Jim McMillen
50% rule
16 October 2018 | 78 replies
For instance, if I buy the 9 unit for $215k using commercial loan for 75% of price and short-term private loan for other 25%, and I want to refi my downstroke to a permanent loan after I get the rents up to par in 12-18mos, assuming bank will only do 75% LTV on a refi I'm going to need the place to appraise for $300k in order to get my cash out or rate and term my downstroke and other costs.
Danny Kay
Property Tax, avoidance?
27 February 2008 | 8 replies
The property has to be 3 acres or more, dedicated to growing timber or agriculture crops or animals.
Jorge Caicedo
JUST WHOLESALED MY FIRST 2 DEALS EVER!!!!!!
13 August 2008 | 23 replies
TA, you know, i don't know what made it happen..i could call it luck but then again maybe this was that instance of a truly motivated seller and able buyer that RE gurus make the cornerstone of their bootcamps.
Michael Kazee
Looking for private investor to partner with in Mid-Michigan
27 February 2008 | 0 replies
Which is making it near impossible to grow as now is the time in which many great deals are available in the market.
Lou T
Is Age a Problem
19 April 2008 | 17 replies
Currently i have $5,000 in investments ( i know its not much) and i want to continue to grow that.No one at my school (of about 2000 students) share the same passion as me except maybe a few exceptions.
Jessica Murff
Newbie from Columbus, OH
28 February 2008 | 5 replies
Mainly interested in Wholesale first to get started but am interested in commercial, lease options, and when I grow up :shock: Land Development sounds really fun!
Account Closed
What I like about the new BP site
28 February 2008 | 3 replies
We grow from ideas even if the ideas are found in unrelated places.
Kevin D
Q: Likelihood of Com. REI w/o good credit?? ie IRS tax liens
18 March 2008 | 7 replies
Hence there is room to believe that you can grow your way out of the situation.I spent some time with a Chicago investor who has IRS liens and yet he was able to some some commercial deals.
G W
Multi Units: More Destructive Tenants? What's To Be Expected
10 March 2008 | 8 replies
However your risk grows by the number of units you have.
Jeff Weissman
Can self-directed IRA buy/sell real estate?
20 June 2012 | 9 replies
Now if you ask me, there's NOTHING that's unrelated to making my IRA grow, but, hey, they didn't let me write the rules.