Drew McKinney
Quit Facebook and bought 16 units shortly after!
A few weeks ago I was able to close on 13 units from one seller and 3 single family homes from another on the same day. Both seller financed. The point to the title of this thread is have you ever felt like you were...
Jay Shah
Member/Owner vs LLC as named insured on insurance policy
Hi everyone,I have an LLC that holds a couple of properties. Am getting a lower premium (approx $250-$350) if I have one of the members of the LLC as named insured. Upon some research, I found that the 2 disadvantages...
Ryan Wamsat
Prop 21 - Rent Control on Residential Property - Questions
I've read through the voter information guide as well as the text of the proposition on ballotpedia. Section 3f states "To exempt the owners of one or two residential dwellings from any local rental control law." Ne...
Vincent Q.
Heloc as down payment then refinance
Hello All,Can anyone give advice on if this is a good way to invest. I have one single family investment property. I am looking to get a Heloc and buy a second investment rental property. Is this a good strategy. Hel...
Michael Campbell
Can't use a private money loan for down payment
I've tried several times to get a loan for an investment property and each loan officer is telling me I can't use private money for the down payment. How else am I supposed to come up with a down payment? I don't un...
David Wilmer
Getting started with first STR
Hi! Recently joined BP and this is my first post... Looking to get into the STR business with a main goal to maximize cash flow and hopefully grow a little over the next few years. I have a couple of initial question...
Destin E. Thomas
Potential Wholesale Deal in Colorado Springs, Colorado!
Hi!I have a potential wholesale deal out in Colorado Springs and it'll be my first one, so I'm looking to pick someone's brain who has done a wholesale deal in Colorado before, what title company you've used and trust...
Herman Chen
Trigger happy beginner
Hi BP Community! I'm very happy to be a part of BP. I'm new to the BP forums and have been catching up on the Podcasts, which are awesome. I'm 36 years old and just changed my career to real estate. I am working a...
Sandy Keller
Advice for Improving 12 C- Rental Units in a C+ Neighbourhood
My mom has $23000 left to pay off on 12 residential units in the Chattanooga Area. Once that loan is paid off we will free up another $1200 per month. They are two 4 plexes (each of which need new roofs, gutters et...
Mason V.
What is the point of hard money if you need a downpayment for it?
I have talked to three hard money lenders today and each wanted 20%-40% down for a rehab. I understand the idea of having skin in the game. But, If I am going to be putting that much down I might as well just get an F...