Grant Pope
Raising Capital with other investors - How to structure?
Hello All - Love BP and everything it has to offer.
A question that I have is about structuring your business when you are raising capital. Right now I have 5 units, with a couple of different investors. Because the...
Doug Danoff
What's your formula for insuring a flip?
Hi All,I've found a flip in the Boston suburbs. First one. So many things to work through!I was curious how experienced flippers calculate the insurance they take out on their rehabs. The combo of vacant and builde...
Mark Rhea
Deductions on Improvements Before Officially Renting
We moved out of our primary residence in Tennessee and relocated to South Carolina in July of 2016. We have spent about 7 months getting the home ready to become our first rental property. It has taken that long due t...
Account Closed
Creative Financing - Subto - Seller Financing - Now More Than Ever, Here's Why
Did you know that if you buy a $400,000 property . . .
In a typically bank financing scenario you put down 20% or $80,000 and finance $320,000 for 30 years the Principal and Interest at 7% is $2,129 and over 30 year...
S B
Take the plunge or not?
I'm a single guy in my early 30's. I have a successful career in Information Technology that I've built over the past 10 years. I've been looking into real estate investing as a possible part-time and maybe full-time ...
Aaron Jones
Is a Business Loan a good idea?
Hello BP, I am a new investor looking to get started in NC pretty soon. For the past year now I have been reading up on different methods of investing in real estate and now I think I'm ready to get started. After car...
Maggie G.
When to form LLC., before or after buying a property?
When to form LLC , before or after buying property? Can I borrow money from the bank for LLC or other form of corporation?When is the perfect time to form LLC, is it when you are beginner investor or advanced one?Whi...
Michael O'Byrne
Accounting method, implications for rehabbers?
Hi All,
We just started a c-corp to take advantage of ROBS capability, and I'm doing some basic research on cash vs. accrual method for accounting. For a rehabbing business it may not make much difference du...
Adam Smith
One Furnace In Duplex
Hello BP! We are looking at a SFR that has been split into two units. It has only one water, gas and electric meter (i.e.- one furnace and one water heater). Wondering how this would work with having two separate t...
Steven Vega
Subject to on reverse mortgage with intentions to hold as rental.
Hey everyone!Very excited to share with you my very first investment deal my wife and I are currently working and we are in need of some input. We have an off market deal (actually owned by a family member) currently...