Adam Bearup
Where to invest cap ex, repairs, vacancy reserves?
Hello BP community,
I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.
Does it go straight to the bank? Invested in CD's or a ...
Jeremy L Riddle
Taking profits on Minnesota LLC
Greetings! My wife and I have 2 Single Family Homes in an LLC with another couple. We've had it for 9 going on 10 years now and have taken an owner draw one time in the history of the company (maybe 2 times) for les...
Bianca Rodrigues
Tips for raising private capital
Hello,Curious to get some insight on where to find private money and how to pitch private money lenders?
Aria Pearl
How to structure deal with only 1 partner on loan?
Hello everyone!
I am trying to come up with the best way to split profits for a 3 person partnership.
We are looking to purchase a property for short term rentals. We are all planning to split the down payment even...
John Huynh
Savings needed when purchasing multi-unit
Good evening everyone,I am trying to purchase a 4-unit property. Is there a general rule of thumb regarding the amount of money one should keep in their pocket for a rainy day when purchasing a multi-unit property? My...
Gaddiel Garza
Combining Hard Money and Self Directed IRAs in South California
Hello BP!I am new to this market and wanted to know if there is anything wrong with using a Hard Money loan and cover the out of pocket with a self directed IRA account. Not sure if its allowed being that the SDI woul...
Michael Amos
How do taxes work if I receive money from a friend?
How would taxes work if I receive money from a wealthy friend who isn't a "Private lender", but just someone willing to donate cash to help me with a fix and flip. What forms should be given from me to them, or them t...
Account Closed
Do I really have to sign a personal guarantee?
Expect to get a hard money loan without signing a personal guarantee? Not likely. Here's why...Lenders want to know you are personally involved and have a real desire to see the project through to an exit.There are ma...
Joffrey Long
Hard Money Loans: California / U.S. - What's Covered?
Hard Money: What's covered by what?
In trying to figure out what loan is covered by what law, people will ask, "is it a one to four family residence?" Or, "is it owner occupied?" Is it commercial property?
Do...
Sharon Ho
Finances of a Real Estate Investor
I'm curious to learn more about personal finance choices that BP members have made in addition to owning real estate. As you build your wealth, what are your "must have" numbers or "must do's" in life? Many recommend ...