Hi BP! I'm putting together a proposal to raise funds for a downpayment. I'm hoping to raise $100k and then use it as a 20% dp for a small multi-family property. My proposal is to borrow the 100K at 10% interest for a...
Since December I've ran into a few problems while trying to invest. The biggest problem was me not wanting to invest in California because of our market. I'm now past that and very close to diving into my first purcha...
Since the pandemic hit in late March, many are not sure how they feel about staying at hotels or short-term rental platforms such as Airbnb, Vrbo, Booking.com, and Tripadvisor Rentals. Airbnb, with 7.7 million active ...
Hi BP,I am scrambling right now to make the right offer in the right way by tomorrow noon. I am in the nor cal market and the house has ARV 360 so I figure my max offer allowable is 360-(55k repairs)-(my 10k wholesale...
I house hacked by the room for 4 years. As a landlord I’ve had some situations I never thought I would experience.I would like to know the crazy stories of others. I definitely have improved a lot my screening process...
My offer was accepted on a 14 unit apartment. I knew it needed new windows and was built in 1950. In the purchase agreement forms we signed, he wrote NONE in the disclosures. He showed the best (only good ones) 3 u...
My wife and I just bought our second property and were considering forming an LLC for them. I just read something that said some investors opt to form an LLC for each individual property as a shield so that any lawsui...
This is something that I haven't seen yet as far as an investment strategy. I've thought about taking the cash flows from the rental and putting it towards the principle on the loan in order to expedite acquisition of...
Together my husband and I have almost $200k in student loans with a significant portion of them being at 6% interest. 53k of that is at 6.8% and 7.2%. We currently live and work in Oregon and are interested in getting...
I don't know who needs to read this, but I feel it needs to be posted, publicly.
Recently the following happened:
- BP Member posts negative statement about syndicator to these forums, involving lost money, poor co...