Account Closed
1st reforming note go for about 40% of the unpaid principal
I have an opportunity to buy a re-performing first note at a 40% discount to principal The note has only 2 payments under a recent loan modification The interest rate is 5% and the principal is about 10% above apprais...
Dionte Graves
How do you structure your private lender contracts???
Good Morning,My company has a couple potential private lenders who are interested in lending to us for the purchase of a distressed residential property. My company will serve as the Gc over the project once complete,...
Rachel Leonard
Purchasing a house without an agent
Not sure this is the right sub-group to post this question in, please redirect me if not.I am considering purchasing my neighbor's house. I know her well and I know the house well. It would be a straightforward tran...
Roy H.
How much work are STRs really?
Everyone says LTRs are passive, STRs are work.But why? What exactly makes them more work that can't be automated?Let's assume you self-manage. The most prominent problems that I can think of are:Booking/screeningClean...
Zach Westerfield
Real Life BRRR - The facts about delayed financing from a Newbie
I hope people find this write up helpful. I tried to be detailed without getting too long winded, but if I missed something don’t hesitate to ask. I really wanted to highlight the lessons learned on the BRRR strategy ...
Johnny Quilenderino
From 1 to 27 units in 7 months
BP,
Well next week will be officially 7 months in the trenches real estate and I will officially be at 27 units.
2 six units
1 five unit
1 four unit
1 three unit
1 duplex
1 single family only thing not bought this y...
Megan Roche
How can I avoid the mistakes that YOU made??
Hi everyone, I'm going to try to make this short and sweet!I'm moving back to Chicago in 6 days and I'm ready to jump into Real Estate (finally!) I have not done any deals/taken any action yet in Real Estate because I...
Dr. Jordan E Smith
What was your first investment property?
Hey guys! Thanks to all the inspiring stories on this forum and the podcast, the hubs and I are taking massive action getting our finances in order to qualify for the best possible mortgage on our first rental propert...
Jonathan Beemer
Going to be out of job soon, moving, and looking to buy a duplex
I am in the military and soon I will be leaving. I have an offer from a family member to buy one of three of their duplexes when we move back to Tulsa, OK. The properties need exterior work. really good location for u...
Bobby Nilsen
1st yr, 15+ Deals in SF Bay Area, $1.6m Profit, Ask Any Questions
Good Morning All,We have officially completed our first year in business. We did about 15 deals ranging from $15k rehabs to $650k rehabs and $23k wholesales to $150k wholesales. It was about 50/50 on wholesaling and f...