forgot what was johns cash out when he refinanced (600,000x70%=420,000-$300,000,this would equal $$120,000-estimated closing =$30,000=$90,000,lets see what are really happened,$90,000 profit,$2137 monthly cashflow,minimal out of pocket,being that this is based on 100% financing ,there will be some out of pocket costs along the way but they can all be recouped back,so the investors true out of pocket costs would be 0 because he was able to recoupe his out of pocket from the cash out refi ,so tell me what is the real rate of return on investment if your end result is that you have 0 costs of your own money in the deal,the last thing I want to mention is that some people who read this may not have any money , but have valuable homeimprovement expierence,another may have the credit but no money,the other may have money but no creditand yet another mayknow where all the smoking deals that would make the #s work ,I bring this up because I read a post of 2 people coming together to bring the resources that the other lacked,im sure the same thing can happen in this instance.
Lucian Harris-Gallahue Buying Cuban Homes, Uncharted Waters
11 May 2016 | 26 replies
I have a very strong network locally and know a bunch of attorneys and other individuals who have traveled to Island after recent events.
Ann Howell Quality of data on note buying sites
9 April 2015 | 10 replies
Watermark gets pools of notes from banks and makes them available for individual purchase so you don't necessarily need a lot of capital to get started in this business.
Eric Dufault VA Loan to Buy 2 Duplexes
7 February 2019 | 7 replies
My lender was quickenloans beleive it or not.Im actually trying to use a 2nd va loan the do the same scenario ive narrowed down another 2 duplex properties owed by the same individual but i do not believe they are on the same deed.
Isstad Rashadeem New to BP and ready to take on Houston, Texas Rentals
9 April 2015 | 12 replies
I spoke to some great members individually but never got to the meetings.