Ed Neuhaus
FHA Subject to Limitations - Possible work around?
23 November 2015 | 3 replies
@Matthew Kreitzer I was wondering if having several different LLC's would do the trick.
Sam Byrd
1st Sub2 Deal / Buy & Hold
9 June 2016 | 17 replies
I suspect a lot of the regulars here on BP are well aware of this trick, but as a newbie, this tip alone is worth thousands in the long run.
Account Closed
owner financing
7 August 2015 | 7 replies
@Steven FileCreative Financing involvesAcquiring properties sub2, lease option, wrap, land contract, installment sale on free and clear propertiesGetting Private Lenders - learning about self directed IRAs, paying all cashGetting Joint Venture Partners from business owners, paying all cashCreating Joint Venture Partners with home sellers that are not wholesaling candidates - minor repairs - Give a note to home sellers, fix with private money, resell, pay off note in 4 monthsWholesaling to All Cash BuyersNone of these strategies requires personal credit or banks or personal guarantees.See http://www.biggerpockets.com/blogs/3-reiskills-and...Don't be a One Trick Pony, Be a Transaction Engineer :)
Jennifer Carton
Wholesaling
24 September 2015 | 7 replies
@Jennifer Carton Welcome.This is a tough market (a lot of competition and very high prices that don't make sense) but you seem like you'd be a tough lady that would make a good investor.The trick is to try many things and focus on what's working.
Adam Bossen
The Next Level
31 August 2015 | 2 replies
These deals can create 3 to 5% value in assignment fee relatively quickly like 10 hoursFree and clear houses that have no mortgages, have opportunities for creative finance tooYou could buy the house and give a payment that is low enough for cash flow with market rentYou could have a homeowner get a 50% mortgage for cash now and then get some cash later with a private second mortgageThe negotiation with the seller on terms deals is completely different than pushing the price down like car dealer in wholesaling, it's not apples and oranges, it's grapes and watermelonsBeing a one trick pony doing "only wholesaling" with all the competition you have I think is crazyI get a ton of my pretty house terms deals from wholesalers that only know how to wholesale
Nick Rutkowski
Home Imporvements
15 November 2015 | 4 replies
Where possible, funded those bank accounts with credit cards that do not charge cash advance fees (depends more on how the bank processes credit card funding deposits than the credit card itself) thus earning points / cash back on those account findings by credit card purchase that I converted to....lowes/HD gift cards. and then simply paying back the credit card I used to fund the new account with directly from the new account.There are lots of tricks and caveats but so far I'm 30k in on my upgrades, $0 debt, 0 interest, not to mention significant discounts to lowes/HD prices, and moving along nicely only risking unsecured debt and leveraging a great credit score.
Abdul Azeez
HUBZU Property: Potential issues and concerns
16 September 2016 | 4 replies
PM me your email address and I'll give some tips and tricks that you and your realtor can use to get the best deal.
Andrew Zai
Multifamilies is Fitchburg MA
6 October 2016 | 6 replies
The trick is to have a property that is in good shape and is desirable if you buy the slumloard place those are the people you are left with, if you let someone else manage it for you don't be surprised if they rent to less than desirable people, because yes Fitchburg does have their share of people you do not want to rent to.
Account Closed
My First BRRR Deal- Does NOT cash flow- Did I do something wrong?
28 September 2016 | 43 replies
The market is hot right now, there is an election coming that may or may not affect the economy, and more and more people are using HML and other tricks to get into the market.
Scott Trench
When is it time to Diversify?
15 September 2016 | 26 replies
The trick is figuring out what, specifically, is an "investment".