C W
Defining Business Plan
I know that it is very important to define a solid business plan, and right now, I'm an agent and also a private investor. I want to focus on acquiring small multifamily units (2-10 units) and renting them out, bringi...
Marcus Streeter
Introduction - Cook County(IL) & Lake County (IN)
Hello my name is Marcus and I am just starting to utilize my BP profile for something other than the podcast and calculators. Just looking to network with people in and around the Chicagoland area. Always looking for ...
Jordan Archer
How do you make an offer (wholesale) on a property when you don't know the repair costs?
Hey BP,I just sent out a marketing campaign, and my phone is already ringing.Naturally, I want to make offers on these leeds. How do I make these offers without knowing what will be required for repairs? I'll be able ...
Jessica G.
Thinking about selling SFHs + primary, renting primary, buying MF
Hey BP! So we are thinking about selling our two SFH rentals which have appreciated decently and also have very mediocre cash flow, as well as our primary which we bought really as a "live in flip". Selling all 3 woul...
Kaneem Curvey
Should you have a PPM on a multifamily that is less than 150k?
Hello BP, I have a deal for a 125k. Multifamily 5 unit building. Well kept property. Below market price. I have investors but not sure on how to structure the deal. Would like advice on how to "CYA" all that are invol...
Anthony Freeman
Ending W-2 income
$10,000 seems to be a good amount of rental income (monthly) before quitting your W-2 job.
Fernando Duque
Advice on calculating construction cost
Hello everyone!
We are excited because we are on our way to OUR FIRST DEAL!!!
I would like to ask a question to see if you can help us move in the right direction.
We have a lot In which we want to develop small s...
Daniel Dietz
What Loans Count Towards 'The Ten Loan Limit' we hear about?
Hello, I have read mixed answers to this both here and from other investors, and am hoping some of the more savy lenders or other knowledgable folks can give a more definitive answer. It seems clear that if you are ju...
Jeremy H.
Calculating the "Cleaning Fee"
How do you personally calculate the cleaning fees?I've been running into this lately in my STR analysis. I have talked to PMs in the area and am told the "cleaning fee is a pass through cost" - I understand that the g...
Tennita Funmaker
How Do You Determine Your Wholesale Profit?
I haven't done any wholesaling yet. I'm just starting to gather information. My question is when you find a deal you want to wholesale how do you determine your own profit? Do you start backwards with what rehabber...