Lamont Marable
Fix and Flip with a seller
Hello BP,
I have a seller that has a property for $150k but is willing to go down $130k. ARV is about $280k - $306k but it needs about $75k to 90k of work. I want to structure a JV deal with the seller. They will ...
Peter Wellman
How to set up a good partnership
Hi Everyone,I have a buddy that has been a Plummer for over 10 years and has a lot of connections within the contracting world. He wants to partner up on some investment properties. I was wondering if anyone knew of a...
Emma T.
Private lender contract
Hello all,I have a private lender who is lending me money on a property I have under contract. What type of contract do I need to draw up? Also in the contract do I need to state that I have 100% control of the decisi...
Josh Welch
Accepting multiple applications and fees with limited supply
Hi,
Does anyone know the legality behind accepting multiple applications and hence, fees when there are only a few vacant units in a multi family and the units fill up quickly? Do you have to refund applicant money t...
Bradley Jernigan
Good tips to raise money
One of the biggest blockers I have seen from potential investors has been them not having enough capital to get started within owning real estate. If you do not have enough capital for a multifamily property then here...
Kyle Alberry
The Big Picture
Hello again biggerpockets community!From my last posts, I have had a change of plans. I first wanted to invest before I graduated college, or maybe got an owner occupied property out of college after I have worked at ...
Kim Parker
Upcoming tenant start date pushed back
Hi BiggerPockets community,We have a MTR that we rent the main floor and lower level separately to traveling healthcare professionals. It has gone very well so far.We are set to welcome our next guest in two days. We ...
Steve Grimm
Leasing Fees & Existing Tenants
Hi all, I recently acquired my first rental, a mutifamily property that was fully occupied at the time of purchase. I've received my first monthly statement from my property management company and it appears I am bein...
Joe Garramone
Multi-Family to Condo Conversion
I own a few 2 family properties in the towns surrounding Boston, MA. I was looking into the possibility of converting them into condo's and selling each unit as an exit strategy. Does anyone have a good book they reco...
Francisco Soto
Partnering longterm in real estate should we open an llc or no?
Me and my partner are interested in buying properties together. The mission and vision in the partnership is longterm. Should we open an LLC?Thank You