Account Closed
Chicago: FREE AT 23!
Hi Guys: My name is Ed and I just joined BP. Started investing at 21. Now I have 13 properties working on 14 and 15. I was able to quit my job as an engineer when I was 23 almost a year ago. I buy cash flow propertie...
JEssica Alveriz
Pre-approval letter held hostage by realtor???
Are lenders required to give you a pre-approval letter. I got a referral from my realtor for a local lender for pre-approval. I informed the lender I would be acquiring multiple "quotes" to compare so please provide a...
Robert Sapienza
Financing my second rental
Hello everyone! Have a question and ill keep it as short and simple as possible. I have just purchased my first rental property (quad) 100% with money from my HELOC (primary home which is paid off). So my now owned qu...
Account Closed
What are your buy and hold criteria?
I would like to know what criteria you currently use for your buy and hold properties.
My current buy and hold criteria are:
sfr built after 1990
1300-2000 sq. ft.
3 bed 2 bath
Central air/ heat pump
City water and ...
Brandon Allenczy
Feeling Kind of Stuck
Hey BP!
I'm having some issues figuring out what my next moves should be and was looking for some advice.
Where I'm At:
Currently, my wife and I are house hacking 1 duplex, and own another duplex as a rental. We h...
David Pittman
Becoming a Mortgage lender
Good afternoon BP Community!I am a partner in a General Contracting business building new Custom and Production homes. We are in a small town outside of Houston that is one of the fastest growing areas in the greater ...
Gautam Venkatesan
Notes, Interest Income, Yield - please help my math challenged brain!
I read a lot of posts on BP recommending investing in notes with your retirement funds. I see double digit returns (10-15%) being quoted as common for note investments done correctly. But when I do some simple math...
Steve Boss
Has anyone used a lower cost 1031 exchange intermediary?
I've been happy with the service of the 1031 exchange intermediary I've used in the past. I recently contacted them about doing another simple 1 to 1 exchange and the fee is about $1,000.Now I see there are companies ...
Kevin Wattenbarger
Entity Structure- 2nd Real Estate Brokerage Company
What do you think is the best way to structure a second real estate brokerage company? Background: I have a Florida real estate brokerage company (an LLC that has elected to be taxed as an S-corp) that is 100% commer...
Jason Hutcheson
12 Lessons from My First 12 Months
We finally did it! A year ago, my brother and I formed a partnership and jumped in to the business of rental properties. With just over 12 months experience under our belt and an initial investment of $20,000, we ha...