How do you go about finding an investor to partner with on new development? I have an option on an off market 34+ acres and the sellers are asking $680k. We can get about 27-30 lots in the development and the estimato...
Hello BP!Just wanted to share our first deal (woot!): Two duplexes on one lot, single story. All 4 units are 2/1s, about 750 sq. ft., W/D hookups, and a not-so-private patio for each unit. Gross rents are $2235, fully...
As I continue to discuss this new investment venture with family, I continue to get the same question asked. I plan to go at this with no money out of pocket. I plan to do the research, construct a plan to pitch to a ...
Any recommendations for lenders who have a loan product for a DSCR construction loan? We are purchasing land in OBX and have a great builder lined up to build us what should be a tremendous rental property. The total...
I'm working on purchasing a unique property that includes a small home on 20+ acres. The seller owns an arborist business, has been in the home since the late 90s, and owns the house outright. He wants to move furth...
Who all have gone this route. For those who have, how have the loans been set up? Do you obtain a blanket loan where properties can be added and deleted? What are the terms that you have gotten (interest rates, int...
BP Community: I closed on my first deal about a month ago and it feels GOOD. I have the real estate bug bad now. I acquired my first property via online auction for 45% of ARV using a HomeStyle Loan. I'm in the middl...
Hello BP!
I would love to find a partner with experience/financing!
Highlights and my own thoughts/calculations right here:
Deal breakdown:18 Units: 1Br/1BaPurchase Price: $245,000 - Cash offers only
Need of full...
I am starting mailings in January. My question is how important is it to have a website? How many good leads do you get from the website? Do you use Pay-Per-Clicks? I know a website will provide a reference for the ma...
What is the next step after you have found a home by driving by dollars? How do you get it financed? I have read some examples of letters that some people send that say I will pay cash for your property. What if you d...