Mark Anthony Alvear Jr
Setting up a package deal in wholesaling
Hey BP family, currently have a lead that’s wanting to do a package deal..never done this before, however is there a different approach on determining what to offer? As well as getting a profit from this?
Doug Silverman
is there a guideline percentage for partnerships??
I have a partner who is putting up all the cash...I am finding, managing and selling the properties...what is the standard percentage for each partner in this case...I was thinking 60 for him and 40 for me....is this ...
Sean Murphy
Would you buy a duplex with no central air system?
I'm interested in a duplex in my area, but there is no central air system installed in the home, and the heat is baseboard electric. My initial reaction is to be concerned that window A/C units may not be satisfactory...
Scott Stevenson
Question about a Seller-financed deal
Hello everyone, There is a package of 16 Single Family Homes in a nearby area that is up for sale. I have emailed the agent associated with the package asking her if seller-financing is an available option in which sh...
Lee S.
Dollar Cost Averaging
Hello all, i'm on track to buy my first rental here in the next 3 months, I could do it now but I'm really busy in the next 6 weeks and I don't want to rush it. Anyways, does anyone look at long term buy and hold fro...
Pat Jackson
Buying 2-4 unit properties, when is a package deal worth it?
I'm about to have ~100k in HELOC funds. My plan for awhile has been to buy cash flowing 2-4 units one at a time with my HELOC, turn around and do delayed financing, finance 100% of the purchase price, and do it again...
Vu Nghiem
Legal question on structuring a deal
Hi all,
I'm a novice investor that have done a few live flips deals on my own. I have a group of friends that is willing to commit about 300K of capital for me to BRRRR with.
How should I structure the entity so th...
Mark Heavey
Estimating Out of State Rehab Costs
Hi - I am a first time investor looking to invest in out of state markets. When underwriting potential deals, I’m having a hard time with estimating rehab costs. I currently don’t have any connections in the markets I...
William Harvey
Accounting for house flippers
Hello BP community,For house flippers doing consistent deals, what tool(s) do you use for accounting? I've tried QB (admittedly, didn't try for long) and it didn't seem to be a good fit. Seemed like QB would be good f...
Steven Grabowski
Duplex Deal - good?
I'm pretty sure this is a good deal - my offer was accepted, but I still have an inspection that needs to pass.
Duplex (side by side, 1,600 sq ft each side)
Purchase Price: $19,000
20% down - $3,800
Mortgage on $15,...