Brian Davila
Hemet FLIP. Very easy flip and profit is twenty thousand
Investment Info:
Single-family residence fix & flip investment in Hemet.
Purchase price: $138,000
Cash invested: $17,000
Sale price: $215,000
Light rehab. I pretty much painted, cleaned and l...
Phillip S.
GC says "You're a waste of my time"
Needless to say I'm not having beginner's luck when it comes to connecting with a general contractor. I have attempted to contact 3 different GCs thus far and only heard back from one. The one that responded pretty ...
Carlos Ptriawan
Don't become passive investors
If there's one thing I learnt from the massive crash of CRE in 2023(and 2024) is that "Do not become passive investors". WHen you are passive investor, you become the dumb money , your money is being misused or misman...
Mike Schorah
Finding A Deal Equals 50% Of The Profit... Is This A Scam?
My local REIA has been in operation for 10 years. I went there 4 years ago and met the owner.
I went to the monthly meetup which was the first one post-COVID. They said that if you find the deal, they'll JV with you ...
Account Closed
Flipping With Hard Money.. No Way To Profit. I don't believe it.
Using hard money at 10% interest and 3 points... As I run multiple scenarios on a house with an ARV of $200k and say 40K of rehab (thats what one GC blindly told me.) I'd have to offer as little as $89000 to the sel...
Edwin De leon
Monthly Rental Income Profit I Should Expect From a 2-3 MF
I will be buying my 1st 2 MF with a VA NO MONEY DOWN LOAN as a 100% Disabled Veteran ... ( will have 6 months reserve in bank for mortgage pymts, and $15k for unexpected major repairs )
What should be reasonable go...
Tuan L.
Question State Income tax-LLC based in Utah and profit is in CA
I have a question about LLC State Income tax. My partner and I have a LLC based in Utah, but all of our profits will be from real estate activities in California. Do we need to pay state income tax for both California...
Bryan Hancock
Are Realtors Worth The Commission Anymore?
Given that there is such a liquid market of buyers online I was wondering what people's thoughts are on the commission paid to Realtors. A 6% commission has always seemed scandalously high to me given the typical amo...
Joshua Milam
What to major in College for RE investing?
Hello everyone, I have a family friend that is about to go to college and is very interested in real estate investing and says that will be his future. He asked me what he should major in and I told him business admin...
Marcus Auerbach
Newbies: investing is not rocket science - don't let the gurus tell you otherwise
Alright, I just read a post from a guru pitching services on BP. I did not want to respond with what I really think, but let me tell you my story here instead.
In 2007 I went to a RichDad seminar: after the free Thur...