Stefanny Gonzalez
Hard money lender when investing in a house flip?
Hello all! How do you guys feel about working with a hard money lender? I am planning my first house flip and coming into it with a partner. The plan is to purchase a fixer here on SoCal, rehab it and sell it off with...
Marc L.
Seller Finance --- Help Needed
Back story: August 2011 my family moved from TX to MS. My dad had moved from MS to TN and his house in MS had been on the market but not selling. He agreed to sell us his MS property at no interest so that he wouldn't...
Chance Covan
New investor looking to get started- what would you do?
New to BP but looking to get started in my journey to financial freedom. I wanted to create an open discussion for some experienced investors and understand what you would do in my situation. I currently have $40k and...
Ross Sims
Bought my first house--now to rent or flip it?!
Hello! I'm not entirely sure this is the forum I should ask this, so if you know of a better one please let me know. So a brief history of what got me here. I am currently working two part-time jobs by choice. I'm als...
Walther Mendez
Thinking about becoming a hard money lender with a cashout refi
Hey everyone,My parents are actually looking at this not me. Their primary home is already paid in full (valued at $150k). My parents and I were wondering if taking out a mortgage against their home and using that mon...
Davon Lowery
Coin-Op washer and dryer
So, finally got the second tenant for the duplex and almost lost them the same day. The tenants are responsible for their own electricity and gas, I pay the water and trash. My mentors have advised me to either, tak...
Wes Mccullar
Multi Family mentor program (Rod Khleif)
Good afternoon everyone. My wife and I have had a few calls with their team and a zoom call with Rod himself walking us through his program and the costs associated with it. Obviously we’re entertaining all of this be...
Brian Patrick
Using HELOC for Investment Property Downpayment
Hello All,My wife and I have finally made the decision to dive into our REI dreams and begin making the plans to make it all reality. We have set a goal of purchasing our first property in 2018 and are looking into di...
David Hanson
How much cash flow and cap rate is enough?
Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
Victor Del Hierro
New to Orlando: Is Now a Good Time to Buy a Rental Property?
Hello everyone,
I'm feeling a bit indecisive about what to do next and could use some advice.
I recently moved to the United States 7 months ago, specifically to Orlando, FL. I've managed to save up $20,000 and I'm ...