Ben Hooper
Expanding STR business
6 July 2019 | 13 replies
it seems as if option #1 allows you to quickly scale with less money (basically furniture and a security deposit) but has the downside of lower margins since you're not building equity.I've also thought of other ideas such as buying a few properties under a llc with several other investors, where the total cash per person would be the same as if you bought 1 property by yourself but it's diversified across different markets and reduced risk.
Lisa Rispoli
Financing a Multi-Unit with Student Loan Debt
2 September 2017 | 35 replies
The cost of living is lower.
Ali Dawood
"Market Correction" - What's the big deal?
23 August 2017 | 3 replies
So all of a sudden you have a decline in collected rents, your cash-flow sails out the window, you're paying 18% on credit card debt, and with lower equity you literally can't afford to sell the property because you can't afford the debt payoff and the realtor commission, closing costs, etc.
Javier Torres
Making an offer on a flip
5 October 2017 | 5 replies
Javier, I would say the 70% Rule is mostly used in areas with lower property values.
Casey Mericle
Missouri Options Statutes
30 August 2017 | 3 replies
An option must be for a stated period of time, try 99 years, lol.The issue isn't at the state level, it's federal and with the IRS, as well as CFPB then financing if you apply payments to any purchase price.
Tucker Helmus
Boston, MA - Connect with local RE pros and make things happen
27 August 2017 | 17 replies
Prices are lower and towns can be easier to work with.
Tiese C.
What is a Gentleman's Agreement & can it be wholesaled?
5 September 2017 | 19 replies
Option one is to purchase the home with non paying tenant remaining after COE for a lower price.
Jarrett Winston
$100k on the first deal at age 21....Thanks biggerpockets
20 September 2017 | 43 replies
Could you please tell me how you plan to weather a possible down turn with such a high level of leverage?
Robert DeForge
Customary for agent to Charge to look at a property??
25 August 2017 | 31 replies
My best clients always know the value of the houses even when I offer lower the offer.
Joy Fuchs
Duplex - new construction
28 August 2017 | 1 reply
The big questions to ask would be how involved do you want to be, are you selling or holding, and what level of build are you looking for.