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So after 1.5 years of searching, putting in offers, losing deals after inspections, yesterday I finally closed on my first investment property.
I put together a document of all the lessons I learned that I did not ...
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Hi, BP family. Quick question..We found a property being sold as is for 25k. However there’s a mold issue (not severe). Work needed is 8k.ARV is 63k. I believe I can leverage the fact that there’s mold to lower the as...
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You’ve invested in your first or most recent piece of real estate - congratulations! After the stabilization period that comes with the transfer of ownership of real estate, and starting to execute your business plan,...
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Can someone please explain why it is better to form an LLC rather than Incorporating when starting a real estate investing business?
Thank you.
So I would LOVE to eventually get into Commercial Real Estate, especially apartments, but realize the commercial loan world is much different from SFR's. The part that keeps sticking out to me is the concept of a "bal...
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Well, I'm really spinning my wheels here. In the past couple weeks I've called 30+ small banks/credit unions trying to line up financing for purchase/rehab. A 100k line of credit would be ideal.
Of those 30+ banks I...
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I am administering my late mother's estate, which includes a small multi-unit building (two 3/2 flats + a 2/1 basement unit) that is about 2-3 blocks from the Jefferson Park train station. I live out of state and hav...
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Hello all,So I am in a bit of a pickle and curious to see if any other landlords have experienced a similar issue and what sort of course of action they would recommend. I own a SFR out of state with a business partn...
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I decided last year to embark on a different strategy than my normal buy and hold investment strategy given that the market for buy and holds in California has become a lot more difficult where we have seen CAP rates ...