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Good Morning/Afternoon/Night!Newbie/Wannabe Real Estate (MF) Investor here. I've decided I'd like to offer "free" man hours (unpaid work) to someone who is willing to provide part time employment, in exchange for tra...
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Hey guys,So in epoxide 769 David walks us through a BRRRR calculator of a potential property. I am having trouble completely understanding his calculations due to the HELOC payback seemingly not included. Starting a...
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Hello everyone! I recently watched episode #788 of the BP Real Estate Podcast, where Lamon talks about how his bank applied the equity in his first property to fund his second property.In summary (from what I gather):...
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Hello!I am happy to become a part of this thriving community! I recently joined and have already found a lot of helpful information and positivity here! I wish I would have known about BP sooner..I love so many thing...
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Just purchased my 2nd home in Colorado last Fall 2018, I didn’t keep the first one in order to use the proceeds to eliminate debt and use fund for down payment to attain a lower funding fee. Now I am in the process of...
Simple novice question: can you lose money after buying a lien?
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I want to run this past you guys to see if there's a solution in here somewhere.
A title search of a property I'm looking at purchasing indicates that there is an existing mortgage on record. The lien-holder...
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Hi,
What % do you use as your "rule of thumb" for estimating annual operating expenses when evaluating an income property? Here in Tucson, AZ, most properties that I manage for clients are running between 20-28% expe...
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Hi BP community. I’m working on a fix and flip deal. I am not very liquid at the moment. I have lots of saving in stocks. I also have the ability to take a $50k loan that would cover my closing costs. It would be 15 y...
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Hey BPers, I thought I'd pose a question some you all seem very supportive and concise information-wise. This is gonna be a book somewhat so bear with.... I am having trouble locking in properties and have been leanin...