Hello, one of my friends secured the following loan from Bank of America - his family relative works in the bank & got him the following for his primary home
Home sold price $1,175,000 (1.75M)
Interest rate: 3.1...
What tax form should I issue an investor if they provide the cash for the deal and earn a portion of the profits?This could be a 1 and done or could be a long term structure...how would you structure the partnership o...
Hey guys,I'm an investor involved in fix and flips, working on acquiring properties directly. After hopefully acquiring deals the goal is to keep projects we want to work on, and wholesale out others. Direct mailing i...
Hi BP,I have a close friend that would like to loan me money to use as working capital for my RE investments (I use the BRRR method mostly). Because I purchase in cash and am always re-financing properties with term l...
How do banks and/or investors value a portfolio of duplexes in different locations w/in a city? Since individually they wouldn't be valued based on cap rates, but as a portfolio (i'm assuming they would be)? I have ...
First time CA investor, got two SFR under contract yesterday (8/31 and 9/21 closing date) in Kansas City. I feel I should go check out the property in person and meeting with contractors/PMs etc. Can only be there fo...
Hello, I am brand new to the business. I have not even been in the field yet but I have been doing some reading. I am truly committed to turning this into a career, however there are a few concerns I have.1. At the ...
Hello BP'ers,I have been using the Texas Residential Lease agreement (I am in El Paso TX) for some time now, besides this template does not have a specific term in regards of "Pest Control", other than it mentions to ...
Ok, I currently have 2 properties paid off in my portfolio, so I refi'd one property and bought another sfh in cash with that refi'd money. Now I decided I would refi the new property I bought in cash and the other p...