Kenneth Goldman
Find a Mentor or Quit?
I have been hammering away at trying to start a fix and flip real estate business of single homes in the Chicago market. I have tried pursuing several avenues to identify opportunity including knocking on homeowne...
Andre Brasser
How to accurately estimate hard money costs?
From reading BP articles and listening to BP podcasts, I’ve learned that hard money costs will be dependent on the project, not the individual’s income or credit score. Therefore, you won’t know how many points or wha...
Jean Laurin
Rehab overrun question
If I get a quote for a rehab from a contractor, they work the job, and then the job goes way over budget, what happens? Is the contractor responsible for some or all of the cost, or does it all fall on the investor? ...
Jeremy Hale
Quick questions on the 70% rule and estimating fixed costs
I'm meeting with a wholesaler tomorrow to discuss some properties he has, one of which he has listed at 84k with a 179k ARV and 52k in estimated rehab costs. Of course, I will be scrutinizing these numbers and corrobo...
Roger Pokorny
Getting my business in order
I am in the process of getting my business organized. So far I have been investing on transactions as they present themselves on the MLS. As many of you know the MLS deals are few and far between. I am now focusing on...
Raoon Kundi
Buying from a friend
I am buying from a friend. The house is in Texas. What is the cheapest way for me to close this ownership transfer transaction? Please share details and any tips and tricks. I trust the friend but do want to hedge ag...
Frank Scala
Buying in Other States
My partner and I both reside in New York, but are looking to purchase our first investment property in Pennsylvania. Do I need to form the LLC in PA? Or is NY fine to do business in another state? Honestly, I would...
Tom Reynolds
What state should LLC be originated?
Hi - I'm a new investor outside of chicago and wondering if I should establish an LLC or establish an LLC in a different state. I'm only asking because Illinois charges 4x other states for annual renewal and the init...
Tzook Bar Noy
LLC use of income before tax
hello BPIf I have a LLC that gets 100k income yearly, can I use 100k to purchase a propertyOr I need to pay taxes on the 100k and only with what is left to purchase the property
Mark S.
ATM Machines: Anyone doing this?
Just listened to the most recent Real Estate Guys Radio podcast. I think I've heard about this opportunity previously as well.
The gist:
Buy a tranche of 7 ATM machines for $104K. Have them turnkey managed with a g...