I'm working on my first rental property and I've never actually made a deal before. I've purchased a house that I live in, but we used conventional methods to get it. Agent and 100% FHA Loan. How do I make my offers? ...
Hey BP community, my partner and I are trying to purchase our first deal in 2020. Started building our core 4 but still missing a key element, a LENDER. Now i know there’s alot of lenders out there but we have been ha...
Hi World!
I Have a good opportunity on 4 section 8 properties that are cash flowing nicely. Its off market. i unfortunately am low on capital at the moment. I have someone who would help with the down payment. I am l...
Due to the COVID-19 outbreak ive seen many lenders drop out of potential deals i had lined up. But what is the course of action now for deals that still appear. With fear comes oppertunity and i firmly believe that su...
What would you do in this situation:
Business: Manufacturing
Commercial building valued at 2mil
550k left on mortgage
800k Line of credit (650k balance)
Bank is demanding line of credit balance to be lower than 5...
Hi BP! What would be the best way to approach a motivated seller with a creative financing option (ex. owner financing or subject to)? I am new to RE investing so still getting use to some of the different options an...
Hey there! I have a weird creative financing question for you. Have you ever heard of a deal where the seller carried the financing? Like say I dont have 20% down on a 100000 property. The seller has 100% equity the p...
I have recently started a company and I am thinking of investing in real estate with my income before taxes.
I have no idea how to explain this so I will use a scenario. If at the end of the year I had $25,000 to in...
25 unit Apt Bldg
Asking $1Mil
Cap Rate: (Potential) 8.50%
Price paying (Per Sq. Ft.): $ 60.77
Price per unit $ 4 4,000.00
Gross Rent Multiplier 6.62
Expenses per unit $ (2,906)
Expense to Income ratio 43.72%
Income ...
Hello everyone. I'm relatively new to this and have successfully flipped a few small condos in the Columbus market using cash. I'm looking to take on a larger project, something a little outside the box.There is pie...