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I'm looking to purchase rental property to buy & hold for positive cash flow.Unfortunately I'm located in New York City, where anything remotely close here is far out of my budget, and regardless, this is not a la...
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Hi Everyone,I purchased a property to flip about a year ago. Prior to purchase, as is customary in NJ, I had a tank sweep company come investigate the property. They indicated that there were no oil tanks on the pro...
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Hey Everyone,My name is Bryant Diel, and I reside in Kansas City, Missouri. Aside from listening to the BP podcasts and reading the Rich Dad Poor Dad book series, I don't have any actual experience in real estate inv...
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I am fairly new to multifamily investing, and am looking to build a base of diversified syndicated multifamily investments. Almost every syndication opportunity I have researched so far uses a 75%LTV value-add strate...
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I wanted to start a philosophical thread here with pearls of wisdom for those times when everything is just going wrong. :crying:
I'll start:
Stand up to crises. Don't let them throw you! Fight to stay calm... eve...
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Many syndicators/sponsors are offering a "waterfall" payout arrangement to their investors, whereby the investor first gets a "preferred return "of 8%, and then 75% of any cash flow left over after the preferred retur...
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I'm a huge fan of durable flooring for rentals. (I won't do carpet.) My personal favorite is porcelain tile as it's practically bulletproof and aesthetically acceptable here in Texas. Sometimes, though tile is not a...
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I'm really hoping someone can help me out on this one. I'm a first-time investor, purchasing a foreclosure, and I'm concerned that if I back out of this contract, I may not get my earnest money, even though it appear...
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Dear BP community,I welcome your constructive comments and suggestions to my crazy idea above.Here is the background. My apt complex was burned down in a wildfire last year. I've been trying to rebuild it since Jan ...
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What percentage of my rehab budget should be set aside as a cushion. Right now the renovation budget is at 45k and we haven't opened any walls, looked at the roof or the furnace. We know we want to update the kitchen,...