Michael A Quinones
Seller Financing Exit Strategy Question
I have a potential seller that keeps failing to get rid of his property after not coming an agreement with me (or anyone else apparently) and is now reaching out again for a 3rd time. I am holding firm on my numbers a...
Michael Giorgianni
Wholesaling Real Estate With License - How commissions/fees are handled?
I have been building my wholesaling business for about 7-8 months now and have successfully closed 9 deals so far. I'm trying to find a real estate brokerage to hang my license with and have hit a little dilemma a...
Will Stewart
Looking for advice on Room Rental for Student Housing
Hey everyone, I was interested in doing student housing and I know individual room rental is becoming popular. My question is, how do you determine rental rates when doing this? Do you just go by the going rate for t...
Ross B Adams
Setting up seller finance with balloon payment
Hi there! Instead of listing a property I'm flipping, I want to sell with creative financing to my contractor. He doesn't qualify for a loan right now but thinks he will in 12-18 months. There is no mortgage on the pr...
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LOST: Wholesaler Basics
Hello,
Okay, I've been reading here, searching and I still have some questions and fogginess about wholesaling, probably real basic to many, but nonetheless, I need to know. In a nutshell, as a wholesaler, my plan i...
Eikichi Takuya
Why not just write an option contract instead of using escape clauses?
I spoke with a lawyer in regards to the idea of "wholesaling" properties and his take was to just write an option contract outright rather than create what is essentially an option contract by including an escape clau...
Matt Bailey
Best self-directed 401K/IRA - who do you recommend?
What self directed 401K/IRA do you use?Can you rollover a sep IRA into self directed?Can you roll your W2 401k into self directed?Anything to watch out for with this process?Thank you!
Vlad Denisov
Why do we think of reinvesting for IRR?
Let's say we acquired property on a year 0 for 100k. Let's say we had a cashflow of 10k every year, for years 1 to 5 and on the year 5 we also sold the property for 130k. The question is why when we calculate the IRR,...
Peter Lee
Do you consider Feng Shui when purchasing properties?
So, i found an investment property (town house) here in Vegas that meets my criteria.
The deal hasn't closed yet, so, I went to inspect the place after the owners left before I hire my home inspector. My Asian gir...
Michael Tan
Choosing between two Property Management opportunities
I’m new to BiggerPockets, based in California, and looking to do some out of state BRRRR investing in Lafayette, Indiana (my hometown). I am currently in the process of building an on-the-ground team and am debating b...