Ken T.
First real estate deal as a lender
Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
Tim G.
Trials and tribulations of my first flip!
Welcome to my thread! I'm going to use this thread as my blog on my 1st rehab property. I ultimately want to get into rental properties and plan to use the profits (hopefully) from this flip to purchase the first ...
John Thedford
Our REIA Meeting With DBPR: re what is unlicensed brokering
We had the REIA meeting yesterday. DBPR was kind enough to send an investigator down and cover the topic: what constitutes unlicensed brokering. She did address one specific case where the file has been turned over to...
Jimmy C.
Why do we pay higher than taxes than most countries?
I was listening to talk radio today and they discussed corporate tax rates. I was surprised to learn that our country pays some of the highest in Corporate taxes in the World. Of course they were talking about how e...
Laura H.
The Shell Game - Pay off Debts or Invest?
I'm trying to take the approach of having my money work for me instead of the other way around. The struggle, however, is balancing what looks good on paper with what I want to do; being disciplined and careful, but n...
Brian Garrett
Question about the 70% rule
So I know the "standard" way to calculate the 70% rule of thumb is to take the ARV x 0.70% and then subtract the rehab costs to come up with your MAO.My question is why wouldn't you take the ARV and subtract the rehab...
Nate Hawkins
FINALLY! How to find A+ contractors
Over 6,000 posts and A LOT of podcasts later people still do not know how to find a GREAT contractors.Raise your hand if you want one!There is no need for a lengthy post short and sweet makes it happen.I am a contract...
Susan Wilhite
Marketing to LGBTQ community
Among other demographics, I'd like to approach the LGBTQ community in selling a standalone residential property. Word-of-mouth, of course. How else?
Eli C.
When does forming a multimember LLC count as a security transaction
I am looking at forming a multi-member LLC with some other investors. I would be the managing partner. My concern is that this may be considered a securities transaction.
- There would be less then 35 members. Probab...
Rendy Richiez
When is it “ok”to overpay for a property ?
Today’s market is crazy!! And sometimes just to Not lose a “good” deal we offer a little more or too much. But is it ok? Is yes when and why? If not, why?