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Purchase Price - $85,000Rehab cost - $60,000 (5 month duration)List Price - $225,000Sale Price - $223,000 (received offer within 8 days of listing)Sales price less closing and commissions - $200,000Profit - $55,000 sp...
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Good day,
I know my situation is not unique. I got my RE license 10/2014 but have not used it. I'm currently a full time personal trainer but wanted to transition to RE sales. I see I can make more income as a agent....
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Ironically I had conversations with two folks over the past few days who have significant gains in property sales and are under pressure to decide where to reinvest. The more sizeable the gain the more challenging an...
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I have a potential borrower asking for a HML. Our good friend and mentor Jay Hinrichs suggested using the 3 C's for underwriting: character of the borrower, capacity to repay the loan, and of course, the collateral.He...
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Hi everyone!Started my journey a year ago started doing some wholesaling and almost a quarter ago "moved" to Cleveland, OH to acquire the first property as an investor. During the last months I'm having some thoughts ...
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I have spoken to a few people who may be interested in lending me money to help in building my portfolio. I'll be starting with some flips to build cash reserves. I understand that a promissory note can be used to sec...
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Hello,
I'm new to BP and to real estate investing, but am an architect and general contractor who has worked FOR real estate investors many many times over the years. I have always known I would eventually start this...
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Hi all, Well there's always a first for things and for me, it's being invited to my tenants wedding! I was totally surprised by this. They've been in my SFH rental property for nearly 2 years now (and are staying ano...
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Introduction: We have found that there are some common worries that many new real estate investors experience. In this post, we outline some of the most common concerns we hear from our clients and share some of the s...
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What is a good way to find people who are interested in buying non-performing notes? I have access to sellers nationwide so I'm going to be wholesaling and/or brokering these notes but I want to start building a buyer...