Hello! This question is for full-time real estate investors who do not have anyone in their family receiving a W2 (i.e. no employees).I quit my "W2 job" in December 2018 and our family now manages our real estate full...
Thank you to everyone who takes their time to offer advice on this valuable forum.
Background/Bullet Points:
San Diego duplex.
No debt.
Not a rental. Two vacation homes. Divided by a Co Ownership Agreement.
I want...
Hello! I’m a newbie and in the process of purchasing a side by side duplex in the twin cities area and will be owner occupying one side. When it comes time to renew the lease I would like to shift some of the responsi...
I just closed on a wholesale deal grossing $65k! I put $1,000 into the deal and spent 10 hours of time on it. This post is not to brag, but to share some key tips that I take for granted but for those of you startin...
Background:
One of the agents in my office just got a nice short sale listing. I plan to make an offer of 600k and market value is around 740k. I will get funding and the deal to close 31 days after I close the A-B...
We are taking on the most aggressive rehab project to date.I'm an engineer, licensed, and have practiced electrical engineering and some limited structural engineering. The upcoming project, I'm told - all permits an...
I'm renting out a property where the new tenants will pay water, but the water company will only bill the owner -- me. I want to add a clause to the lease agreement stating that, when I receive the water bill quarterl...
Good day BP!I have a quick question. I have a 3 unit under contract and the local banks and credit unions keep telling me my loan is commercial, but it is a simple 3 unit. I have not run into this problem in the past...
I’m working with a seller that I know owns the property free and clear. I’m thinking of asking them to carry a portion of the purchase price and using hardmoney for the remainder the purchase and rehab. I’m sure I’m n...
Okay...so I'm on the hunt for my first deal. Luckily I have a good friend who is a loan agent + real estate agent + an all around smart dude to help me get educated. I lean on him, but sometimes it feels like he's s...